IMF Africa director: Resilient Africa is not immune to headwinds
Africa's economies have shown encouraging resilience, but resilience is not immunity, warns IMF Africa director Zeine Zeidane.
Business & Economy · African Business · Latest ·
Business & Economy
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Nigeria: Scam Alert! Ignore Posts Advertising Nigeria Customs Service's Recruitment 'Replacement Form'
[Africa Check] The Nigeria Customs Service (NCS) is the government agency responsible for controlling goods entering and leaving the country.
Business & Economy · AllAfrica · Business ·
Fed’s Warsh sees AI boosting productivity but gives no signal on next rate hike
US Federal Reserve Chairman Kevin Warsh said in Bangkok on Friday that the global economy has proved surprisingly resilient and called AI the most consequential change of his lifetime, but gave no hint on interest rates ahead of the Fed’s meeting this month.
Business & Economy · Euronews · Business ·
Egyptian farmed fish approved for export by 27 EU nations
In a major breakthrough for Egypt’s agricultural export ambitions, Egyptian farmed fish has officially cleared one of the world’s toughest regulatory hurdles: gaining full approval for export across all 27 European Union member states.
Business & Economy · Egypt Independent · Egypt ·
Jindal Ferrous commissions Rs 5,000-cr blast furnace project in Odisha
New Delhi, Oct 16 (PTI) Jindal Ferrous on Friday said it has commissioned a blast furnace project set up with an investment of Rs 5,000 crore. The integrated blast furnace complex includes a sinter plant, 2.2 MTPA steel melt shop (SMS), and associated infrastructure, Jindal Ferrous said in a…
Business & Economy · ThePrint · Economy ·
India wants to push rupee trade settlement to help trade partners facing hard currency shortage: FM
New Delhi, Oct 16 (PTI) India wants to promote trade settlements in rupee to help partner countries facing a shortage of hard currencies so that they continue importing essential goods, Finance Minister Nirmala Sitharaman said on Friday.
Business & Economy · ThePrint · Economy ·
Indian IT stocks poised to beat global AI peers by most in decades
The latest survey of chief information officers globally showed stable growth in 2027. Software stocks are now the cheapest they have been since the pandemic year.
Business & Economy · ThePrint · Economy ·
Non-tariff barriers are biggest hurdle in India-China trade, says Nirmala Sitharaman
India-U.S. trade agreement would be concluded at the earliest, in the interest of global trade and bilateral economic ties between the two countries, says the Union Finance Minister
Business & Economy · The Hindu · National ·
PM Modi, Canadian foreign minister discuss concluding CEPA by year-end
The two sides discussed expanding trade and investment ties across energy, education, tech and security, with a Canadian trade mission to India as a step towards deeper Indo-Pacific engagement
Business & Economy · Business Standard · Economy ·
dLocal and Western Union expand their partnership to cover remittance payouts in Cameroon
Cameroon is the first market launching under this expansion, building on the collections partnership the two companies already run together. dLocal, the leading payments platform connecting global merchants to emerging markets, and Western Union, a global leader in cross-border money movement, have…
Business & Economy · Cameroon News Agency · Latest ·
From automakers to tech giants, investors make a beeline for Haryana industrial hubs with Rs 40k cr bet
Big-ticket investments in Haryana’s Industrial Model Townships will lead to job creation well beyond factory floors, official says. Saini govt also planning 14,000 acre expansion for IMTs.
Business & Economy · ThePrint · Economy ·
Eroding purchasing power deepens pressures on ordinary South Africans
South African households are being crippled by a cost of living crisis that does not show up in headline economic indicators. To restore their purchasing power and human dignity, there needs to be an increased focus on logistics, municipal tariffs and structural reforms.
Business & Economy · Daily Maverick · Latest (South Africa) ·
Risk of electric battery fire: VW recalls thousands of cars again
Car maker Volkswagen is recalling more vehicles in Germany, this time electric models. Faulty batteries could, in the worst case, trigger fires.
Business & Economy · Euronews · Business ·
Income after rent: How much is left across European cities?
One salary is not enough to afford a three-bedroom flat in many European city centres. Euronews Business takes a closer look at how much a working couple has left after paying the rent.
Business & Economy · Euronews · Business ·
Govt raises petrol export duty to ₹2.5/litre, cuts diesel duty to ₹8.5
The export duties are currently reviewed every fortnight and adjusted in line with movements in international crude oil and petroleum product prices
Business & Economy · Business Standard · Economy ·
EU member states set for budget clash
European lawmakers have kicked off what's likely to be a long and fierce negotiation over the bloc's seven-year budget. Member states are divided on spending priorities, and pending elections in countries including France and Italy are adding pressure to the talks in Brussels.
Business & Economy · France 24 · Business & Tech ·
UniCredit cleared by ECB to take control of Commerzbank
The European Central Bank has authorised UniCredit to exceed the 30% shareholding threshold in Commerzbank. The Italian lender expects to be able to take control of the German bank around the end of the year, subject to remaining regulatory steps and conditions.
Business & Economy · Euronews · Business ·
Sebi revises closing auction session framework, changes derivatives settlement norms
New Delhi, Oct 15 (PTI) Markets regulator Sebi on Thursday revised the framework for the Closing Auction Session (CAS), changing trading timings, and the methodology for determining settlement prices of stock and index derivatives contracts.
Business & Economy · ThePrint · Economy ·
West Asia’s war is bankrupting France, and India is next
Spot oil prices have decoupled from futures, shipping costs are soaring, and bond markets are punishing Paris. The Eurozone’s architectural flaws are at odds with the geopolitical shocks, and India’s opaque fiscal accounts hide similar exposure.
Business & Economy · Frontline · Politics ·
Economists: Hot PPI shows Fed's work is not done
'We see real risks the Fed will deliver another rate hike in two weeks' time,' one Fedwatcher warns
Business & Economy · CNBC · Economy ·
Nigeria: Nigeria's Fiscal Crisis Forced Us to Be Creative, Look Beyond Oil Revenues - Cardoso
[Premium Times] "When you are going through a crisis, it forces you to be creative," Mr Cardoso said.
Business & Economy · AllAfrica · Business ·
India's current account deficit narrows to $5.2 billion in August: RBI data
India's current account deficit narrowed to $5.2 billion in August from $6.1 billion a year ago, while strong banking capital inflows helped the BoP post a $45.4 billion surplus
Business & Economy · Business Standard · Economy ·
Russian crude flow to India steady in October. Supplies from Venezuela, Angola rise
For the first time in three months, crude from Gabon, Congo and Libya has also arrived, as Indian refiners turn to alternative suppliers amid uncertainty over Gulf shipments.
Business & Economy · ThePrint · Economy ·
Gold imports contract 81.27 pc; silver by 49.11 pc in Sep
New Delhi, Oct 15 (PTI) Gold imports contracted for the second month in a row, falling 81.27 per cent to USD 1.8 billion in September after a sharp rise in customs duty on the precious metal, according to data released by the Commerce Ministry.
Business & Economy · ThePrint · Economy ·