economy

economy

Vivatech 2025 Africa Takes Center Stage in AI

Vivatech 2025 Africa Takes Center Stage in AI

Africa-Press - Eritrea. The 9th edition of VivaTech, Europe's premier tech and innovation event, spotlighted Africa’s growing influence in the global tech ecosystem. Held...
Gold surges 1.1%

Gold surges 1.1%

Africa-Press - Eritrea. The price of gold rose sharply Friday following Israel's sweeping airstrikes on Iran's nuclear program and long-range missile capabilities. The price of...
China Africa Urge US to Reestablish Trade Relations

China Africa Urge US to Reestablish Trade Relations

Africa-Press - Eritrea. China and 53 African countries called on nations, especially the United States, to return to the “right track” of resolving trade...
Experts Discuss Financial Resilience in Agriculture

Experts Discuss Financial Resilience in Agriculture

Africa-Press - Eritrea. A conference on the need for financial resilience to build resilient food systems in Africa is underway in Addis Ababa. Opening the...
DHL to invest €500m on Africa, Middle East expansion

DHL to invest €500m on Africa, Middle East expansion

Africa-Press - Eritrea. Logistics giant DHL Group plans to invest about €500 million ($575 million) in health-care services in Africa and the Middle East...
OECD Unemployment Steady at 4.9% in April

OECD Unemployment Steady at 4.9% in April

Africa-Press - Eritrea. The unemployment rate across the Organization for Economic Co-operation and Development (OECD) held steady at 4.9% in April 2025, remaining at...
Oil Prices Soften Amid US-China Trade Talks

Oil Prices Soften Amid US-China Trade Talks

Africa-Press - Eritrea. Oil prices softened in Asian trade on Wednesday as markets assessed the outcome of U.S.-China trade talks, yet to be reviewed...
ECB President Calls for Global Cooperation on Trade

ECB President Calls for Global Cooperation on Trade

Africa-Press - Eritrea. European Central Bank (ECB) President Christine Lagarde delivered a compelling speech in Beijing on Wednesday, emphasizing the urgent need for sustained...
Africa's High Debt to China: A Growing Concern

Africa’s High Debt to China: A Growing Concern

Africa-Press - Eritrea. Some 11 out of 20 countries with the highest debt to China are from Africa, as the country supports the region...
African Union Agency Critiques Fitch'S Afreximbank Downgrade

African Union Agency Critiques Fitch’S Afreximbank Downgrade

Africa-Press - Eritrea. An African Union credit review body has questioned Fitch ratings agency’s downgrade of Africa Export-Import Bank last week, saying it was...