US mortgage rates rise to 5.9%, the highest since 2008.
Global container freight rates have hit a 16-month low, down 52% from their peak. Still 4x higher than pre-pandemic levels.
Kenyan traders who import maize from Tanzania will be required to register their companies in Dar es Salaam. They will also be required to register with BRELA , obtain a trading permit and present a tax clearance certificate issued by BRELA before export.
The European Central Bank raises interest rates by 0.75%—its largest increase ever—in an effort to combat surging inflation, despite Europe on the brink of a likely recession.
Canada’s Prime Minister Justin Trudeau has said that Canadians may face ‘more restrictions’ this winter unless ‘85-90% of Canadians are up to date with their covid vaccines, meaning a a 4th or 5th vaccine
The Japanese yen, traditionally a safe haven during economic crises, just hit a fresh 24-year low against the US dollar.
South Africa's economy contracts by 0.7% in the second quarter of 2022
China has signed an agreement with Russia to pay for gas in rubles and yuan— not US dollars.
In 2013, India was ranked 10th on the list of countries by GDP Size. In the last 8 years, India has surpassed - Italy, Russia, Brazil, France and now the UK to become the 5th Largest Economy by GDP.
Deutsche Bank CEO warns recession is inevitable, says Germany must cut reliance on China
Global food prices are down 14% from the peak!
UK leader Liz Truss says she will cap gas and electricity prices to combat the energy crisis. It means average household bills will be no more than 2,500 pounds a year for heating and electricity. Bills had been due to rise to triple the cost of last year.
The US economy is growing faster than China for the first time in decades.
Ugandan national carrier Uganda Airlines has announced that it has finalized a date of 18th Oct for its inaugural flight between Uganda and Guangzhou, China.
The sale of Alcohol will be prohibited in stadiums throughout the 2022 World Cup in Qatar.
Global container freight rates have hit a 16-month low, down 52% from their peak. Still 4x higher than pre-pandemic levels.
Kenyan traders who import maize from Tanzania will be required to register their companies in Dar es Salaam. They will also be required to register with BRELA , obtain a trading permit and present a tax clearance certificate issued by BRELA before export.
The European Central Bank raises interest rates by 0.75%—its largest increase ever—in an effort to combat surging inflation, despite Europe on the brink of a likely recession.
Canada’s Prime Minister Justin Trudeau has said that Canadians may face ‘more restrictions’ this winter unless ‘85-90% of Canadians are up to date with their covid vaccines, meaning a a 4th or 5th vaccine
The Japanese yen, traditionally a safe haven during economic crises, just hit a fresh 24-year low against the US dollar.
South Africa's economy contracts by 0.7% in the second quarter of 2022
China has signed an agreement with Russia to pay for gas in rubles and yuan— not US dollars.
In 2013, India was ranked 10th on the list of countries by GDP Size. In the last 8 years, India has surpassed - Italy, Russia, Brazil, France and now the UK to become the 5th Largest Economy by GDP.
Deutsche Bank CEO warns recession is inevitable, says Germany must cut reliance on China
Global food prices are down 14% from the peak!
UK leader Liz Truss says she will cap gas and electricity prices to combat the energy crisis. It means average household bills will be no more than 2,500 pounds a year for heating and electricity. Bills had been due to rise to triple the cost of last year.
The US economy is growing faster than China for the first time in decades.
Ugandan national carrier Uganda Airlines has announced that it has finalized a date of 18th Oct for its inaugural flight between Uganda and Guangzhou, China.
The sale of Alcohol will be prohibited in stadiums throughout the 2022 World Cup in Qatar.
