Hong Kong is officially in a recession, according to third-quarter results released Thursday. It contracted 3.2 per cent from July to September, a stark contrast to the 0.5-per cent downturn in the previous three-month period. On a larger scale, the...
China’s consistent GDP growth has been a miracle, which has remained well above the 6% mark during the last three decades. But steady declines in 2019 seem to suggest that that miracle is slowly but surely disappearing. The fears have...
China is increasing its state-backed media presence in Africa in an effort to increase its soft power. The soft-power approach is a compliment to China’s growing business influence in a continent that is now more than $143bn in debt to...
World Bank data shows an increasing trend of indebtedness in the world’s emerging regions since 2012. Will this debt be a precursor to higher development, or instead to a decline? The trends of debt owed to foreign lenders by four...
He’s connected one-third of the world, and now he wants a piece of what makes it go round. That’s Mark Zuckerberg and his ambitious new Libra project – a Facebook-borne digital currency announced earlier this year. It’s a typically vaulting...
China’s international dominance is well-known, but does it have what it takes to become a global hegemon? Some might argue that it’s lacking an international approach while comparing the country to the United States whereas others suggest the Asian giant...
“The economy is booming”, a Trump tweet read on Friday, just before the Treasury Department announced the latest deficit figures. One of President Trump’s promises had been to reverse the federal deficit within eight years. After his second completed fiscal...
Venezuela’s record inflation (latest figure – 1,000,000%) and the collapse of its economy, has had an effect on its population. Consequently, how will the state of Venezuela’s economy and its population will affect Latin America? The repercussions of Venezuela’s possible...
Nigeria has closed its borders, following the examples of Kenya, Rwanda, Sudan and Eritrea. On March 21 2018, the African Continental Free Trade Movement was signed. The agreement was designed to strengthen the continent from the inside, without Africa’s previous...
Due to growing pressure on US companies to shift their bases from China, India has emerged as a frontrunner for US giants, such as Apple and Microsoft, to expand their bases. Taiwan’s Foxconn, the largest electronics contract manufacturer in the...