Global trade looking up in 2024, but risks remain, says WTO
Post AMUGE
April 11, 2024
Business a.m. The World Trade Organization (WTO) has projected that global merchandise trade will increase by 2.6 per cent in 2024 and 3.3 percent in 2025, after declining by 1.2 per cent in 2023, as global inflation dips, countering the inflationary pressure seen in 2023, but warned of the risks of global trade fragmentation as […]
World economy to shrink by 12% in Q2– Bank of America
Businessam StaffMarch 20, 2020
Bank of America (BofA) has projected that the global economy would shrink by 12% by the end of Second quarter of 2020. This was disclosed by the bank’s Economist, Michelle Meyer, as she declared that the Coronavirus-induced recession has commenced in America like every other nation across the globe. “We are officially declaring that the economy […]
Governments, top CEOs push for investments in sustainable development
Samson EchenimFebruary 17, 2020
By Samson Echenim Government leaders, global CEOs and other investment stakeholders will step up efforts to promote investment for sustainable development at the 7th biennial UNCTAD World Investment Forum (WIF) and the first-ever Asian E-Commerce Week to be held in Abu Dhabi from December 6 to 10, this year. The WIF is the largest global […]
Peugeot, Fiat-Chrysler merger to create $50bn automobile giant
Samson EchenimOctober 30, 2019
By Samson Echenim A merger of French-Italian automobile group, PSA Peugeot and American Fiat-Chrysler is expected to create world’s fourth largest automobile manufacturer with $50 billion asset stake. Fiat Chrysler has confirmed it is in talks with PSA Peugeot over a deal that would create a new giant in the car industry. The merger will […]
IATA blames US-China trade spat as global airfreight demand falls by 3.4%
Samson EchenimJuly 4, 2019
By Samson Echenim Global airfreight demand measured in freight tonne kilometers (FTKs), decreased by 3.4 percent in May 2019, compared to corresponding period of 2018, the International Air Transport Association (IATA) has said, noting that this was a slight improvement on the 5.6 percent contraction in April. Warning that the trend would continue, IATA blamed […]
Climate Change to cost $2,400bn economic losses globally by 2030 – ILO
Tola AkinmutimiJuly 4, 2019
By Tola Akinmutimi ….identifies Nigeria, other West African countries as most vulnerable The International Labour Organisation (ILO) on Thursday projected that increase in heat stress resulting from global warming could lead to global equivalent of US$2,400 billion economic losses or 80 million jobs by the year 2030. The global labour organization gave this prediction […]
G20 leaders must embrace cryptocurrency regulation as failure to do so would be negligent
Businessam StaffJune 26, 2019
G20 leaders must take decisive steps towards a multilateral cryptocurrency regulatory framework as failing to do so would be negligent. This is the bold message from the CEO of one of the world’s largest independent financial advisory organisations. Nigel Green, chief executive and founder of deVere Group, is speaking ahead of the G20 summit taking place in Osaka, Japan, […]
ILO adopts new labour standard to combat workplace violence, harassment
Tola AkinmutimiJune 21, 2019
By Tola Akinmutimi, in Abuja The International Labour Organisation (ILO) on Friday adopted a new convention and accompanying recommendation to combat violence and harassment in the workplace to stem the tide of abuses against workers globally. The new violence and harassment convention 2019 and violence and violence and harassment recommendation 2019 were adopted by […]
Adesin, AfDB president, tasks African leaders on non-tariff barriers to boost trade
Tola AkinmutimiJune 13, 2019
By Tola Akinmutimi Akinwumi Adesina, president of African Development Bank (AfDB), told delegates at the opening ceremony of the Bank’s 2019 Annual Meetings in Malabo, Equitorial Guinea on Wednesday, to work toward the elimination of non-tariff barriers in order to achieve integrated growth in the African continent. Adesina projected that pulling down of non-tariff […]
America’s Kirkland & Ellis emerges world’s top M&A legal advisory firm in Q1 ’19, says GlobalData
Businessam StaffApril 26, 2019
The American legal practice, Kirkland & Ellis, has emerged the world’s top mergers and acquisition legal advisory firm for the first quarter, according to data and analytics comapny, GlobalData. In a statement sent to business a.m., GlobalData, disclosed that the law firm advised on 128 deals worth $215.9 billion, including the biggest transaction of the quarter – […]