Corruption crippling African economies – Buhari

President Muhammadu Buhari in New York at the weekend urged African leaders to fight tirelessly to get rid of corruption, lamenting that the continent has remained at the far end of global development index because of its menace. The president spoke in his capacity as the African Union champion on efforts to eliminate corruption in … Continue reading Corruption crippling African economies – Buhari

Which way, Nigeria?

NIGERIAN NAIRA IS FAST BECOMING THE WEAKEST CURRENCY IN AFRICA, AS CHOICE OF PRESIDENT OF NIGERIA IS POOR AND WEAK BOTH ACADEMICALLY AND EDUCATIONALLY. See and judge your economy👇👇👇👇 South Africa: Rand 1= ₦79 Angola: 1Kwanza = ₦12 Botswana: 1Pula = ₦28 Cape Verde: 1Escudo = ₦8 Algeria: 1Dinar = ₦12 Egypt: 1Pound = ₦35 … Continue reading Which way, Nigeria?

Buhari congratulates new British Prime Minister, Liz Truss

The President, Major General Muhammadu Buhari (retd.), on Tuesday, congratulated the new Prime Minister of Britain, Liz Truss, on her assumption of “this trusted position of leadership”. Truss, who served as foreign secretary until her emergence, defeated top contender Rishi Sunak on Monday under the Conservative Party. This is according to a statement signed by … Continue reading Buhari congratulates new British Prime Minister, Liz Truss

UK automobile industry facing ÂŁ90 million energy cost hike

New analysis reveals UK auto manufacturers face ÂŁ90m uplift in energy bills this year as costs surge 50%.Sector already spends ÂŁ50m more per annum for energy than EU counterparts, with the UK having some of the highest electricity costs in Europe.Industry calls for urgent action as UK’s ÂŁ21.2bn auto supply chain races to meet accelerated … Continue reading UK automobile industry facing ÂŁ90 million energy cost hike

Number of births in China falls to a record low level

On Monday, statistics showed Mainland China's birth rate has dropped to a record low of 7.52 births per 1,000 people in 2021, compared with 8.52 births per 1,000 in 2020. Photo by Pixabay on Pexels.com The new figures continue a downward trend that forced the government to allow couples to have up to three children … Continue reading Number of births in China falls to a record low level

Rising cost of food hurts US food banks

This will be the most expensive Thanksgiving in America in years because of high food prices, which also are hurting many of the nation's food banks on which tens of millions of people in the US rely. Photo by Norma Mortenson on Pexels.com Nearly every component of the Thanksgiving feast, from the turkey to the … Continue reading Rising cost of food hurts US food banks

Bank of England sets financial plan to improve UK economy

The Bank of England (BoE) said on Thursday, August 5, it could see a modest reduction ahead in the huge support it has provided to Britain's economy during the COVID-19 pandemic and set out how it could gradually tighten monetary policy. Photo by Anthony on Pexels.com For now, the central bank decided to keep its stimulus at full speed, … Continue reading Bank of England sets financial plan to improve UK economy

COVID-19: Paris plans 3-week lockdown, in a bid to ‘reopen everything’

The city of Paris is considering proposing a three-week lockdown in a bid to “reopen everything” in the City of Lights afterwards, the deputy mayor said Thursday, calling the current nighttime curfew a “half-measure” and a “semi-prison” that never ends. In an interview with French broadcaster Franceinfo, Deputy Mayor Emmanuel GrĂ©goire said that the left-wing run city … Continue reading COVID-19: Paris plans 3-week lockdown, in a bid to ‘reopen everything’

Italy shaken by the coronavirus as recession looms

The focal point of the coronavirus emergency in Europe, Italy, is also the region's weakest economy and is taking an almighty hit as foreigners stop visiting its cultural treasures or buying its prized artisanal products, from fashion to food to design. Europe’s third-largest economy has long been among the slowest growing in the region and … Continue reading Italy shaken by the coronavirus as recession looms

How wealthy Singaporeans see the U.S.-China trade war

    Singaporean Prime Minister Lee Hsien Loong has warned that the trade war between the US and China could impact the growth of the affluent city-state. Image: Prime Minister Lee Hsien Loong In his New Year’s message, Lee expressed that the trade tensions between the two major superpowers could force others to pick sides. … Continue reading How wealthy Singaporeans see the U.S.-China trade war

Investors fear uncertainties surrounding Nigeria’s 2019 elections

  Nigeria’s economy faces continuous decline in investment inflows ahead of 2019 elections, some analysts who spoke to Business Day have said. Projections from the analysts are a result of the recent decline in capital importation numbers from Q2 2018, and especially as cloud of uncertainties surrounding the 2019 elections increase averseness to investing in … Continue reading Investors fear uncertainties surrounding Nigeria’s 2019 elections

Lessons learned from the Greek Financial Crisis

  The principles of Keynesian economic theory are considered as effective financial intervention plans and are very effective in resolving economic crisis (Keynes., 1936), especially when governments “responsibly” apply them with clear understanding of the current situation and future forecasts. This is one of the reasons an economic index from the Heritage Foundation ranked Greece … Continue reading Lessons learned from the Greek Financial Crisis