As global financial headwinds continue to squeeze emerging markets, Africa’s trade finance gap, estimated at up to $100 billion annually, will once again come under the spotlight. To help close this gap, Afreximbank will host the 25th edition of its flagship Trade Finance Seminar (ATFS2025) in Abidjan from November 4-6, 2025. The discussions will explore…
Bitcoin, the world’s largest cryptocurrency by market value, hit a record high on Sunday and was up nearly 2.7% at US$125 245.57 at 7.12am SAST. Bitcoin’s previous record was $124 480 in mid-August, buoyed by friendlier regulations from US President Donald Trump’s administration and strong demand from institutional investors. The cryptocurrency had risen on Friday for an…
New details are coming in about a deadly attack on a synagogue in the United Kingdom on Yom Kippur. Authorities say one of the two victims may have been shot by police. Imtiaz Tyab reports from Manchester, where tensions remain high around the synagogue.
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s Kospi index jumped more than 3% Thursday to hit an all-time high, lifted by gains in heavyweight Samsung Electronics and SK Hynix. Shares in Samsung Electronics and SK Hynix, which announced a partnership with OpenAI late Wednesday to supply memory chips, rose over…
Emergency personnel are responding to the partial collapse of an apartment building in New York City on Wednesday morning. Shortly after 8:00 a.m. ET, an incinerator shaft collapsed at the public housing apartment building on Alexander Avenue in the Bronx, NYC Deputy Mayor Kaz Daughtry wrote on X. A preliminary investigation suggests some type of…
One of the commitments the South African presidency of the G20 made in its policy priorities document at the beginning of 2025 was to push for fairer, more transparent sovereign credit ratings. And to address the high cost of capital caused by an illusive perception of high risk in developing economies. South Africa proposed to…
Africa’s role in shaping the BBNJ Treaty shows how multilateralism can pave the way for equitable global ocean governance. On 19 September, a landmark ocean governance accord bucked the global move away from multilateralism, marking a new era for the high seas, which cover roughly two-thirds of the world’s ocean. The Agreement under the United…
Borrowing costs for governments and businesses in Nigeria, South Africa and Kenya have risen in the last five years due to policy weaknesses, unfavourable market conditions and inflation, according to a study by Moody’s Ratings published yesterday. Although economies in the region face ever-rising funding needs to keep development and growth on track, they have…
Vibrant neon signs and bright street lights glowing above the busy night traffic of taxis, double decker buses and pedestrians along Nathan Road in the crowded Tsim Sha Tsui district of Kowloon, Hong Kong, China. Fotovoyager | E+ | Getty Images Japan’s benchmark Nikkei 225 surpassed the 45,000 mark for the first time, leading gains…
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