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Euro Economy is Heading Toward a Golden Period

Euro Economy is Heading Toward a Golden Period

Europe is no longer the sick man of the world economy. The 19-nation bloc is already enjoying the strongest growth in a decade and now economists at Credit Suisse Group AG and Oxford Economics are declaring that it’s heading toward a golden period of low-inflationary expansion. The turnaround is striking for a region that plunged from […]

Nigeria Drops To 127th Place On WEF’s Global Competitiveness Index

Nigeria Drops To 127th Place On WEF’s Global Competitiveness Index

Nigeria has dropped three places to the 127th position on the latest World Economic Forum’s (WEF) Global Competitiveness Index (GCI) for 2016-2017, out of 138 countries surveyed. The country was previously ranked 124th on the index. At 127th position, Nigeria only performed better than Madagascar, Yemen, Venezuela, Congo DR, Liberia, Sierra Leone, Burundi, Mozambique, Chad, […]

World Maritime Day: ‘Shipping:Indispensable To The World’

World Maritime Day: ‘Shipping:Indispensable To The World’

The theme for World Maritime Day 2016 is “Shipping: indispensable to the world”. The theme was chosen to focus on the critical link between shipping and global society and to raise awareness of the relevance of the role of IMO as the global regulatory body for international shipping. The importance of shipping to support and […]

UK Joins Greece At Bottom Of Wage Growth League

UK Joins Greece At Bottom Of Wage Growth League

Britain has suffered a bigger fall in real wages since the financial crisis than any other advanced country apart from Greece, research shows. A report by the TUC, published on Wednesday, shows that real earnings have declined more than 10% since the credit crunch began in 2007, leaving the UK equal bottom in a league […]

Brexit: Pound Plunges To 30-year Lows As EU Fears Bite Into Global Markets Again

Brexit: Pound Plunges To 30-year Lows As EU Fears Bite Into Global Markets Again

The pound sank to three-decade lows and Asian share markets fell on Wednesday as fears over Brexit and instability in the European Union returned with a vengeance. Sterling was again a major casualty, sinking under $1.30 in fast-moving trade. It hit its lowest since 1985 when it got down as deep as $1.2565. In wild […]

Africa’s Urbanisation ‘Megatrend’ Needs To Deliver Growth, Says Report

Africa’s Urbanisation ‘Megatrend’ Needs To Deliver Growth, Says Report

More than half of all Africans are expected to live in cities by 2050, so policymakers must ensure this “megatrend” acts as a catalyst for development and growth, and does not result in millions of people eking out precarious existences in slums, according to the latest African Economic Outlook. The study (pdf), produced by the […]