Business

WASHINGTON, Jan 11 (NNN-AGENCIES) — Global growth is expected to slow “perilously close” to recession in 2023, the World Bank said, slashing its economic forecast on high inflation, rising interest rates and Russia’s invasion of Ukraine.Economists have...

Growth in emerging market and developing economies will be hit hard over the next two years, according to the World Bank’s latest Global Economic Prospects report.Globally, growth continues to slow sharply due to rising inflation and interest rates, re...

The Unemployment Insurance Fund (UIF), an entity of the Department of Employment and Labour, has resumed its campaign of processing and paying Unemployment benefits to former teaching and general assistants in the KwaZulu-Natal Province. ...

BEIJING — China's new Foreign Minister Qin Gang is starting his term with a weeklong trip to five African countries, the Foreign Ministry announced Monday.Qin, who until recently was ambassador to the United States, will visit Ethiopia, Gabon, Angola, ...

TUNIS, Tunisia’s President Kais Saied has dismissed the country’s minister of trade and export development, Fadila Al Rabhi, it was announced on Friday.The move comes amid an economic crisis and record inflation in the North African country.The annual ...

PARIS, World food prices fell for a ninth month in a row in December but hit their highest level on record for the full year in 2022, UN data showed.Food prices soared to a monthly record high in March after Russia invaded agricultural powerhouse Ukrai...

CAIRO, The Egyptian pound further weakened against the U.S. dollar, whose exchange rate jumped yesterday from about 24.7 to about 26.49 pounds, according to data on the website of the Central Bank of Egypt (CBE).It is the largest single-day decline of ...

HARARE— Zimbabwe’s main political parties have started preparing for the country’s general elections in 2023 as they hold rallies and campaign activities in cities and towns to whip up their support bases.The Zimbabwe Electoral Commission has yet to an...