The United Arab Emirates is considering investing as much as $50 billion in India, its second-largest trading partner, as part of a broader bet on the world’s fastest-growing major economy. Provisional pledges from the UAE could be announced early next […]
The U.K. government said Wednesday that it will invest £225 million, or $273 million, into an artificial intelligence supercomputer, highlighting the country’s ambition to lead in the technology as it races to catch up to the U.S. and China. The […]
The U.S. government’s borrowing needs will decline slightly in the final three months of 2023 from the prior quarter, a potentially important development during a turbulent time for the global bond market. In a closely watched announcement Monday afternoon, the […]
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: […]
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, […]
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 […]
South Africa is set to briefly overtake Nigeria and Egypt as the continent’s largest economy next year, International Monetary Fund forecasts show. The IMF’s World Economic Outlook envisions South Africa’s gross domestic product reaching $401 billion based on current prices […]
The world’s second-largest economy expanded by 4.9% year on year in the third quarter, beating analysts’ forecasts but showing signs of slowing down. The Chinese economy showed a bigger-than-expected expansion in the period of July-September, suggesting that a recent set of […]
India’s economic growth will be above 6 per cent in the current fiscal as the country has managed to strengthen its macroeconomic stability and performance even in a period of large global shocks, RBI Monetary Policy Committee (MPC) Member Ashima […]
Various governments and organisations have announced deals and investments worth hundreds of millions of dollars on day one of the Africa Climate Summit (ACS) (from September 4 to 6) which runs alongside the ongoing Africa Climate Week (September 4 to […]
