The International Monetary Fund’s chief capped a visit to Kenya with an enthusiastic endorsement of its economic management and expressed confidence that the cash-strapped nation would keep servicing its debts.
Africa’s continent-wide free-trade area if successfully implemented could significantly boost economic growth and improve living standards at a time of rising geopolitical tensions and climate change, the International Monetary Fund said in a study.
Germany and Kenya pledged to strengthen cooperation on climate protection, green energy and the exchange of workers after talks between Chancellor Olaf Scholz and President William Ruto in Nairobi.
When Bjorn Gulden arrived at Adidas AG following the implosion of its Yeezy collaboration, the new chief executive officer found one pleasant surprise: The classic Samba sneakers that celebrities had started wearing last summer appeared ready to take off.
The founder of Russia’s Wagner mercenary group, Yevgeny Prigozhin, renewed a threat to pull his forces from the battlefield near Bakhmut in Ukraine’s east because of a shortage of ammunition. The comments, directed at Russia’s defense minister, were made in a grisly video showing a field of corpses.
The prospect for global earnings growth this year is dim despite better-than-expected first-quarter results in the US and Europe, according to strategists at Goldman Sachs Group Inc. and Bank of America Corp.
New York Attorney General Letitia James proposed a state law to tighten rules over cryptocurrency companies in her latest swing at an industry she claims is suffering from “rampant fraud and dysfunction.”
A powerful 6.5-magnitude earthquake and a series of strong aftershocks struck Ishikawa Prefecture on Japan’s west coast, causing multiple homes to collapse in the city of Suzu on Friday.
(Bloomberg) — European Central Bank officials are rallying behind President Christine Lagarde’s declaration that there’s still some way to go before interest rates reach their peak.
The cost of drilling for shale oil is dropping for the first time in about two years as demand for equipment and workers wavers.
