Business

Botswana expects 2025 economic growth rebound on better diamond market

Local workers queue to buy food at a makeshift food shops near a construction site of the Central Business District (CBD) in the capital Gaborone, Botswana, September 21, 2018. Photographer Siphiwe Sibeko/File Photo By Reuters Botswana’s economy is expected to grow 3% to 4% in 2025 after a contraction last year, a senior government official

Read More

Sterling dips after data shows slower UK economic growth

Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester, Britain, Septem,ber 21, 2018. Photographer Phil Noble/File Photo By Reuters The pound fell on Thursday after data showed the British economy grew more slowly than expected in November, which could give the Bank of England more room to

Read More

Shell writes down Namibia oil discovery in blow to country

The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. Photographer Chris Helgren/File Photo By Reuters Shell opens new tab will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in

Read More

China-Africa cooperation energizes Global South growth

Containers are being loaded onto a truck at Lekki Port in Lagos, Nigeria, on Nov. 30, 2024. Lekki Port, a commercial cooperation project constructed by China Harbour Engineering Company Ltd., stands as Nigeria’s first deep seaport and one of the largest of its kind in West Africa. Photographer Wang Guansen By Xinhua News Agency As

Read More

Turkey’s defence exports hit record $7.2B in 2024

By Anadolu Agency Turkey’s defence and aerospace industry achieved a significant milestone in 2024, recording $7.2 billion in exports, a 29% surge from the previous year, head of the Turkish Defense Industries Secretariat said on Friday. This achievement surpasses the year’s defence export target of $6.5 billion by 11%, Haluk Gorgun announced on X platform.

Read More

Deep dive dents bullish year in U.S. equity market with mixed expectations in 2025

A monitor displays stock market information on the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on Aug. 5, 2024. Photographer Michael Nagle By Xinhua News Agency Though a “hawkish” rate cut by the Federal Reserve recently plunged the U.S. stock markets, the overall performance of major indices

Read More

UK economy flat-lined in third quarter, in new setback for government

A woman walks across the road with her dog on the high street of Richmond, in London, Britain, October 11, 2024. Photographer Jaimi Joy/File photo By Reuters Britain’s economy failed to grow during the first three months of Prime Minister Keir Starmer’s new government, official figures showed on Monday, adding to signs of a slowdown

Read More

Pound rocked by tough-talking Fed ahead of BoE decision

Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. Reuters Dado Ruvic/Illustration/File Photo By Reuters Sterling inched higher on Thursday as it recovered some of its steep losses suffered late on Wednesday when the U.S. Federal Reserve officials sent the dollar surging by scrubbing out two rate cuts from next

Read More

Equinor completes Nigeria, Azerbaijan asset sales of up to $2 billion

The logo of Equinor is set up at the entrance of a building at Western Europe’s largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024. Photoghrapher Lisi Niesner/File Photo By Reuters Equinor, opens new tab has closed the planned sale of its assets in Nigeria and Azerbaijan for a total consideration

Read More

World trade at new peak but 2025 uncertain amid US tariff threat

Cargo ships and containers are seen at Qingdao port in Qingdao in eastern China’s Shandong province, Dec. 4, 2024. Photo/ AFP By AFP Global trade has hit a new peak this year but faces an uncertain outlook in 2025 because of the threat of trade wars, the United Nations said on Thursday. The U.N. trade

Read More