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Lagos, South Africa and New York
Monday, September 21, 2020

Most people think capitalism does more harm than good, survey shows

78% of respondents to Edelman’s Trust Barometer agreed that elites are getting richer while regular people struggle In the U.S., 43% believed they would be better off in five years’ time, down on last year’s figure Most workers expect their CEOs to speak up on issues such...

The world’s 2,153 billionaires have more wealth than 4.6 billion people combined, Oxfam says

The world’s 2,153 billionaires have more wealth between them than a combined 4.6 billion people, according a new study by Oxfam. The charity urged policymakers to increase taxes on the world’s wealthiest by...

IMF: Outlook for global economy ‘remains sluggish’ as it cuts growth forecasts

The Washington-based institution forecast in October a global growth rate of 3% for 2019 and of 3.4% for 2020. The IMF has now revised down those forecasts to 2.9% and 3.3%, respectively. ...

Big automakers woo West Africa’s 382M younger generation with car loans deal

Volkswagen AG and Nissan Motor co are among automakers planning new plants in Ghana to target West Africa’s 382 million people. Their challenge: Finding banks that will offer loans to make new cars affordable. In a country where about 70% of imports are second-hand, new...

US-China trade deal to ease global uncertainty -IMF chief

The signing of a Phase 1 trade agreement between the United States and China will reduce – but not eliminate – uncertainty that has dampened global economic growth, IMF Managing Director Kristalina Georgieva said on Friday. Speaking at an event at the Peterson Institute for...

How do smallholder farmers fit into the big picture of world food production?

Worldwide 500 million smallholder farmers support a total of 2 billion people. A debate taking place in London next Monday (28 January) will put these producers at the centre of a discussion about ways to develop an agricultural model that will sustainably feed...

This is what China agreed to buy from the US in the phase one trade deal

China agreed to purchase an additional $200 billion in U.S. goods over the next two years as part of the “phase one” trade deal. The additional purchases will come on top of the 2017 U.S. export numbers. The composition of that additional $200 billion is as...

Germany posts worst annual growth since 2013

The German economy grew at 0.6% in 2019, according to Destatis, but it is the weakest expansion since 2013. The expansion in gross domestic product (GDP) was in line with forecasts from economists polled by Reuters. ...

Standard Chartered CEO says the global economy is inching back to ‘normal’

“The good news is the state of the world is returning to something a little bit closer to normal,” said Bill Winters, chief executive of British bank Standard Chartered. He pointed out that the U.S. and...

From economic pressures to disruptive technology,2020 outlook dips for global banks, Moody’s say

The outlook for the global banking sector has dipped to negative from stable amidst weak economic growth, low rates and challenging operating conditions, declared Moody’s Investors Service in a release published Dec. 5. “Risks are on the downside for banks,” said Simon Ainsworth, associate managing...
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