Africa’s video game market is experiencing significant growth. According to exclusive data shared with CNBC, the gaming industry in sub-Saharan Africa is projected to generate over $1 billion in revenue for the first time by 2024. This suggests a thriving market for gaming in Africa, despite the region’s economic challenges such as inflation, financial conditions, …
Luisa Moreno, President of mining company Defense Metals Corp, anticipates further limitations on metal exports from China, including rare earths. Jakub Porzycki | Nurphoto | Getty Images China’s restrictions on gallium and germanium exports may motivate certain countries to diversify their supply chains and reduce dependence on China. Stewart Randall, a consultant at Shanghai-based firm …
India’s Taj Mahal At Sunrise. Wolfgang Kaehler | Lightrocket | Getty Images According to Goldman Sachs, India is set to surpass Japan, Germany, and even the United States to become the world’s second-largest economy by 2075. Currently, India holds the fifth spot behind Germany, Japan, China, and the U.S. This projection is based on India’s …
After a seven-year hiatus, Tim Cook finally made his return to India in 2016. This year, in April, the CEO of Apple visited New Delhi and Mumbai to inaugurate two flagship stores, one in each city. According to Angelo Zino, a senior analyst at CFRA Research, Tim Cook’s visit to India was driven by the …
U.S. Treasury Secretary Janet Yellen concluded her four-day Beijing visit with a press conference, where she described her 10 hours of meetings with Chinese officials as “direct, substantive and productive.” She sees these talks as a positive step towards establishing more stable relations between the two largest economies in the world. Yellen’s visit comes during …
U.S. Treasury Secretary Janet Yellen embarked on a diplomatic mission to Beijing on July 7th with the goal of establishing a harmonious economic relationship between the world’s two largest economies. The visit of Secretary Yellen signifies a warming of relations between the United States and China, following Secretary of State Antony Blinken’s visit to Beijing …
Visitors look at screens displaying stock indices at the Tokyo Stock Exchange in Tokyo, Japan, on Tuesday, July 24, 2018. Akio Kon | Bloomberg | Getty Images Market strategist Jesper Koll believes that Japan’s Nikkei 225 could reach 40,000 points in the next 12 months, citing positive fundamental indicators. He attributes his optimism to the …
Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty Images According to HSBC Asset Management, the U.S. is expected to enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024.” …
New York and London are renowned for their abundant career opportunities and lively entertainment scenes, making them highly desirable places to live. However, the residents of these cities pay a premium for their lifestyles. According to the Economist Intelligence Unit’s Worldwide Cost of Living Index, New York and Singapore tied as the most expensive cities …
Aerial photo shows the traffic flow on a viaduct in Nanjing, East China’s Jiangsu Province, June 16, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Goldman Sachs has downgraded its growth forecast for China, citing the country’s sluggish economic performance and mounting pressure on its property sector following the coronavirus …