Economy
Haiti: Where Baked Mud Is Eaten As Proper Food
By Celestine Osemeilu, Editor If you were told there is a place on the face of the earth where humans eat baked mud as regular meal you probably would say it is incredible. Yes I intially thought so too. But it will be worthy to know it is true. There is actually a place where […]
Orban Encourages Mothers In Hungary To Have 4 Or More Kids
Hungary is greatly increasing financial aid and subsidies for families with several children, the Prime Minister has announced, in a move aimed at reversing the country’s population decline without softening its “zero tolerance” policy on immigration. Viktor Orban made the announcement during his “state of the nation” speech. Key points: Hungarian Prime Minister, Viktor Orban […]
Hungary: Industrial Production Strengthens Notably In December
According to revised data released by the Hungarian Central Statistical Office (KSH) on 13 February, industrial output rose a working-day adjusted 5.7% year-on-year in December, the strongest reading in almost a year. The print confirmed the preliminary estimate and came in above the 3.7% increase in November. December’s expansion came on the back of strong […]
Germany: German Economy Stagnates In The Fourth Quarter Of 2018
Europe’s biggest economy narrowly avoided a technical recession in the fourth quarter with flat growth recorded over the previous quarter in price-, seasonally- and calendar-adjusted terms. Although the result contrasts the 0.2% quarter-on-quarter contraction in the third quarter, it still underwhelmed expectations of a small rebound following the release of national accounts for the full […]
Barbados Economy Ends 2018 On A High Note
Barbados made an impressive entry into 2019 owing to the successful steps taken away from the precipice of disaster, even though it is not yet close to its glorious days of a buoyant economy with massive amounts of foreign exchange and a bubbling GDP. Midway last year government’s foreign reserves stood at, $221.5, barely enough […]
Qatar Airways Takes 5 Per Cent Stake In China Southern Airlines
Qatar Airways Buys Into Fast-Growing Chinese Market, With One Eye On The Future Qatar Airways has taken a 5% stake in China Southern Airlines, the largest airline in China, in a potentially significant new development for the Gulf airline’s global investment strategy. The Qatari carrier announced the purchase on January 2, saying it had bought […]
Driveless Cabs Commences Test Runs In Dubai
The driverless cab can run at a speed of up to 35km per hour and can accommodate four people. Residents of Dubai Silicon Oasis would be among the first to spot the UAE’s driverless taxi in action – as the Roads of Transport Authority (RTA) and the Dubai Police kicked off the cab’s test run […]
