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Greek businesses welcome tourist influx, worry about tax hike effects
Greece is counting heavily on a bumper influx of tourists to boost its economic recovery. Security concerns in Turkey and North Africa have more travellers booking Hellenic holidays. The Greek...
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IMF welcomes Saudi reforms
The International Monetary Fund is applauding Saudi Arabia’s sweeping reform plan calling it “an appropriately bold and far-reaching transformation”. The IMF also said the Saudis are reducing spending at the...
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IMF sub-Saharan Africa 2016 outlook sees weaker growth
Economic growth in sub-Saharan Africa is likely to slow this year to its weakest in nearly two decades, according to experts at the International Monetary Fund. The main reasons are...
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Chinese exports rocket with positive growth data due by the end of the week
China’s exports have rocketed some 18.7 percent compared to the same period last year. The export boost has sent a surge of relief through the markets indicating that the world’s...
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Greece and international lenders suspend bailout review talks as splits remain
Talks between Greece and its international lenders on a crucial bailout review have been suspended until next Monday. The main sticking point appears to be differences among the lenders over...
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Belarus 2.0: tech’s bright spot in a struggling economy
Belarus: a country better known for its Soviet-style economy and often dubbed ‘Europe’s last dictatorship’. Yet one industry has escaped government interference: IT. And it’s thriving. It’s in Minsk that...
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China’s February trade weak – exports and imports both down
China’s February trade numbers were much weaker than expected. Exports from the world’s largest trading nation tumbled by the most in over six years – down 25.4 percent from a...
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January eurozone inflation weaker than first thought, cheaper oil the main drag
The spectre of deflation hangs over the eurozone as the European Union’s statistics office revised downward its initial inflation estimate for January. It seems consumer prices in the region grew...
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US jobs growth weaker but steady in January – up by 151,000
The statistics for January showed US jobs gains slowed more than expected as the boost to hiring from unseasonably mild weather faded last month. The total number of people in...
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Russia to talk to OPEC about pumping less oil to boost prices
Oil prices continue to get a bit of a boost from the idea that major producers – particularly Russia – may cooperate to cut production. Russia’s Energy Minister Alexander Novak...