Business & Economy

Al Sisi attends Brics with eye on building relationship with China

Egyptian president is expected to showcase Egypt’s political and economic prowess at the Brics summit Cairo: Egypt is looking forward to joining a China-led robust bloc amid growing links between the two countries. Egyptian President Abdul Fattah Al Sisi is currently in China after receiving an invition to attend an annual summit of the Brics, a bloc comprising Brazil, Russia, ...

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China announces USD 76 million for BRICS economic cooperation

Xiamen: China will provide $76 million for a BRICS economic and technology cooperation plan and another $4 million to support the projects of the bloc’s New Development Bank, President Xi Jinping announced on Tuesday. Calling on the five-nation grouping to forge unity to jointly advance solutions for international peace and development, Xi said the BRICS countries should make economic globalisation open and inclusive, and beneficial to ...

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South Korea raises alert over economic impact after nuclear test, Economy News & Top Stories

SEOUL (BLOOMBERG) – South Korea’s government on Monday (Sept 4) said the impact of North Korea’s sixth nuclear test could spread from financial markets to the real economy. Existing uncertainty over trade policy and normalization of monetary policy in major economies could worsen the impact of North Korea’s actions, Finance Minister Kim Dong-yeon said in a meeting with officials from ...

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Trump Shifts Labor Policy Focus From Worker to Entrepreneur

Championing the American worker was a central theme of Mr. Trump’s election campaign. He made inroads into the traditionally Democratic union vote, and echoed the words of labor leaders on themes like trade, infrastructure and offshoring jobs. That a Republican administration would nonetheless pursue a business-friendly labor policy is not unexpected. But beyond partisan politics, its record on worker issues ...

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NBS to confirm Nigeria’s exit from recession Tuesday

Bloomberg The much awaited confirmation from National Bureau of Statistics (NBS) on whether or not Nigeria has finally exited its longest recession since 1987 will now be released on Tuesday. Earlier due for release last Friday, NBS issued a statement instead, apologizing that it could no longer release the 2017 second quarter GDP report due to the Muslim holidays but ...

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Brics must promote open world economy, says Xi

The Brics group of emerging economies must promote trade liberalisation and an open world economy, Chinese President Xi Jinping said at a business meeting on Sunday at the start of a three-day summit being held in southeastern China. The heads of state from Brazil, Russia, India, China and South Africa will gather in the city of Xiamen through Tuesday, giving ...

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