Long delays in Zambia’s debt restructuring have hamstrung much needed investments, curtailed economic growth, weighed on local financial markets and added to living costs for its people, Finance Minister Situmbeko Musokotwane told Reuters. Zambia defaulted three years ago and is…
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China’s central bank on Monday said it will fend off systemic risks to the economy and guide financial institutions to resolve local debt risks, laying out general guidelines for the country’s economic and financial policies. In its third quarter policy…
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Masahiro Moro told Fortune that consumers are still not sold on electric vehicles, with EVs making up just a fraction of the US market and cars piling up in dealerships as demand slows. “EV is absolutely important technology, and we…
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Joining the bullish bets on the stock market next year is RBC Capital Markets, which expects the S&P 500 to hit a record high next year. In a note published Wednesday, RBC analysts forecasted the benchmark index to end 2024…
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Malawi needs nearly $1 billion in debt relief from its creditors by 2027, according to the International Monetary Fund’s announcement on Wednesday. The country is faced with severe shortages of essential items such as medicine, fuel, and fertilizers, primarily attributed…
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On Thursday, President William Ruto of Kenya announced the government’s intention to privatize 35 state-owned companies. His administration is also considering the privatization of another 100 firms following the recent enactment of a law aimed at reducing bureaucratic processes. According…
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Ethiopia is preparing to introduce its local currency securities exchange platform next year, and as part of that preparation, it plans to loosen its prohibitions on foreign involvement in its domestic financial markets. Over the past two years, the nation…
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Ross Gerber, president and CEO of Gerber Kawasaki Wealth & Investment Management who has for years vocally supported Tesla stock as an investor himself and an advisor, told CNBC Thursday Musk has “already stepped aside” as CEO of the electric…
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The UK Supreme Court decided on Wednesday that an asylum agreement with Rwanda was illegal, noting the likelihood that refugees transported to Kigali may be repatriated to the countries from which they fled, subjecting them to even more harsh treatment.…
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The Indian wings of the three tech titans—Apple, Google, and Amazon—are currently under the scrutiny of the Income Tax Department. The probe, initiated in 2021, focuses on possible tax evasion committed by these multinational corporations. The crux of the investigation…
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