US goods trade deficit narrows sharply in April as imports plunge
The goods trade gap contracted 46.0% to $87.6 billion last month, the Commerce Department’s Census Bureau said on Friday The U.S. trade deficit in goods
Chinese banks and their EMDE borrowers
Although Chinese banks have remained the top lenders to emerging markets and developing economies (EMDEs), their growth has slowed and their lending patterns have changed
HSBC to cut 10% of its workforce in France
HSBC plans to cut 348 jobs in France through a voluntary redundancy scheme, amounting to about 10% of its workforce in the country, the bank said
Saudi Aramco signs preliminary agreements worth up to $90 billion with US companies
Saudi Aramco has signed 34 preliminary agreements with major U.S. companies, potentially worth as much as $90 billion, the oil giant said on Wednesday. The deals
Nvidia supplier Foxconn cuts outlook due to currency appreciation
Taiwan’s Foxconn, the world’s largest contract electronics maker, downgraded its full-year outlook on Wednesday citing recent appreciation of the Taiwan dollar, even as it struck
Going bigger, faster, together: Unlocking Eastern and Southern Africa’s digital future
Imagine getting to work on a program that will bring internet access and digitally enabled services to 180 million people. Opportunities like these illustrate the
Extreme weather and nature loss: can the private sector be part of the infrastructure solution?
In 2018, after 3 years of droughts, the city of Cape Town in South Africa faced severe water shortages. Dam reservoir capacity had dropped to
NRG Energy shares hit all-time high on $12 billion power assets deal
NRG Energy said on Monday it would acquire power generation assets from energy infrastructure investment firm LS Power in a deal valued at $12 billion,
Amazon to spend $4bln on cloud infrastructure in Chile
Amazon’s cloud computing division will invest $4 billion to build its first data centers and other cloud infrastructure in Chile, the company’s head of South
Saudi market cap surges 463% to $2.7trln, now largest in region
The market capitalisation of Saudi Stock Exchange (Tadawul) has surged by 463% over the last ten years to reach $2.7 trillion at the end of
