Nigeria’s capital imports nosedive 78.6% to $1.295 bn in Q2
Its capital imports had dropped $21.32 billion seven years ago to $5.12 billion in 2016 and has merely recovered ever since...
Tag : recession
UK economy to shrink by 8% in 2020: Reports
Official figures showed Britain’s economy shrank by a record 20.4% in April...
Hong Kong’s unemployment rate highest in over a decade at 5.2%
The underemployment rate hit 3.1%, the highest in more than 15 years...
UK to witness a £300bn budget deficit in the current financial year
Government borrowing is equivalent to more than 15% of economic output...
Coronavirus pandemic to severely impact the renewable energy sector
China alone supplies more than 50% of solar equipment to the world...
New carrier to replace struggling South African Airways
The new carrier will have a mix of government as well as public ownership...
SE Asian logistics company Ninja Van secures $274 mn in funding
Its list of investors include Zamrud, Carmenta Capital Management, GxH Investment among others...
UN releases framework to lift economies, save jobs
The UN calls for an scale-up of international support and political commitment to ensure access to essential services and social protection...
Covid-19 could result in 400,000 jobs losses in UAE’s aviation industry
IATA believes job losses in the UAE’s aviation industry will be the highest compared to other Gulf nations...