World Bank warns developing world ‘not out of danger’ as debt costs hit record
By Libby George LONDON, Dec 3 (Reuters) – The gap between developing nations’ debt servicing costs and new…
US ADP Employment Change falls by 32,000 in November vs. 5,000 expected gain
Private employers shed 32,000 jobs in November, the Automatic Data Processing (ADP) reported on Wednesday. This reading followed…
China is reaching ‘correct cadence’ to complete promised US soybean purchases
NEW YORK, Dec 3 (Reuters) – U.S. Treasury Secretary Bessent said he was very optimistic about the U.S.…
Iran’s Currency Falls To A New Low As Nuclear Sanctions Squeeze Its Ailing Economy
TEHRAN, Iran (AP) — Iran’s rial currency fell Wednesday to a new low of 1.2 million to the…
UK considers keeping $1 billion pledge alive with South Africa amid slow energy transition
The guarantee, approved in late 2023, is due to lapse at the end of this year. The facility…
Unemployment rate at 8.6% in October
The seasonally adjusted unemployment rate in October 2025 amounted to 8.6% compared to 9.7% in October 2024, and…
EU to unveil €3bn strategy to reduce dependency on China for raw materials | European Union
The EU is to unveil a €3bn (£2.63bn) strategy to reduce its dependency on China for critical raw…
Top 10 major African cities with the highest purchasing power as the year ends
According to the World Bank’s latest Africa Pulse report, Sub-Saharan Africa is now projected to grow by 3.8%…
Rupee breaches 90-mark for first time: Currency hits all-time low of 90.21 against dollar; FIIs outflow and crude weigh on sentiment
The rupee plunged to a historic low on Wednesday, slipping past the 90-per-dollar threshold for the first time…
Explainer | From railways to Labubus: China’s businesses and their 50-year trip abroad
With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints…
Saudi Arabia approves 2026 budget with $350bn in spending and deficit of $44bn
Saudi Arabia on Tuesday approved its budget for next year with spending of 1.31 trillion Saudi riyals ($350…
EU needs ‘true single market’ to stay competitive, Nobel prize winner Aghion tells Euronews
Published on 03/12/2025 – 9:35 GMT+1 •Updated 9:38 Nobel Prize winner in economics Philippe Aghion has urged the…