The U.S. economy saw job creation decelerate in October, confirming persistent expectations for a slowdown and possibly taking some heat off the Federal Reserve in its fight against inflation. Nonfarm payrolls increased by 150,000 for the month, the Labor Department […]
Billionaires are notoriously difficult to track. It’s no surprise – the easier they and their assets are to find, the easier they are to tax. But by all accounts, the number of uber-wealthy people in China is in decline. Of […]
In the heart of Morocco, where the echo of the bustling souks meets the rhythm of the digital age, a transformation is underway. The country, under the guidance of King Mohammed VI, is turning its gaze towards the horizon of […]
India on Thursday once again refused to endorse China’s ambitious Belt and Road Initiative, becoming the only country in the Shanghai Cooperation Organisation not to support the multi-billion-dollar infrastructure project. Source: Times of India
In the heart of Beijing, within the confines of the Colombian Embassy, a crucial conversation unfolded. Colombia’s President Gustavo Petro sat across from representatives of the Chinese firm Harbor Engineering Company Limited, discussing the contours of Bogotá’s future. The topic: […]
Saudi Arabia’s total merchandise exports, including both oil and non-oil, fell 23% year-on-year (YoY) in August 2023 to 102.4 billion riyals ($27.3 billion) dragged by lower oil exports. However, on a month-on-month (MoM) basis total exports increased by SAR 10.4 […]
When the Shanghai Composite Index plummeted to a new low since November, shedding 3,000 points in the process, it was more than just a statistical anomaly. It was a grim portent of a deepening economic malaise that has gripped China’s […]
Nigeria is expecting an influx of $10 billion in new foreign currency inflows within the coming weeks to ease liquidity challenges in the foreign exchange market, Finance Minister Wale Edun said during the Nigerian Economic Summit in the capital, Abuja, […]
Investors continue to withdraw money from China’s onshore stock exchanges amid slumping equity prices, adding to the biggest capital flight from the nation in seven years, according to Goldman Sachs. Foreign investors were net sellers of US$3.3 billion of A […]
In the shadow of the Great Wall, a new titan quietly flexes its industrial muscle. The first nine months of 2021 have seen China’s industrial economy grow steadily, with the value added of industries above a designated size increasing by […]
