This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story Women voters stand in line at a polling station during the sixth phase of … Read more
Residents line up to cast ballots in the national election on May 29, 2024 in Matatiele, South Africa. J. Countess | Getty Images News | Getty Images South African’s governing African National Congress appears set to lose majority control in the country’s most seismic political transition since the end of the apartheid. Early indications from … Read more
The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance. This global debt wave has been the biggest, fastest and most wide-ranging rise in debt since World War II, coinciding with the Covid-19 pandemic. “This increase marks the second consecutive quarterly rise and was primarily driven by emerging markets, … Read more
President of the ruling African National Congress (ANC) and South African President, Cyril Ramaphosa at a rally on May 25, 2024 in Johannesburg, South Africa. Chris Mcgrath | Getty Images News | Getty Images Some 30 years on from the peaceful transition from apartheid rule to democracy, South Africa could once again be on the … Read more
Africa is blessed with some of the rarest and most beautiful animals in the world — a fact that entices tourists to book safaris year-round. But safaris only scratch the surface of what the continent has to offer. From wine tours to vibrant coastal cities, other experiences await those who are willing to go … Read more
Two key European Central Bank figures on Monday threw their weight behind the prospect of an interest rate cut next week, indicating that it is practically a done deal. In a speech on Monday, Olli Rehn, ECB governing council member and head of Finland’s central bank, stressed that inflation in the euro area was falling … Read more
People walk in the rain over the London Bridge in central London, March 12, 2024. Lucy North – Pa Images | Pa Images | Getty Images LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday. Economists polled by Reuters expected a smaller … Read more
A Chinese worker looks on as a cargo ship is loaded at a port in Qingdao, eastern China’s Shandong province. AFP Contributor | AFP | Getty Images A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping … Read more
JPMorgan Chase‘s chairman and CEO Jamie Dimon says the U.S. economy could see a “hard landing.” When asked by CNBC’s Sri Jegarajah about the prospect of a hard landing, Dimon replied: “Could we actually see one? Of course, how could anyone who reads history say there’s no chance?” The CEO was speaking at the JPMorgan … Read more
People attend funeral ceremony, held for Iranian President Ebrahim Raisi and his senior officials died in a helicopter crash, in Tabriz, Iran on May 21, 2024. Anadolu | Anadolu | Getty Images Thousands of mourners descended on Tabriz on Tuesday for a funeral ceremony honoring Iranian President Ebrahim Raisi, who perished in a helicopter crash … Read more
