A new four-runway airport is being built in an East African country that’s expected to have the capacity to serve a whopping 110million passengers per year. The airport, dubbed a “Mega Airport City” is being built near the town of Bishoftu, Ethiopia, 25 miles from the capital, Addis Ababa.…
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Next week’s calendar is packed with major economic reports and influential Fed speeches. However, expect continued mixed signals, with data spanning manufacturing, construction, and the jobs report. Spending on construction projects surprised to the upside at the end of 2024,…
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The world’s richest cities are spread across multiple continents. In Europe, London and Paris often compete for the top spot, while in Asia, cities like Hong Kong and Tokyo dominate. But when it comes to overall wealth, one city stands above the rest – not just on…
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Dangote Cement’s revenue hit $2.4 billion in 2024, up 62% from $1.47 billion in 2023, driven by strong Nigerian and Pan-African sales. The company posted a $335.75 million profit despite increased expenses, though Pan-African operations reported a $16.3 million loss.…
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Taiwanese chipmaker TSMC’s huge investment plan in the U.S. is adding more pressure on Samsung Electronics and SK hynix to follow suit, amid U.S. President Donald Trump’s increasing threats of tariffs and other economic disadvantages to its trade partners. TSMC…
Read moreSaudi energy giant Aramco reported a net profit of SR398.42 billion ($106.2 billion) in 2024, despite challenging market conditions, including lower prices for crude oil, refined products, and chemicals. In a press statement, the company revealed that its net profit…
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President Trump is heading to Capitol Hill tonight to deliver the first joint address to Congress of his second term. The president said Monday that Tuesday night “WILL BE BIG,” with the economy undoubtedly a major focus. But his speech also comes…
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Kazakhstan has ramped up oil production, with the country’s crude oil and gas condensate–a type of light oil- output hitting a record high of 2.12 million barrels per day in February, good for a 13% increase from January. Excluding gas condensate, crude…
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More than 44,000 new jobs are expected in Saudi Arabia after the Kingdom issued 1,346 industry licenses in 2024, an official report has revealed. The Ministry of Industry and Mineral Resources announced that the permits have also helped attract investments…
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Hong Kong is a key market for the bank to achieve its goal of accumulating US$200 billion of net new money in the next four years Standard Chartered, one of Hong Kong’s three note-issuing banks, will continue to hire additional…
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Africa’s brand new four runway airport will be continent’s largest and cost £6bn to build.
Everyday Economics: Fed caught between persistent inflation, cooling jobs market.
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