Tag: global recession
Global arms spending hits record despite downturn
Worldwide military spending surged to a record $1.5 trillion last year, defying an economic downturn caused by the global financial crisis, a...
Rising Africa puts South Africa on the spot
Even by the extended outlook of emerging market investors, a century is a very long time. By that measurement, though, South Africa,...
African economies have “passed stress test”
African economies have shown resilience in the face of global financial adversities, have passed the stress test and can be expected to...
World Bank set for capital boost, tough vote talks
Global finance leaders face fractious talks this week on how to shift more voting power at the World Bank to emerging economic...
Air Arabia Airbus order might not be enough: exec
Low-cost carrier Air Arabia has ordered 44 Airbus aircrafts over the next five years, but its expansion plans mean it could need...
Oil recovers from 2010 lows towards $80
Oil edged up towards $80 a barrel today as traders moved to cover short positions, taking advantage of a drop to 2010...
Tough challenges for Zuma as ANC turns 98
South African President Jacob Zuma's ability to administer tough measures needed to revive a struggling economy could be hampered by his efforts...
SA business confidence down on recovery worries
South Africa's business confidence index fell in December on concerns that an economic recovery from a recession will be weak, sponsor South...
DRC welcomes “favourable” IMF rating
The Democratic Republic of Congo's (DRC) envoy to the United Kingdom says his government is excited after receiving a recent "favourable" rating...
US aero exports off 17 percent amid slump
US exports of aerospace products plunged 17 percent this year to $78.9 billion amid slowing sales growth overall, the industry's chief trade...
World oil demand to accelerate next year: IEA
Growth in world oil demand will accelerate next year as industrialised and developing nations recover from economic slowdown, the International Energy Agency...
BAE Systems to cut 642 jobs in UK
BAE Systems plans to cut up to 642 jobs at eight sites in Britain as a result of falling demand at one...
World Bank lowers Africa forecast on global recession
African economies will grow by an average of 1.7% this year, a downgrade from an earlier forecast of 3.5%, as a result of the...
