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.
Just eight individuals, all men, own as much wealth as the poorest half of the world’s population, Oxfam said on Monday (January 16) in a report calling for action to curtail rewards for those at the top. Jacob Greaves reports. Continue reading
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.
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
A new French labour law gives employees the “right to switch off” from email, smartphones and other electronic leashes to preserve off-hours and holiday time.
The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase. Here’s a look at the U.S. Federal Reserve’s decision-making process. Travis Hartman reports. Continue reading
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.
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
Four billion dollars for a multi-year budget for the planes that comprise Air Force One is not going to make a dent in a $4 trillion a year federal government budget, says Max Wolff, market strategist at 55 Capital.
African states must look to their own talents and work more closely together if the continent is to progress, Algeria’s prime minister tells business leaders at an Algiers investment forum.