Holding the line on the existing rules-based international trading system remains an essential challenge if the world is the keep a damaging tariff war at bay, a top UN trade official said on Monday. Addressing the UN Trade and Development (UNCTAD)’s 195 Member States in Geneva, Rebeca Grynspan said that 72 per cent of global…
From 1970 until 2000, the costs of disaster averaged $70-$80 billion. Those mainly preventable costs doubled this century to average $180-$200 billion annually, according to a recent report published by the UN Office for Disaster Risk Reduction (UNDRR). Most of the exorbitant costs of disaster are preventable with proper funding and planning –one of the…
Google CEO Sundar Pichai gestures to the crowd during Google’s annual I/O developers conference in Mountain View, California on May 20, 2025. Camille Cohen | Afp | Getty Images Alphabet has joined the $3 trillion club. Shares of the search giant jumped more than 4% on Monday, pushing the company into territory occupied only by…
Africa’s deepening housing crisis, estimated at more than 52 million units, is emerging as one of the continent’s most urgent barriers to achieving the African Union’s Agenda 2063 development blueprint, financial and development leaders warned Monday at the Intra-African Trade Fair (IATF2025) in Algiers. The continent’s housing shortfall, experts say, now carries an estimated price…
Nvidia has become the first public company in the world to reach a US$4 trillion market capitalisation, solidifying its position as one of Wall Street’s most-favoured stocks. Shares of the leading chip designer rose as much as 2.4% to $164 on Wednesday, a direct result of the ongoing surge in demand for artificial intelligence (AI)…
Nvidia headquarters, Santa Clara, California. Nvidia has reached the $4 trillion market capitalisation milestone, becoming the first company in the world to do so, as it outpaces the rest of the “Magnificent Seven” technology companies. The rise in the chipmaker’s share price – from $10 five years ago to more than $162 now – makes…
Addis Ababa, — At the Fourth International Conference on Financing for Development (FfD4), African countries made a strong case for overhauling the global financial system to reflect current development realities and risks. Held in Seville, Spain, the conference ended with the adoption of a 38-page outcome document, the “Seville Commitment,” outlining voluntary steps to improve…
Abuja — Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028 Africa’s trade projected to hit $1.5 trillion in 2025 as growth momentum builds Africa’s intra- and extra-regional trade is on course to reach US$1.5 trillion in 2025, according to…
