Economy & Trade
Follow global economies, trade deals, inflation, markets, jobs, business policy, currencies and financial developments.
Ecobank to join China’s CIPS system to facilitate direct yuan settlements across Africa
2 weeks ago
Ecobank to join China’s CIPS system to facilitate direct yuan settlements across Africa
Jeremy Awori, Chief Executive Officer of Ecobank, stated that CIPS is a critical component of the infrastructure supporting international RMB…
U.S.-Russia Diesel Pact Unlikely to Ease Record Highs Amid Global Energy Shock
2 weeks ago
U.S.-Russia Diesel Pact Unlikely to Ease Record Highs Amid Global Energy Shock
Despite the scale of the new supply commitment, energy policy experts express significant doubt that the pact will materially lower…
Diesel prices hit record highs, prompting executive order on tax-free fuel
2 weeks ago
Diesel prices hit record highs, prompting executive order on tax-free fuel
The White House estimates that truck drivers could save more than $100 per fueling under the new directive. However, data…
EU Budget Talks Hit Impasse as Ireland Proposes 8% Cut Amid Competing National Interests
2 weeks ago
EU Budget Talks Hit Impasse as Ireland Proposes 8% Cut Amid Competing National Interests
The core of the disagreement lies in which sectors bear the brunt of the savings. The Irish proposal targets global…
Europe’s Investment Gap: Why the Proposed EU Budget Falls Short of Strategic Needs
2 weeks ago
Europe’s Investment Gap: Why the Proposed EU Budget Falls Short of Strategic Needs
Recent assessments of the proposed budget reveal a significant disconnect between political ambition and fiscal reality. The analysis focuses on…
BMW to Cut 8,000 Jobs via Voluntary Exit as German Auto Sector Faces Structural Challenges
2 weeks ago
BMW to Cut 8,000 Jobs via Voluntary Exit as German Auto Sector Faces Structural Challenges
CEO Milan Nedeljkovic, who assumed the role in May, is leading this restructuring after issuing a major profit warning last…
UK House Prices Flatline in September as Mortgage Costs Squeeze Buyer Demand
2 weeks ago
UK House Prices Flatline in September as Mortgage Costs Squeeze Buyer Demand
The lack of price movement comes after a notable 0.3% decline in August, which represented the first fall in house…
Dutch Regional Transport Workers Launch Weekly Strikes Through Christmas Over Stalled Wage Talks
2 weeks ago
Dutch Regional Transport Workers Launch Weekly Strikes Through Christmas Over Stalled Wage Talks
The strikes affect approximately 13,000 employees, primarily bus drivers, working for major operators including Arriva, EBS, Qbuzz, Keolis, Transdev, and…
Pakistan’s Fuel Crisis: Domestic Levies and Global Shocks Drive Petrol Past Rs 400
2 weeks ago
Pakistan’s Fuel Crisis: Domestic Levies and Global Shocks Drive Petrol Past Rs 400
The official narrative attributes these hikes primarily to international pressures. As a major oil importer, Pakistan is exposed to global…
UniCredit Accelerates Commerzbank Takeover, Targeting Control by Early 2027
2 weeks ago
UniCredit Accelerates Commerzbank Takeover, Targeting Control by Early 2027
Group CEO Andrea Orcel intends to convene an extraordinary general meeting to facilitate this change. At this meeting, the entire…