Dollar gains before Fed rates decision
The dollar headed for its biggest monthly gain since September as Federal Reserve is expected to take decision…
French inflation dips to 2-yr low
French inflation fell more than anticipated in January, hitting the lowest point since before the Russian invasion…
Bayer to outsource 3rd party for business in Africa
Germany's Bayer announced that it would hire a third party to distribute its pharmaceuticals in four African…
Chinese cities ease home purchase limits
Two of China's major cities Suzhou and Shanghai ease home purchase limits to boost sales, in an attempt to enhance…
China’s manufacturing activity shrinks – PMI
The Purchasing Managers’ Index (PMI) in China rose slightly in January to reach 49.2 from 49.0 in December, an…
S. Arabia’s economy shrinks in Q4 ’23
Saudi Arabia’s economy shrank in the fourth quarter after it continued to reduce oil output in an effort to raise…
U.S. UPS to cut 12K jobs as ’24 revenue forecast declines
U.S. United Parcel Service (UPS) company is planning to cut 12,000 jobs after it lowered its 2024 revenues forecast…
CBN pays additional $64mln FX backlog
The Central Bank of Nigeria (CBN) has paid an additional $64.44 million toward the verified foreign exchange…
Egypt approves green hydrogen incentives law
Egyptian President Abdel Fattah El-Sisi ratified Law No. 2 of 2024 to provide incentives for green hydrogen…
Practical remedies urged for Egyptian economy
A condition of perplexity brought on by the commonly asked question, "Where are we going?" A question that, in the…
