Tag: Economics
VW shrugs off pandemic effects in Q1, but chip supply a problem
Volkswagen Group posted a sharp rise in both profits and turnover for the first quarter leaving behind the effects of the coronavirus pandemic in...
Uber limits losses in first quarter of 2021
Ride-hailing company Uber is still struggling with the impact of the coronavirus pandemic but managed to significantly reduce its losses in the first quarter...
Air France-KLM Q1 loss narrows
Air France-KLM Group (AFRAF.PK), comprising Air France, KLM and Transavia, reported that its first-quarter net loss narrowed to 1.48 billion euros (1.78 billion dollars)...
PayPal Holdings Q1 adjusted earnings beat estimates
PayPal Holdings released earnings for its first quarter that rose from the same period last year.
The company's profit came in at 1.10 billion dollars,...
ArcelorMittal turns to profit in Q1
ArcelorMittal (MT) reported first-quarter net income of 2.29 billion dollars or 1.93 dollars per share compared to a net loss of 1.12 billion dollars...
Societe Generale turns to profit in Q1 on strong net banking income
Societe Generale SA (SCGLF.PK, SCGLY.PK) reported Thursday that its first-quarter Group net income was 814 million euros (979 million dollars), compared to last year's...
EU efforts to ratify Chinese investment deal paused after sanctions
A massive investment deal struck between the European Union and China will not be ratified any time soon due cracks in diplomatic ties, the...
Major European markets close weak
European markets ended notably lower on Tuesday following a sell-off in shares of technology firms and several top name companies from other sectors due...
Oil futures settle sharply higher again
Crude oil prices moved higher on Tuesday, extending gains from the previous session, amid continued optimism about increased demand for fuel in the US...
Gold futures settle lower as dollar rises
Gold futures settled lower on Tuesday as the dollar firmed up against other currencies amid likelihood of a hike in interest rates sometime in...
Fix new fares for drivers now – transport unions told
Commercial drivers in the Kumasi Metropolis have called on the leadership of the various transport unions to hasten the process of fixing new transport...
CRS, partners to introduce Water Fund to solve Tamale water challenges
The Catholic Relief Services (CRS) is partnering stakeholders in the water supply value chain to mitigate water supply challenges in Tamale and its environs.
The...
Colombian finance minister steps down in wake of protests
Colombian Finance Minister Alberto Carrasquilla resigned on Monday following violent protests against a controversial tax reform.
"I have accepted the resignation of Dr. Alberto Carrasquilla,"...
Gold futures snap four-day losing streak, settle notably higher
Gold futures settled higher on Monday, snapping a four-session losing streak, as the dollar turned easy and bond yields dropped after stock prices moved...
Crude oil futures settle higher
Crude oil futures closed notably higher on Monday amid hopes energy demand will increase in the U.S. following reopening of businesses in several parts...
Agrihouse Foundation holds Chicken festival to promote Ghana’s Chicken industry
Agrihouse Foundation, a pro agribusinesses NGO, in collaboration with the Eat Ghana Chicken Campaign, has held a Chicken festival to create awareness on the...
NPA reduces fuel margins to 9 pesewas
The 17 pesewas per litre increase in fuel margins previously announced by the NPA has been reduced to 9 pesewas per litre effective tomorrow...
Afcta’s success hinges on quality Standards-ARSO
Dr Hermogene Nsengimana, the Secretary-General and President of African Organisations for Standardization says the approval of the Pan African Quality Policy will improve product...
U.S. manufacturing growth unexpectedly slows in April
Growth in U.S. manufacturing activity unexpectedly slowed in the month of April, according to a report released by the Institute for Supply Management on...
Egg dealers unhappy with price increase by food vendors and retailers
Egg dealers are unhappy with price increase by food vendors, hawkers and retailers in the Sunyani Municipality.
In a market survey interview with the Ghana...
Government committed to the welfare of Ghanaian workers
Mr Simon Osei Mensah, Ashanti Regional Minister, has reiterated the government's commitment to improve the welfare of Ghanaian workers.
He said workers were the movers...
Wa market women cry foul over COVID-19 funds
Members of the Wa Market Women Association are crying foul over their inability to access some of the COVID-19 funds created by government to...
SEC pays GH¢768.26 million to claimants
The Securities and Exchange Commission (SEC) has paid GHc768.26 million to 6,916 claimants who signed up for the full bailout programme as at March...
COCOBOD urges farmers to support cocoa rehabilitation Programme
Dr Emmanuel Dwomo, Deputy Chief Executive Officer of Cocobod in charge of Agronomy, has urged Cocoa farmers and stakeholders in the Cocoa industry to...
Ghanaian President backs committee’s work on new minimum wage
President Nana Addo Dankwa Akufo-Addo says negotiations within the National Tripartite Committee working on to establish the minimum wage for 2021, has begun in...
Prices of disposable nose masks down in Kumasi
Prices of disposable COVID-19 nose masks in the Kumasi Central Business District have generally gone down due to the drastic reduction of wearing among...
Cape Coast Assembly digitizes property rates collection
The Cape Coast Metropolitan Assembly (CCMA) has begun piloting payment of property rates via electronic payment system in the Cape Coast North Sub-Metropolis.
The overall...
Women entrepreneurs in northern Ghana benefit from livelihood programme
Africa Skills Hub, in partnership with Canada World Youth- Jeunesse Canada Monde (CWY-JCM), has selected 100 women entrepreneurs for the Suhuyini Food and Beverage...
‘Stop indiscriminate harvesting of bamboo and rattan’
The Association of Bamboo Growers in the Assin South District of the Central Region has appealed to the Forestry Commission to check the indiscriminate...
Registrar General’s Department to improve online business registration
The Registrar-General’s Department, led by Mrs Jemima Oware, is undergoing an overview of its business processes with the view of mapping up a new...