How war in Middle East could affect the global economy
The conflict between Israel and Hamas that erupted this week, like wars in the Middle East in the past, has the potential to disrupt the world economy and even lead…
Africa’s critical minerals attract US attention more and more
The US is stepping up efforts to strengthen ties with African countries rich in critical mineral resources to ensure security of supply, a government official said. Workshops recently held in…
US breaks its promises, once again
US and Qatar authorities have decided not to let Iran access its previously unlocked $6bn in funds for the time being in light of the Hamas attack on Israel, The…
Africa’s exports could grow by $1 trillion under trade deal
Africa’s economic prospects are looking brighter following the adoption and ratification of a free-trade accord by most of the continent’s 55 nations. According to a recent Standard Chartered report, annual…
US mortgage rates keep hitting multi-decade highs
The contract rate on 30-year fixed mortgages rose 14 basis points to 7.67% for the week ended 6 October, according to data released by the Mortgage Bankers Association on Wednesday.…
China’s largest private developer signals default, property crisis deepens
Chinese developer Country Garden Holdings Co. offered the strongest indication yet that it’s set for a maiden default and debt restructuring, in the latest sign that authorities’ rescue efforts are…