Tag: demand

COVID-19: World’s largest shipping firm expects 25% drop in container demand

Shipping giant A.P. Moller-Maersk on Wednesday warned of a sharp contraction in container demand over the coming months, citing the “profound impact” of the coronavirus pandemic on global trade.

Sony’s PlayStation VR headset sales top 1 million units

Sony Corp has sold more than one million units of its virtual reality (VR) headset globally.

Saudi energy minister says 9-month extension is the ‘safe bet’ which should do the trick

Oil prices fell on Thursday morning as traders reacted to comments from OPEC delegates ahead of a widely anticipated extension of the OPEC-led production cut agreement.

Ivory Coast to build 25 MW solar power station

Ivory Coast plans to build a 25-megawatt solar power plant in the north of the country as it seeks to bolster a strained power grid with renewables, a government spokesman said on Wednesday.

S.Africa's private sector expands at slower pace in January

Companies surveyed reported a marginal increase in new business and output in January, but that was countered by a decrease in exports.

South Africa's Q3 current account deficit widens

Exports fell during the quarter, resulting in a trade deficit of 4 billion rand.

OPEC in first joint oil cut with Russia since 2001

Non-OPEC Russia will also join output reductions for the first time in 15 years

Ericsson bets on fast-growing broadband demand in Africa

"We are expecting in the next five to six years at least 80 percent of deployed infrastructure to be 3G and 4G mobile broadband."