Tag: World Economy

Fintech won’t drain money away from banks, regulators say

The rise of fintech won't threaten the existence of banks and it is the responsibility of authorities to make sure that traditional lenders are prepared for changes in their industry, policymakers and regulators said on Thursday.

China’s latest trade partner in Africa could help it export to the US

Chinese President Xi Jinping visited the West African country of Senegal over the weekend, building trade ties which could bear fruit in terms of China’s access to U.S. markets.

For years, China shied away from global conflicts. Not anymore

Across the developing world, Beijing has engaged in mediation diplomacy, a style of conflict resolution where it's the sole or principal moderator, to protect its assets and gain recognition as a global superpower.

Google’s next A.I. research center will be in Africa

The Silicon Valley giant has said that a new artificial intelligence research hub will open in Accra, Ghana, later this year.

African countries warned against becoming a ‘fortress’ for trade by WTO

Recent progress made by African nations towards establishing the world’s largest free trade area was backed Monday by the director-general of the World Trade Organization (WTO).

Cities around the world should prepare for running out of water, experts say

Cape Town's recent water shortage crisis has raised global concern about the threat of water scarcity.

South Africa’s economic chief hints at privatization drive

A key figure in charge of South Africa's economy has hinted at his appetite for privatizing the country's ailing state-owned enterprises (SOEs)

After Brazil, is South Africa the next EM to go bad?

Could South Africa be the next major emerging market to lose its investment grade rating?