LONDON (Reuters) – The International Monetary Fund has urged default-stricken Zambia to strike a debt restructuring deal with its international…
UAE expects GDP growth of 6.5% this year, beyond 7% next year
DUBAI (Reuters) – The UAE’s GDP is expected to grow 6.5% this year, and more than 7% next year, the…
Kenya’s economic growth to slow to 5% next year, World Bank says
NAIROBI (Reuters) – Kenya’s economic growth will slow down to 5% next year from an estimated 5.5% this year, the…
Ghana hoping for IMF agreement by next week: finance ministry official
By Cooper Inveen and Christian Akorlie ACCRA (Reuters) – Ghana’s economic recovery efforts could be delayed and complicated if a…
Egypt expecting approval of IMF package next week-deputy minister
CAIRO (Reuters) – Egypt is expecting approval of a new $3 billion Extended Fund Facility package from the International Monetary…
Poor countries’ debt servicing is the costliest since 2000 – World Bank
By Rodrigo Campos NEW YORK (Reuters) – The poorest countries in the world now spend over a tenth of their…
Airlines see return to profit in 2023, clash with airports
By Emma Farge GENEVA (Reuters) -Global airlines are predicting their first industry-wide profit since 2019 next year as air travel…
Australia sues AmEx on alleged breach of credit card distribution laws
(Reuters) -The Australian securities regulator on Tuesday took the local unit of American Express Co (AmEx) to court alleging two…
Factbox-How governments are trying to ease inflation pain
(Reuters) – Pandemic-related disruptions to global supply chains and the knock-on effects of Russia’s war in Ukraine have driven up…
Moody’s sees ‘very high’ foreign exchange risk for banks in Ukraine, Turkey
LONDON (Reuters) – Banks in countries such as Ukraine and Turkey face a “very high” risk from restrictions on capital…