Boeing lowers 2044 global air fleet outlook amid supply chain woes
New York, United States -- The global commercial aviation fleet will stand just under 50,000 planes in 2044, with most...Business Economy
US, China seek to extend trade truce with London talks
After a round of talks in Geneva last month, the United States and China will sit down at the negotiating...Economy
UN report says 1.1 billion people in acute poverty
More than one billion people are living in acute poverty across the globe, a UN Development Program report said Thursday,...455 million live in the shadow of conflict, while 584 million people under 18 were experiencing extreme poverty
India was the country with the largest number of people in extreme poverty which impacts 234 million of its 1.4 billion population
Asian markets track Wall Street losses on worries over tech rally
Hong Kong, China- Asian markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fueled by worries about the...Chip titan and market darling Nvidia sank more than four percent
Japan's Nikkei 225 was off more than two percent
Tech helps Singapore economy top forecasts in third quarter
Singapore's economy grew more than expected in the third quarter as a rush for everything related to artificial intelligence drove...The City's economic performance is often seen as a barometer of the global environment
Healthy rebound in manufacturing sector powered the 4.1 percent year-on-year Q3 growth
Asia-Pacific markets gain ahead of US inflation data
Asia-Pacific markets traded higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial...Overnight in the U.S., the S&P 500 rallied 0.71 percent to end at 5,792.04
The labor market is perhaps stronger than FED officials favoring the 50 basis point move had expected
Oil prices at risk of further increases due to potential energy disruptions
Crude oil prices soared nearly 9% last week, marking the biggest weekly gain since March 2023, following a significant escalation...Israeli officials stated that Israel would target Iran's oil production facilities within Iran
Iran is one of the top 10 oil producers globally, with production exceeding 3.3m barrels per day
Crude could spike by US$20 on Iran oil shock
Oil prices could shoot up US$20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, according to......if Iranian production sees a hit resulting from Israeli retaliation, said Goldman Sachs
Iran produces almost four million barrels of oil per day, an estimated 4% of the world’s supply.
Sub-Saharan Africa: Nigeria takes #2 spot in global crypto adoption
Sub-Saharan Africa accounts for the global cryptocurrency economy’s smallest share, representing 2.7% of transaction volume worldwide between July 2023 and...Between July 2023 and June 2024. Sub-Saharan Africa received around US$125 billion in on-chain value
About 70% of African countries face an FX shortage, and businesses struggle to get access to the dollar
Asia-Pacific markets mixed after Powell signals smaller rate cuts
Asia-Pacific markets are mixed on Tuesday, after Federal Reserve Chair Jerome Powell indicated the recent outsized cuts enacted by the...The current federal funds rate stands at 4.75%-5%
Sentiment among large non-manufacturers in Japan improved, inching up to +34 from +33 in Q2
Riyadh leads Saudi Arabia’s date production with record sales
Riyadh, Saudi Arabia - Riyadh is currently hosting the third Seasonal Dates Exhibition, a major economic, social, and tourist event....Recent stats confirm Riyadh's leading role in date production, boosting Saudi Arabia's self-sufficiency rate to 124%
The Riyadh region alone accounts for 436,000 tons of the Kingdom's total annual production of over 1.6 million tons
Qatar Airways seeking 25% stake in Virgin Australia
Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal...The deal could significantly shake up Australia's air travel market which is currently dominated by Qantas
In 2023, Australia's center-left government rejected Qatar's bid to put on 21 extra international flights to and from Australia
