economics

  • The Hidden Power Of Algorithms: How Social Media Reshapes Modern Economies

    By Degraft Osei Algorithms: hidden, mysterious, and omnipotent. These silent governors dominate the digital marketplace, influencing what we view, exchange, and use. When suggesting a book, spreading a meme, or proposing the next trend video, algorithms reign supreme in the digital age. However, similar to any monarch, these systems have imperfections, which frequently puts…

  • What’S Inside The New Us-Uk Trade Deal?

    The “landmark” US-UK trade deal revealed on Thursday by President Donald Trump marks the initial accord to be disclosed since he imposed significant tariffs on both friends and foes starting from April 2. This is what we understand regarding the fresh trade agreement for products: ‘Increased market access’ The initial “base” tariff of 10…

  • Uk Inflation Spike: See How Fast Prices Are Soaring!

    In the year leading up to March, prices in the UK increased by 2.6%, which is lower than the prior month’s rise yet remains above the Bank of England’s targeted figure. The Bank of England adjusts interest rates to aim for an inflation rate of 2%, and in 2025, it reduced them twice, bringing…

  • Uk Firms Can Bid On Govt Tenders Over Rs 200 Cr Post-Fta, Says Piyush Goyal

    In New Delhi [India], on May 8 (ANI), the Union Commerce and Industry Minister provided additional information regarding the Free Trade Agreement between India and the UK. Piyush Goyal mentioned that UK-based suppliers will qualify to bid for government contracts only if the order exceeds Rs 200 crore. The Union Minister also mentioned that…

  • Morocco Boosts Sustainable Growth With €65 Million Ebrd Green Fund

    Morocco has obtained €65 million in green funding from the European Bank for Reconstruction and Development (EBRD) to aid its national shift towards a more sustainable, low-carbon economic model. The financial support, which is part of the EU-supported Morocco Decarbonisation and Climate Resilience initiative, will focus on enhancing climate resilience, promoting an energy shift…

  • Dollar Inches Up Against Dong – International Edition (English)

    On Thursday morning, the U.S. dollar saw a slight increase against the Vietnamese dong but declined when compared to most significant currencies. Vietcombank sold its dollars at a rate of VND26,150, which was 0.07% higher than before. The State Bank of Vietnam reduced its reference rate by 0.01% to VND24,927. In the underground market,…

  • Un: $43 Billion Needed Annually To Meet 2030 Global Goals

    By Kingsley Webora TANKEH A financing roadmap drawn by the World Bank, United Nations Development Programme (UNDP) and other United Nations (UN) agencies in Ghana shows the\xa0 need to raise about US$522billion in order to meet the Sustainable Development Goals (SDGs) by 2030. Nevertheless, if we exclude the government’s annual revenue allocation from the…

  • Gold Soars To 2-Week High: International Edition (English)

    On Thursday, Vietnam’s gold prices remained near an all-time high reached approximately two weeks prior. This stability occurred as global rates increased, accompanied by inflationary concerns. The Saigon Jewelry Company’s gold kafe increased by 0.41%, reaching VND122.7 million per tael. It should be noted that one tael is equivalent to 37.5 grams or approximately…

  • Kenya’S Banks Ranked: Lowest To Highest Loan Rates – International Edition (English)

    The Central Bank of Kenya (CBK) disclosed that the average lending rate across commercial banks was 15.77%. Following the reduction of the base lending rate by 0.75%, which brought it down to 10%, the typical loan interest decreased by 0.64%. The Middle East Bank (K) Limited and Access Bank (Kenya) have the highest loan…

  • Vietnam Sees ‘Significant’ Rise In Demand For U.S. Goods, Trade Minister Says

    According to Minister of Industry and Trade Nguyen Hong Dien, Vietnam exhibits “substantial and steady” demand for importing premium products and services from the United States. He stated on Wednesday during a meeting with executives from leading firms such as Petrovietnam, Vietnam Electricity, Vietnam Airlines, Vietjet, Thaco, and Viettel that businesses ought to proactively…