Business

Dollar near one-month low as concerns over oil prices remain subdued

U.S. dollar banknotes are seen in this illustration taken March 24, 2026. Dado Ruvic/Illustration/File Photo By Reuters The dollar hovered near its one-month low on Thursday as investors weighed subdued U.S. inflation data, which dampened rate-hike expectations, against the risk of ​a further oil price spike that could support the greenback. U.S. Treasury yields fell

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Turkish defense giant Aselsan inks $1.68B air defense systems contract with defense industry authority

By Anadolu Agency Turkish defense company Aselsan signed a contract worth approximately €1.47 billion ($1.68 billion) with the country’s defense industry authority to expand the serial production of air defense systems. The agreement was signed with Turkey’s Secretariat of Defense Industries in addition to ongoing serial production projects, Aselsan said in a statement on Turkey’s

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China, Namibia announce to build community with shared future for new era

Chinese President Xi Jinping and his wife Peng Liyuan pose for a group photo with Namibian President Netumbo Nandi-Ndaitwah and her spouse Epaphras Denga Ndaitwah prior to the talks between Xi and Netumbo Nandi-Ndaitwah in Beijing, capital of China, July 10, 2026. Xi held talks with Netumbo Nandi-Ndaitwah, who is on a state visit to

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China-Europe Railway Express spurs trade, logistics development in Poland

A cargo train runs along a freight rail line in Lodz, Poland, June 25, 2026. Photographer Yue Yuanyuan By Xinhua News Agency More than a decade ago, Filip Grzelak spent Christmas night at a border crossing, waiting for one of the first freight trains linking Chengdu in southwest China with Lodz in central Poland. For

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Top 10 African countries with the fastest-growing economies in 2026: IMF World Economic Outlook projections

By The African Exponent Economic growth projections remain a central reference point in global capital allocation because they signal where production, consumption demand, and investment activity are likely to expand ahead of realized market performance. This ranking is based on real GDP growth projections from the International Monetary Fund (IMF) World Economic Outlook (April 2026).

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Why 80% of African startup funding comes from foreign investors and what it means for local founders

Photographer Desola Lanre-Ologun/Unsplash By The African Exponent In Lagos, Nairobi, Cape Town and Cairo, the cranes of a different sort of construction project have been busy for a decade. Co-working spaces, accelerators, fintech licences and pitch decks have all multiplied. Politicians and development bankers talk earnestly of “ecosystems”. And yet for all the noise, in

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How pay-as-you-go solar financing in Africa is shifting from equity to debt

Photo by American Public Power Association /Unsplash By The African Exponent In July of last year, in offices in Nairobi and London, lawyers from Clifford Chance closed a deal that few outside the off-grid solar industry noticed. Sun King, a seller of small solar systems to East African households, raised $156m in Kenyan shillings (equivalent),

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Xi holds talks with Trump in Beijing

Chinese President Xi Jinping holds talks with U.S. President Donald Trump, who is on a state visit to China, at the Great Hall of the People in Beijing, capital of China, May 14, 2026. Photographer Ding Lin By Xinhua News Agency Chinese President Xi Jinping held talks with visiting U.S. President Donald Trump at the

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China, Mozambique upgrade ties as Xi, Chapo hold talks

Chinese President Xi Jinping and his wife Peng Liyuan pose for a group photo with President of the Republic of Mozambique Daniel Francisco Chapo and his wife Gueta Chapo ahead of the talks between Xi and Chapo at the Great Hall of the People in Beijing, capital of China, April 21, 2026. Xi held talks

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Pakistan receives $2B from Saudi Arabia to bolster reserves

By Anadolu Agency Pakistan received $2 billion from Saudi Arabia on Thursday, providing support to its foreign exchange reserves as the country faces mounting external payment obligations. The State Bank of Pakistan said in a post on the US social media platform X that it received the funds from Saudi Arabia’s Finance Ministry with a

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