World Bank slashes global growth forecast to 2.9%, warns of ‘stagflation’ risk
The war in Ukraine had magnified the slowdown in the global economy, which was now entering what could become “a protracted period of feeble growth and elevated inflation,” the World Bank said in its Global Economic Prospects report, warning that the outlook could still grow worse.
Just 10 days ahead of a runoff that will determine who will lead the European Union’s second-largest economy for the next five years, polls show the centrist president is slightly ahead of his far-right rival, but the contest promises to be tight.
Mboweni, who served as Finance minister of South Africa from 2018 to 2021, stressed that a PFM law cannot achieve much without the acceptance and active support of a country’s political leadership, specifically the presidium and cabinet.
Boxing star Manny Pacquiao said on Sunday he will run for president of the Philippines next year, after railing against corruption in government and what he calls President Rodrigo Duterte’s cozy relationship with China. -REUTERS
Most of us have studied at least one foreign language in school. We studied vocabulary, sentence structures, formal and casual expressions, etc. This allows us to read and write in that language.Not as much emphasis is placed on speaking the language in school classrooms, however. And students who plan to travel to a foreign country, […]
The Germany Africa Business Forum (GABF), a private sector organisation committed to enhancing sustainable economic partnerships between Germany and Africa, will host a German Pavilion at African Energy Week (AEW) 2021 in Cape Town. Driving a strong investment narrative, the pavilion is dedicated to promoting Africa’s green hydrogen and natural gas potential to accelerate the […]
Before going on the drive, be sure you and the seller buckle your saftey belts, adjust your mirrors, and obey all posted signs. Now comes the all important test drive. Before you perform this, it is best to ask the seller to correct as many yellow boxes as possible, such as low engine oil and […]
Worth only mere cents when introduced to the public in 2010, Bitcoin has, slowly but surely, risen through the ranks. The digital currency evolved from being regarded as just a computer geek and libertarian dream to one of the most cherished currencies of the contemporary era. Bitcoin, along with the crypto market, witnessed a boom […]
LONDON — Raheem Sterling will complete a remarkable journey from vilified scapegoat to England legend if the forward inspires his side to victory in today’s Euro 2020 final against Italy. Sterling has been England’s most influential player during their historic run to a first major final in 55 years. Gareth Southgate’s side are one win […]
The war in Ukraine had magnified the slowdown in the global economy, which was now entering what could become “a protracted period of feeble growth and elevated inflation,” the World Bank said in its Global Economic Prospects report, warning that the outlook could still grow worse.
Last month German Foreign minister Annalena Baerbock, a leader of the Green Party, which entered a coalition government last fall with Prime Minister Olaf Scholz’s Social Democrats, pledged that Germany would stop importing oil from Russia by the end of 2022, and wean itself off Russian natural gas as soon as possible. In the short-term, that may mean finding alternative suppliers for fossil fuels, including the United States.
BY BART STAR-JAMES United States President Joe Biden does not seem to know where he is as history slowly turns its wheels of fortune to the east. A talking head of him or an acolyte frequently appears on our screens spewing out threatening diatribes of vindictiveness and sanctions against Russia completely oblivious of the imminent […]
Just 10 days ahead of a runoff that will determine who will lead the European Union’s second-largest economy for the next five years, polls show the centrist president is slightly ahead of his far-right rival, but the contest promises to be tight.
Mboweni, who served as Finance minister of South Africa from 2018 to 2021, stressed that a PFM law cannot achieve much without the acceptance and active support of a country’s political leadership, specifically the presidium and cabinet.
Boxing star Manny Pacquiao said on Sunday he will run for president of the Philippines next year, after railing against corruption in government and what he calls President Rodrigo Duterte’s cozy relationship with China. -REUTERS
Most of us have studied at least one foreign language in school. We studied vocabulary, sentence structures, formal and casual expressions, etc. This allows us to read and write in that language.Not as much emphasis is placed on speaking the language in school classrooms, however. And students who plan to travel to a foreign country, […]
The Germany Africa Business Forum (GABF), a private sector organisation committed to enhancing sustainable economic partnerships between Germany and Africa, will host a German Pavilion at African Energy Week (AEW) 2021 in Cape Town. Driving a strong investment narrative, the pavilion is dedicated to promoting Africa’s green hydrogen and natural gas potential to accelerate the […]
Before going on the drive, be sure you and the seller buckle your saftey belts, adjust your mirrors, and obey all posted signs. Now comes the all important test drive. Before you perform this, it is best to ask the seller to correct as many yellow boxes as possible, such as low engine oil and […]
Worth only mere cents when introduced to the public in 2010, Bitcoin has, slowly but surely, risen through the ranks. The digital currency evolved from being regarded as just a computer geek and libertarian dream to one of the most cherished currencies of the contemporary era. Bitcoin, along with the crypto market, witnessed a boom […]
LONDON — Raheem Sterling will complete a remarkable journey from vilified scapegoat to England legend if the forward inspires his side to victory in today’s Euro 2020 final against Italy. Sterling has been England’s most influential player during their historic run to a first major final in 55 years. Gareth Southgate’s side are one win […]
Cryptocurrency trading has become one of the most popular forms of trading over the past few years. Debuting just around a decade ago, the concept of cryptocurrency has evolved to an extent that it has now become an important and frequently talked about element of the international markets. Cryptocurrencies often stay in the headlines every […]
SINCE the beginning of the Covid -19 coronavirus pandemic, the United States (US) government has repeatedly announced an increase in assistance to African countries to combat the consequences associated with the new disease. BY OWN CORRESPONDENT In particular, the US embassy in Zimbabwe announced the allocation of $18 million as assistance towards the Covid-19 response […]
China’s Guangzhou city says 111 Africans tested positive for coronavirus total of 111 Africans in China’s southern city of Guangzhou had tested positive for the novel coronavirus as of Monday, the Xinhua news agency said on Tuesday.
United States President Donald Trump approved the conducting of an expanded military mission to ensure the safety of oil fields in eastern Syria.
BY OWN CORRESPONDENT On October 23 to 24, 2019, the Economic Forum Russia-Africa Summit was held for the first time in Sochi, Russia. More than 6000 delegates from 104 countries attended the summit, including more than 40 heads of African States, at least 120 Foreign Affairs ministers, more than 1 900 representatives of official foreign […]
As part of the “Defender Europe 2020” exercises, armoured vehicles of 1 division of the United States Army were relocated to Lithuania.
FOR centuries France has had an undoubted special feeling for the African continent.
Zimbabwean companies in the mining supplies sector are being encouraged by the country’s national trade development and promotion organisation ZimTrade, to take advantage of opportunities in the Zambian market.