Economy
African trade bloc COMESA introduces digital payment system.
The Common Market for Eastern and Southern Africa (COMESA) has launched a Digital Retail Payments Platform (DRPP) designed to enhance cross-border trade among...
Stocks inch upward as markets consider effects of potential US shutdown
Global stock markets saw modest gains as investors assessed the implications of a U.S. government shutdown that began on October 1. The MSCI...
Thousands of jobs threatened in Africa as US trade agreement comes to an end
The African Growth and Opportunity Act (AGOA), a critical U.S. trade agreement granting duty-free access to American markets for eligible African countries, is...
Trump Administration Backs One-Year Extension of Africa Trade Program
The Trump administration has announced support for a one-year extension of the African Growth and Opportunity Act (AGOA), which offers duty-free access to...
South Africa and China to Promote Investment Following Increase in US Import Tariffs
In response to the United States’ recent imposition of a 30% tariff on South African imports, South Africa and China are actively working...
EU Economy Lags Behind Global Competitors Due to ‘Complacency’, Warns Mario Draghi
Mario Draghi has warned that the European Union's economic competitiveness is declining due to complacency and political inaction. A year after the European...
Federal Reserve Divided on Interest Rate Cuts
The Federal Reserve is set to make its first interest rate cut of 2025, with a 0.25 percentage point reduction expected in the...
Europe’s Upcoming Major Challenge: Bridging the Energy Security Gap
Europe is facing a significant challenge in addressing its energy security divide, which has become increasingly apparent in recent years. The European Union...
South Africa Dispatches Delegates to the U.S. for Trade Negotiations During Tariff Disagreement
South Africa has sent government representatives to the United States for trade negotiations aimed at reducing a recently imposed 30% tariff on its...
OECD Lowers Worldwide Growth Projections
The Organisation for Economic Co-operation and Development (OECD) has downgraded its global economic growth projections due to rising trade tensions and persistent inflation....
