Wage wars: The battle for more money
While companies may offer pay increases, as seen with Boeing's offer of a 25% wage hike and a USD 3,000 signing bonus, workers are increasingly rejecting these deals...
Tag : economy
Power cuts: The demon affecting South Africa’s growth
As things stand, South Africa will be hit harder than any other nation due to its heavy reliance on coal...
US polls countdown: Jobs report anxiety rises
August saw a decrease in the unemployment rate from 4.3% to 4.2% as employers added 142,000 jobs, which was less than anticipated...
Will Dissanayake pull Sri Lanka out of the abyss?
Sri Lanka's economy is expected to grow 3% in 2024, reversing 2023's contraction, while inflation, which peaked at 70% in September 2022, moderated to 0.5% in August this year...
Rising costs squeeze German businesses hard
Since 2015, China has been Germany's most significant trading partner, and in 2022, trade between the two reached a record high...
Bangladesh’s political reset faces economic hurdles
Bangladesh's economy is in terrible shape, with foreign reserves fast depleting, prices skyrocketing, the banking system in disarray, and most economic activity coming to a complete halt...
IMF projects 4% growth rebound in MENA in 2025 amid geopolitical worries
The IMF has approved USD 13.4 billion in new funding to Middle East and Central Asian countries since January 2024, including for programmes in Egypt, Jordan and Pakistan...
OPEC further trims global oil demand outlook for 2024 & 2025
OPEC maintained its prediction from September 2024 that the global economy would expand by 2.9% in 2025 and 3.3% in 2024, respectively...
China posts slowest GDP growth in over a year as property woes drag
Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages...
Wider war in Middle East would impact global economy: World Bank chief Ajay Banga
According to Ajay Banga, the destruction caused by Israel's bombing of southern Lebanon will contribute to the USD 14–20 billion in war damage that has already likely resulted from Israeli strikes on Gaza...