Category Archives: Economy

16Jan/17

Sterling skids to three-month low as “hard Brexit” fears bite

Sterling skids to its lowest levels – bar a “flash crash” in October – in 32 years on Monday, hit by fears that Prime Minister Theresa May will say on Tuesday that Britain is set for a “hard” Brexit out of the EU and its single market.

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12Jan/17

Zambians worried at soaring costs as economy struggles

Zambia’s economy has been growing at a sluggish rate averaging three percent per annum since copper prices dipped two years ago. The cost of living and doing business has been soaring in the process as the country faces economic challenges after the government cut fuel subsides last year causing a 39 percent price hike in petrol, analysts say.

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12Jan/17

Divided societies, rising populism top risk list at Davos

Divided societies, rising populism and fears for the world’s climate top the list of risks facing politicians, central bankers and business leaders gathering in Davos next week, says the WEF. Rosanna Philpott reports. Continue reading

12Dec/16

Women from South Africa’s townships make profits promoting cookies

A group of women from disadvantaged backgrounds in South Africa have found a way to support their families by baking and selling cookies through an initiative that employs women from townships and enables them learn new skills and earn a regular income.

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09Dec/16

China ready to outplay Trump: analyst

Beijing says cooperation between the U.S. and China must continue despite critical comments made about China by President-elect Donald Trump. One analyst says, “if Trump thinks he’s going to out-negotiate the Chinese he’s got another thing coming”. Mana Rabiee reports. Continue reading