Global labour income share faces prolonged decline – ILO
The International Labour Organisation (ILO) highlighted a global decline in the labour income share, which has…
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COVID-19 pandemic
Africa receives $4.61b in loans from China in ’23
Chinese lenders approved $4.61 billion in loans to Africa in 2023, the first annual increase since 2016, according…
S. Korea’s combined debt tops $2.26t
South Korea's combined government and household debt has reached a new milestone, surpassing 3,000 trillion won…
Tokyo Metro to seek record 700b yen IPO
Japan and Tokyo governments aim for a 700 billion-yen ($4.7 billion) valuation for Tokyo Metro ahead of its…
US jet fuel consumption increase in ’23, below pre-pandemic peak
US jet fuel consumption increased for the third consecutive year in 2023 but remained 5 per cent below the 2019…
JPMorgan lowers emerging market default forecast
JPMorgan revised its forecast for emerging market (EM) corporate defaults on Monday, citing the most significant…
Polar Semiconductor to secure $120m grant from US gov.
Polar Semiconductor is poised to secure a $120 million grant from the US government to enhance its Minnesota-based…
UAE’s Emirates airline profit hits $4.7b in ’23
UAE’s Emirates Airline, the long-haul carrier reported a record profit of $4.7 billion in 2023, as per the…
Egypt to boost private sector with IFC – minister
In a bid to bolster Egypt's private sector, Rania Al-Mashat, the Minister of International Cooperation and Governor…
Zambia’s currency plunges to historic low vs USD
Zambia's kwacha plunged to a historic low against the US dollar On Wednesday, hitting 27.30, a manifestation of…