Nigeria may need to increase interest rates by at least 700 basis points before the end of the year to curb inflation that’s poised to accelerate after fuel caps were scrapped and the nation’s currency weakened, according to Bank of America sub-Saharan Africa economist Tatonga Rusike.
Tata Group has posted job openings for a UK-based cell developer and construction project manager, suggesting the parent company of Jaguar Land Rover is preparing to locate its new battery factory in Britain.
Italy’s factories had their worst month since the height of the pandemic lockdowns in early 2020, adding to concerns that the euro zone’s third-biggest economy faces a sharp slowdown.
Cathay Pacific Airways Ltd.’s passenger check-in desks will reopen in Hong Kong’s central business district Wednesday, after a more than three-year shutdown sparked by Covid.
Oversea-Chinese Banking Corp. unveiled a target to boost revenue from business flows between Greater China and Southeast Asia as trade between the key markets increases.
Japan is set to win approval to discharge more than a million cubic meters of treated water from the Fukushima nuclear disaster site into the Pacific Ocean, a contentious plan that’s soured ties with neighbors including China.
Mainland China remained the world’s busiest spot for initial public offerings during the first half of the year, but slowing economic growth is expected to increasingly drag on domestic activity.
Swiss inflation slowed to below the 2% ceiling targeted by the central bank, offering limited reassurance to officials who have already signaled further tightening is likely.
Thailand’s central bank is preparing a series of regulatory guidelines to tackle the “worrying” level of household debt, one of the highest among major Asian economies.
Zambia expects to decide on an investor to take over Mopani Copper Mines by the end of this month from a shortlist of four companies, the country’s Finance and National Planning Minister said.
