Funds

EU approves $221 million subsidies to boost Germany’s offshore renewable energy infrastructure
Banking & Finance

EU approves $221 million subsidies to boost Germany’s offshore renewable energy infrastructure

New docking facilities on Germany's North Sea coast will handle heavy loads, including wind farm components

China’s lending to Africa rises for the first time in seven years in 2023, reaches $4.61 billion
Africa

China’s lending to Africa rises for the first time in seven years in 2023, reaches $4.61 billion

Between 2000 to 2023, Chinese lenders provided 1,306 loans amounting to $182.28 billion to 49 African governments and 7 regional borrowers

Olympic Games boost drives France private sector to 52.7 PMI in August, fastest expansion since March 2023
Economy

Olympic Games boost drives France private sector to 52.7 PMI in August, fastest expansion since March 2023

The reading was expected to remain unchanged at 49.1

Ethiopia secures $3.4 billion IMF financing program with $1 billion immediate disbursement
Africa

Ethiopia secures $3.4 billion IMF financing program with $1 billion immediate disbursement

The Ethiopian central bank has floated the birr, a crucial step for securing IMF support and progressing its debt restructuring

Global gold ETFs plummet $6.7 billion in 2024, marking worst performance in over a decade: Report
Markets

Global gold ETFs plummet $6.7 billion in 2024, marking worst performance in over a decade: Report

Data showed that Asia was an outlier that registered inflows of $3.1 billion in H1 2024

COP28 President urges parties to ‘build on progress’, help those most vulnerable to climate change
Sustainability

COP28 President urges parties to ‘build on progress’, help those most vulnerable to climate change

At COP28, countries pledged a total of $792 million for loss and damage funding arrangements

Sri Lanka’s inflation plummets to 2.5 percent in March driven by a 22 percent reduction in power tariffs
Asia

Sri Lanka’s inflation plummets to 2.5 percent in March driven by a 22 percent reduction in power tariffs

Food prices remained unchanged at 5 percent in March compared to February

Hedge fund industry sees $190 billion asset growth in Q1, hits record $4.3 trillion
Banking & Finance

Hedge fund industry sees $190 billion asset growth in Q1, hits record $4.3 trillion

The industry attracted $16.6 billion in new investments, with a focus on equity and event-driven hedge fund strategies

Egypt to ensure foreign currency availability through maintaining flexible exchange rate
Africa

Egypt to ensure foreign currency availability through maintaining flexible exchange rate

This represents a key condition for Egypt's $8 billion loan program signed with the IMF

IMF’s Georgieva urges China to address economic slowdown, enhance productivity
Asia

IMF’s Georgieva urges China to address economic slowdown, enhance productivity

The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies

IMF prepared to assist Sri Lanka in talks with bondholders
Asia

IMF prepared to assist Sri Lanka in talks with bondholders

Sri Lanka government failed to restructure $12 billion debt with bondholders

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia
Economy

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January