The new EU-Mercosur deal will have both positive and negative impacts on the economies of four South American countries and the EU. Argentina, Brazil, Paraguay and Uruguay, and specifically their exporting industries, should see a rise in revenue due to...
Egypt’s removal of fuel subsidies rids the state budget of a heavy burden, instead transferring the burden to tens of millions of consumers. “The fuel subsidy removal will likely have inflationary effects,” said economist Abdel Qadir Ramadan. “This means that...
Failure to collect taxes, abysmally low foreign investment and chronic fiscal mismanagement are some of the reasons why Pakistan has repeatedly found itself at the doors of the International Monetary Fund. But as the government, led by former cricketer-turned-politician Imran...
At the 2018 China-Africa Cooperation forum, President Xi Jinping committed Africa and China to the future of globalisation, investing $60 billion in Africa’s financial and infrastructural development. President Xi’s investment aims to foster sustainable economic growth in Africa, with a...
In June, she appeared on the American TV show “The Daily Show with Trevor Noah.” Asked why she took over the IMF in the midst of the financial crisis, Christine Lagarde quipped: “Whenever the situation is really, really bad, you...
‘Redneck’ is a slang American term for “a working-class person, especially a politically reactionary one, from a rural area.” It has nothing to do with race. Most people think that this is this kind of person who supports US President...
Since becoming US President, Donald Trump has enjoyed a period of economic certainty. John Williams, the President of the Federal Reserve Bank of New York, remarked that the economy ‘is in a good place.’ Bloomberg reported that Atlanta-based money merger...
Chinese oil tankers are taking new steps to skirt United States sanctions on Iran, according to a report from The New York Times. Since US President Donald Trump restored sanctions over alleged nuclear violations, the US government has been actively...
It’s hard to overstate the scale of the City of London. Generating as much money as Germany’s behemoth automobile industry – some $150bn a year – it is the world’s largest financial centre. It hosts 37% of the globe’s currency...
(Cairo) Sudan’s political rivals have to quickly revert to political tactics and start fixing their country’s economic problems before these problems get worse, specialists have said. The poor African country’s politicians and Ruling Military Council have failed in seeing the...