Tag: United States
The number of companies listed on the world’s stock markets has collapsed, over the past two decades. In South Africa, the United States and the United Kingdom the number has been reduced by half. Some have raised their concerns, over what they call a “delisting crisis”. Yet, in many Asian economies, the number of listed companies has doubled. CNBC Africa spoke to Kondi Nkosi, Country Head for South Africa at Schroders to unpack the reasons behind these differences.
The United States has set a raft of conditions in the on-going Free Trade Agreement negotiations with Kenya. These conditions include Kenya openly supporting Israel's political and commercial interests. Meanwhile, lobby groups in Nairobi have raised a petition opposing the negotiations, unless there is clarity on the issue of tax exemptions. CNBC Africa spoke with Leonard Wanyama, Coordinator of the East Africa Tax & Governance Network for more.
U.S. Secretary of State Mike Pompeo approved the Trump administration plans to withdraw some foreign aid to Ethiopia as the United States mediates tension over the Grand Ethiopian Renaissance Dam, a decision that could escalate tensions between Washington and Addis Ababa. Economic Analyst, Samuel Getachew joins CNBC Africa for more.
The United States is counting down the days of a very important presidential election taking place on the 3rd of November. What will this election mean for trade relations with South Africa and what are the investment opportunities for U.S companies in South Africa. Joining CNBC Africa for more is Lana Marks, United States Ambassador to South Africa.
Deteriorating relations between the U.S and China despite the Covid-19 pandemic has led to tit-for-tat consulate closures as China orders the shutdown of the U.S consulate in Chengdu.
Energy company Halliburton Co said it intends to close more than 100 facilities. Financial services company State Street Corp said it is going to nearly double the workers assigned to one office before adding additional space, based on the assumption that a significant portion of its workforce will continue to work from home even after a vaccine for COVID-19 emerges. Bedding company Sleep Number Corp plans to slow the growth of its total square footage as more consumers shop online.
Officials from Mexico to Japan are already on edge. Exports have taken a hit in Germany, and Canada looks south warily knowing that any further hit to U.S. growth will undoubtedly spill over.
(Reuters) - China’s embassy in Myanmar on Sunday accused the United States of “outrageously smearing” the country and driving a wedge with its Southeast Asian neighbors over the contested South...