JPMorgan’s Dimon says US, China need ‘real engagement’
HONG KONG (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon on Wednesday warned “uncertainty” caused by the Chinese government…
Economy
Volkswagen launches extra shifts at Wolfsburg plant – brand board member
HAMBURG (Reuters) – Volkswagen has introduced extra shifts at its factory in Wolfsburg, the carmaker’s biggest, after supply chain disruptions…
China Renaissance chairman’s detention extended by 3 months -report
BEIJING (Reuters) – The detention of Bao Fan, chairman of investment bank China Renaissance Holdings, has been extended for another…
Lira hits record low as Turkey prepares for new cabinet
ISTANBUL (Reuters) -Turkey’s lira tumbled on Wednesday to a fresh record low against the dollar as President Tayyip Erdogan prepared…
No quick recovery for German economy after winter slump – DIW
BERLIN (Reuters) – There is no quick recovery in sight for the inflation-hit German economy following a winter recession, the…
Low-income countries to be left behind without action on jobs – ILO
BERLIN (Reuters) – A global employment divide between high-income and low-income countries is worsening as rising debt levels hit developing…
Demographics are a headwind for emerging markets – BlackRock
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – A decline in labour growth and expected fall in the…
Unilever pivots to African suppliers as forex pressure mounts
By Seun Sanni and Richa Naidu ALAYIDE, Nigeria (Reuters) – Busari Kasali once lived with the fear that his cassava…
S&P sees weaker 2023 growth in key African economies as tailwinds fade
JOHANNESBURG (Reuters) – Economic growth in key Sub-Saharan African economies will slow this year as weaker global growth makes the…
Kenya central bank lowers 2023 growth forecast to 5.5%
By Duncan Miriri NAIROBI (Reuters) -Kenya’s central bank has lowered its economic growth projection for this year to 5.5%, a…