growing

The outlook for U.S. jobs data, along with growing worries about a recession, has weighed on the dollar index, sending it retreating.

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This week, the market is focused on the US labor market data, especially against the backdrop of growing concerns about the recession. Employment has become an important window for evaluating macroeconomic trends. The upcoming ADP employment data, scheduled for release on Wednesday, is expected to show that the US private sector added about 40,000 new … Read more

Africa is looking at its “Strait of Hormuz” as 20 billion euros in Spain-Morocco Gulf is growing amid global risks.

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Africa is looking at its "Strait of Hormuz" as 20 billion euros in Spain-Morocco Gulf is growing amid global risks.

The growing conflict in the Strait of Hormuz is causing countries to re-evaluate global trade routes and explore new ways to reduce exposure to potential obstacles. The rush has increased amid warnings that any long-term disruption to the flow of oil could disrupt global oil supplies and push prices up sharply, with some estimates suggesting … Read more

The fastest growing banks in the world are in Africa, but the revenue of $100 billion tells only part of the story.

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The fastest growing banks in the world are in Africa, but the revenue of $100 billion tells only part of the story.

But under the headline image there is a more complex reality: strong growth, high profits, however much of the speed is uneven, concentrated, and partly destroyed by currency fluctuations. A new report by McKinsey & Company shows that the banking sector in Africa generated about $99 billion in 2024 and is estimated to reach about … Read more

China’s “teapot” oil booms are keeping the economy growing – but rising prices are leaving them in trouble.

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China's "teapot" oil booms are keeping the economy growing - but rising prices are leaving them in trouble.

TThe cities that are the bulwark of China’s energy security, in times of global crisis, can appear deceptively quiet. Oil trucks ply the open roads with little traffic, while a few quaint shops in dilapidated buildings give a hint of a long-forgotten local vibe. The ramshackle noodle shop serving hand-pulled noodles was empty at lunchtime, … Read more