Yemen’s Houthi fighters claim to have attacked shipping in the Red Sea – a move that threatens to further escalate the already volatile situation in the Middle East. By forcing ships to turn back from the narrow Bab El Mandeb strait, they have threatened to choke off the main maritime route from Europe to Asia….
NEW DELHI, July 23 (Reuters) – The International Air Transport Association (IATA) has tapped World Economic Forum managing director Saadia Zahidi as its new director general after current boss Willie Walsh joins Indian carrier IndiGo, the airline lobby group said on Thursday. Zahidi, the first woman to serve as IATA’s director general, will start November…
Somalia and the World Bank have reaffirmed their commitment to deepening cooperation on economic reforms, institutional development and regional integration during high-level talks in Mogadishu on July 22, as the country pushes ahead with efforts to accelerate growth and strengthen public institutions. The discussions, which brought together State Minister for Foreign Affairs and International Cooperation…
Some analysts have questioned whether those recent productivity figures are reliable, in part, because some of the high growth spots are in residential areas, and that they could be explained in part by errors in the data, external. Nevertheless, many economists do think Greater Manchester has performed better than other UK city regions over the…
London, United Kingdom – Ten years after Britons voted in the Brexit referendum to leave the European Union, opinion polls show the public is still grappling with the consequences of its decision. As Keir Starmer resigns to make way for the seventh British prime minister in a decade, the current political instability has its roots…
The war with Iran may be nearing its end. Its toll on the U.S. economy has yet to subside. A preliminary deal touted by President Trump on Monday appeared to pause the fighting in the Middle East — but not the high prices and other disruptions that have hammered American families and businesses recently. At…
Dar es Salaam — AS Tanzania looks toward its Vision 2050 ambitions, three themes have emerged at the centre of the country’s economic discourse: economic diplomacy, publicprivate partnerships (PPPs) and the aspiration to build a 1 trillion US dollar economy. These are not separate conversations. They are, in fact, different dimensions of the same development…
China is erecting walls to prevent money, technology and companies from leaving the country. This week, the State Council, China’s cabinet, announced new rules requiring national security screening for Chinese companies seeking to invest overseas. The move follows regulations introduced in April that allowed the authorities to intervene when foreign companies tried to relocate supply…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Maersk has warned that the impact of the closure of the Strait of Hormuz would be increasingly felt in global trade in the coming months, with the world’s second-largest container shipping line concerned about a…
Facing pressure to address the economic fallout of his war in Iran, President Trump on Monday sought to portray his policy wins for small businesses as evidence that he was succeeding in building up the economy. Speaking to business leaders from across the country at an event in the East Room of the White House,…
