Economy
Korean Air orders 40 Boeing planes
Korean Air lodged a firm order Monday for 40 Boeing 787 and 777X wide-body aircraft at Britain's Farnborough airshow, handing a boost to the embattled US aviation giant. Boeing on Monday also announced that US group National Airlines had placed a firm order for four 777-200 wide-body cargo planes. mra-rfj/bcp/rl
“Full list”: IMF names 10 African countries facing biggest debts
About 10 African countries, including Nigeria, have labeled some of the countries facing debt exposure to the International Monetary Fund (IMF) as of July 19, 2024.
Zenith Bank competes with world's biggest banks, ranks as strongest in Nigeria
For the fifteenth year running, Zenith Bank Plc has remained at the top of The Banker Magazine's 2024 Top 1000 World Banks' Rankings in terms of Tier-1 capital.
UK unveils training effort to reduce reliance on migration
Prime Minister Keir Starmer vowed Monday to reduce the UK's "long-term reliance on overseas workers" as he unveiled a new skills training organisation aimed at boosting productivity and economic growth. "We're turning the page on that," he insisted, pledging to "reduce our long-term reliance on overseas workers".
Nomadic roots, urban lives: the young Mongolians leading a transition
Freezing from horseback riding in the winter and helping her herder parents tend to livestock during summers spent outdoors -- Bat-Erdene Khulan vividly remembers her childhood on Mongolia's steppe. It's "difficult seeing a cement roof instead of your livestock", he said -- a common refrain from herders, so accustomed to life outdoors and the freedom of the steppe.
China central bank cuts two key rates to support flagging economy
China's central bank on Monday cut two benchmark interest rates in a bid to boost lending and kickstart growth in the world's second-largest economy. - Sluggish growth - The economy slowed sharply in the second quarter, with data last Monday showing growth of 4.7 percent, well below expectations and sharply down from 5.3 percent in the previous three months.
Asian markets drop as Biden drops out of White House race
Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, while traders appeared to be unmoved by China's decision to cut interest rates in a bid to boost the country's stuttering economy.
UN urges Gilead to 'make history' with game-changing HIV drug
Gilead could bring the AIDS pandemic towards an end if the US pharmaceutical giant opens up access to its game-changing new HIV drug, the head of UNAIDS told AFP. Winnie Byanyima urged Gilead to "make history" by allowing generic manufacturing of Lenacapavir, a twice-yearly injectable antiretroviral medication used to treat HIV patients.
China central bank says cuts two key rates to support economy
China's central bank on Monday cut two benchmark interest rates in a bid to boost lagging growth in the world's second-largest economy. The one-year LPR, which constitutes the benchmark for the most advantageous rates that banks can offer to businesses and households, was cut from 3.45 percent to 3.35 percent.
Economy
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