economy

economy

Oil down over profit-taking ahead of Fed monetary policy decision

Oil down over profit-taking ahead of Fed monetary policy decision

Africa-Press - Eritrea. Oil prices declined on Wednesday as investors profited from 10-month price highs due to uncertainties ahead of the much-anticipated US Federal...
Oil edges higher over persistent supply fears driven by OPEC+ cuts

Oil edges higher over persistent supply fears driven by OPEC+ cuts

Africa-Press - Eritrea. Oil prices continued their weekly rally on Tuesday as investors priced in an anticipated supply tightness in the fourth quarter of...
OECD increases global GDP growth forecast for 2023

OECD increases global GDP growth forecast for 2023

Africa-Press - Eritrea. The Organization for Economic Cooperation and Development (OECD) on Tuesday raised its world economic growth forecast for 2023, but lowered it...
Commodity market rallies amid sell-off pressure

Commodity market rallies amid sell-off pressure

*Writing by Gokhan Ergocun Africa-Press - Eritrea. International commodity markets rallied last week which was dominated by sales pressure, with analysts citing China's central bank...
IMF raises red flag as global debt hits $235 trillion

IMF raises red flag as global debt hits $235 trillion

Africa-Press - Eritrea. The International Monetary Fund (IMF) now wants countries to cut on borrowing as the global debt retreats to a pre-covid high. According...
Poland extends embargo on Ukrainian grain, agricultural products

Poland extends embargo on Ukrainian grain, agricultural products

Africa-Press - Eritrea. Poland’s Minister of Development and Technology Waldemar Buda has said that the government has decided to maintain an embargo on Ukrainian...
Oil prices up on positive Chinese demand outlook

Oil prices up on positive Chinese demand outlook

Africa-Press - Eritrea. Oil prices increased on Friday with a positive outlook for oil demand in China, the world's second-biggest oil consumer. International benchmark crude...
African airlines projected to post improved revenues in 2023

African airlines projected to post improved revenues in 2023

Africa-Press - Eritrea. African airlines have narrowed the revenue gap almost hitting the pre-Covid-19 period due to increased travel. In August 2023, the traffic carried...
Oil prices rebound to 10-month-high path on supply fears

Oil prices rebound to 10-month-high path on supply fears

Africa-Press - Eritrea. Oil prices rebounded on Thursday as concerns over tightening oil supply gained ground over heightened demand fears caused by a rise...
Youth and women in poor states dominate gig jobs – WB

Youth and women in poor states dominate gig jobs – WB

Africa-Press - Eritrea. Side hustles and informal employment could be the next big thing for the many unemployed youths and women in developing countries...