Court proceedings for two leaders of last year’s trucker rally in Canada started this week. Named the Freedom Convoy, the group came to Ottawa in early 2022 to oppose COVID-19 vaccine rules. Three days of unrest followed. Prime Minister Justin Trudeau used special emergency powers to remove the protesters. Critics called this move excessive. Organizers […]
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Australia Faces Slowest Economic Growth Since 1990s
Australia’s economic growth continues, albeit at its slowest pace since the early 1990s, not counting the pandemic period. This insight comes from the Australian Bureau of Statistics (ABS), which reported a modest 0.2% increase for the second quarter compared to the first. This growth brings the annual rate to 1.0%, aligning with market expectations and […]
Debt Challenges in Lusophone Africa And Beyond
External borrowing serves as a pivotal resource for fostering growth and addressing financial shortfalls. However, unmanaged debt accumulation poses significant risks, threatening economic stability across Africa, a concern outlined by the IMF. This problem affects various nations, four of them Portuguese-speaking, with Cape Verde, Mozambique, Angola and São Tomé notably ranking high in debt levels. […]