Global Economy

Sub-Saharan Africa benchmark rates on hold in Nov

Sub-Saharan Africa benchmark rates on hold in Nov

 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 …

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It`s illegal to contact employees after work in Portugal

It`s illegal to contact employees after work in Portugal

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. …

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China`s climate deal sparks optimism

China`s climate deal sparks optimism

A collective declaration within the United States and China, where the two superpowers stated they would work together on several climate-related actions, has surprised many. The declaration came on Wednesday during the COP26 climate change summit in Glasgow, Scotland. The order includes several issues, from lowering carbon dioxide and methane emissions to stopping illegal deforestation. …

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