Banking turmoil has potential to trigger financial crisis
Following the failure of startup-focused lender Silicon Valley Bank, Australia's banking regulator said that it has increased bank monitoring in the country
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Elon Musk puts Twitter’s value at just USD 20 billion dollars
Since taking control over Twitter, Elon Musk has drastically reduced the workforce, lowering it from 7,500 to under 2,000.
IMF raises stagnation risk for South Africa as power outages take toll on country’s growth
International Monetary Fund delegation reported a worsening of South Africa's short-term growth prospects
Japan Airlines done deal, Ryanair next on radar: Boeing eyes a bumper 2023
JAL's narrow-body fleet is dominated by the Boeing 737-800, of which the airline currently owns 47 and leases an additional 17 aircraft
World Bank deal, Chinese metallurgy project: Egypt economy gets double boost
According to a release from the World Bank, the CPF will involve USD 2 billion over the next five years from the IFC and USD
Expensive housing market hurts Nigeria citizens further amid uncontrollable inflation
Nigeria’s inflation rate hit a fresh 17-year high of 21.91% in the early half of 2023
Amid banking crisis, Fed Chair Jerome Powell decides against relaxing monetary policies
Fed chair Jerome Powell has now called SVB an outlier that had failed badly.
Amid neck-breaking inflation, Kenya now faces higher fuel prices
After the review in mid-November of last year, fuel prices in Kenya have stayed steady
Fall in inflation, higher ratings: Saudi economy receives boosts further
According to Saudi Arabia's General Directorate for Statistics, actual rents for housing grew by 8.3% in February 2023, including a 21.4% increase in flat rents
Shell decides against ambitious goal for end-user emissions amid its increasing EV push
Shell plans to reduce its portfolio's carbon intensity by 20% by 2030 and 100% by 2050
