economies

The notion of “degrowth” is gaining traction among some politicians in Europe. It was given a platform recently at the European Parliament’s “Beyond Growth” conference. Jason Hickel, an economic anthropologist and one of the main advocates…

The Acropolis has stood above the city of Athens for centuries, its ancient walls and pillars withstanding war, siege and conquest. But as temperatures crested 40C across southern Europe this month, Greece’s top tourist attraction briefly…

A slowdown in global markets since the outbreak of the Russia-Ukraine war has taken the sheen off jute or the ‘golden fibre’ as it’s often referred to as.   Jute, which is 100 per cent biodegradable and therefore…

Image used for representative purpose only. | Photo Credit: K.V.S. Giri India has the highest tariffs on inputs in electronic segment among competing economies such as Vietnam and Thailand, ICEA said on July 6 citing its latest study as…

5/5 © Reuters. Workers pick green tea at a plantation in Githunguri, Kiambu County, Kenya June 8, 2023. REUTERS/Monicah Mwangi 2/5 By Duncan Miriri and Marc Jones NAIROBI/LONDON (Reuters) - As Pakistan spiralled into crisis this…

Breadcrumb Trail Links PMN Business The global economy and inflation have so far proved surprisingly resilient to a barrage of interest-rate increases, prompting top central bankers to promise more of the same on Wednesday.…

Kenya, Tanzania, Uganda, Rwanda and Burundi are all set to release their annual budgets on Thursday, providing details of their spending priorities and how they expect to fund them. Most of the East African nations have already signaled…

There are disparate views as to whether the Fed’s target for inflation of 2 per cent will, if maintained, cause it to drive the US economy into an unnecessary recession, costing job losses and economic output that could have been avoided if…

The majority of developing economies had less foreign exchange reserves at the end of 2022 than they did at the beginning of the Covid-19 pandemic, according to fDi Markets analysis of central bank data from 75 countries collected…

The latest breakthroughs in artificial intelligence could lead to the automation of a quarter of the work done in the US and eurozone, according to research by Goldman Sachs.The investment bank said on Monday that “generative” AI…