China’s export growth slumped in April to its lowest level in almost two years as the country’s “zero-COVID” policy continues to impact manufacturers and, according to trade experts, pushes many foreign businesses to reconsider operations in China.Expo…
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Regional Economic Outlook: Sub-Saharan Africa – “A New Shock and Little Room to Maneuver”
• A promising regional recovery has been disrupted by the war in Ukraine. Last year, activity surprised on the upside, lifting projected growth from 3.7 to 4.5 percent. But the war has introduced a new and tragic development, with the result that growt…
South Africa Floods Could Hurt China Trade
Some of the worst flooding in South Africa’s history has left more than 400 people dead and some 40,000 displaced, dealing a devastating blow to the eastern city of Durban, which has a seaport that has also been badly affected.With the port not fully f…
UN: Aging Supertanker Off Yemen at ‘Imminent Risk’ of Spilling Oil
The United Nations warned Friday that an old, neglected oil tanker carrying more than a million barrels of oil is a ticking “time bomb” at “imminent risk” of a major spill off the coast of Yemen that could cost $20 billion to clean up.”If it were to ha…