Quick Look: Wall Street Success: Dow Jones rose over 2%, marking its eighth consecutive gain; S&P 500 and Nasdaq also saw positive movements; Key Reports Ahead: April’s CPI and retail sales data are due, with expectations pointing to a 3.4% annual CPI increase and a 0.4% rise in retail sales; Corporate Earnings Focus: Upcoming earnings …
Quick Overview Resilient Growth Forecast: Economic growth is expected to rise from 3.4% in 2023 to 4.0% in 2025, despite setbacks from the COVID-19 pandemic Ghana’s Recovery Strategy: Implementing a comprehensive debt restructuring and fiscal consolidation with a $3 billion IMF support package IMF’s Optimistic Vision: Aiming for a century of growth and prosperity in …
Africa’s Economic Turnaround Amidst Global Challenges Read More »
Quick look February’s NFP numbers exceeded forecasts but were offset by significant downward revisions to January’s figures. The unemployment rate rose to 3.9%, and average hourly earnings growth slowed, suggesting a cooling labour market. The US dollar weakened, impacting GBP/USD to hit a 2024 high and gold, reaching a new record. Upcoming US CPI and …
Voters in Chile face an era-defining option. The presidential run-off on Dec. 19 will notice citizens of Latin America’s small but affluent Andean nation cast their ballots in favor of one of two outsider candidates vowing to chart wildly different paths. Polls indicate that leftist lawmaker and former student activist, Gabriel Boric, has a slight …
The omicron Covid variant is expected to spread further The WHO named variant B.1.1.529, first found in South Africa, as a “variant of concern” last Friday. Its Monday report stated that it is a highly divergent variant with a high quantity of mutations. Some of which are disturbing and may be connected with immune escape …
Major sub-Saharan African central banks will keep rates on hold this month as most developing markets proceed to delay the global recovery after the epidemic shock that upset economies over the continent, a Reuters survey discovered on Friday. Benchmark interest rates for Ghana, Nigeria, and Kenya will presumably remain on hold at 13.50%, 11.50%, and …
Sub-Saharan Africa benchmark rates on hold in Nov Read More »
Portugal has announced new labor laws, including a prohibition on bosses contacting employees outside of working hours. Portugal’s Parliament earlier this month established new labor laws. This change came following an uptick in people working from home amid the COVID-19 epidemic. A document introducing the new labor laws became public at the end of October. …
It`s illegal to contact employees after work in Portugal Read More »
Almost 200 countries chose the Glasgow Climate Pact in Scotland on Saturday at talks acknowledged as COP26, after nearly two weeks of bickering on everything from how much to curb global warming. What to state regarding fossil fuels and whether the worst-hit countries by the climate crisis should be repaid. Some declare it a success, …
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