Yesterday, New York’s stock exchanges saw a notable decline sparked by Federal Reserve Chairman Jerome Powell’s remarks. He indicated that March would not see an interest rate cut. This news shifted investor focus and also tuned into the current earnings season featuring Mastercard and Boeing. The Dow Jones Industrial Average fell by 0.82%, closing at […]
Related Posts
Angola Set to Unveil Africa’s Largest Private Safari Park
Over ten years ago, Namibian Stefan Van Wyk dreamt of creating Angola’s first private wildlife refuge adjacent to Namibia. His goal was bold: to make Cuatir Africa’s largest private safari park. In 2012, a flight over Cuatir revealed its untouched beauty, sparking Stefan’s ambitious journey. Cuatir sits between two rivers, far from Angola’s capital. Its […]
Vietnam’s FDI Boom Meets Power Crunch: A Growth Dilemma
Vietnam’s foreign direct investment (FDI) growth has propelled the country to new economic heights. Companies worldwide have flocked to Vietnam, drawn by its favorable business climate and strategic location. This investment influx has significantly boosted the nation’s economy, contributing 4% to 6% of its GDP. Major players like Foxconn, Sony, Intel, and Apple have set […]
The EU has racked up a current account deficit to the tune of US$55 billion so far this year
The European Central Bank (ECB) announced a €9 (US$10) billion surplus in the eurozone’s current account for May, a significant rise compared to April’s €4 billion. The upturn contrasts starkly with a deficit of €14 billion in the previous year, mainly due to increasing energy import costs. May’s data revealed a €23 billion surplus in […]