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Africa so Rich and yet some very Poor

Africa so Rich and yet some very Poor

In a century experiencing huge technological advancements and globalisation Africa is still struggling against poverty, wars, corruption, in a word, against underdevelopment. Responsibility for all these resides on national governments and on the International Community. (Africa files). The idea that Africa is a continent with plenty of natural resources is unarguable. Yet people in Africa […]

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The US 7.8% unemployment rate Decline, A Plus or a Minus for Obama’s upcoming Re-election Campaign?

The US 7.8% unemployment rate Decline, A Plus or a Minus for Obama’s upcoming Re-election Campaign?

Jobless rate declines to 7.8%. U.S. unemployment rate fell to 7.8% in September 2012 from 8.1% in August – its lowest rate since January 2009 when President Barack Obama took office – figures from the Department of Labor show. To help bolster recovery in the flagging economy, the Federal Reserves last month launched a third […]

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World Economy!

World Economy!

Output expansion in the world’s 20 largest economy stalled in Q2 Output expansion in the world’s 20 largest economy – G20 – stalled in Q2 2012. GDP growth in the economies of the 20 biggest contributors to global output increased by 3% in the three months ending June compared with 3.2% in Q1 2012, a […]

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A Conflict of Litigation with the Two Giants

A Conflict of Litigation with the Two Giants

After a year of scorched-earth litigation, a jury decided Friday that Samsung ripped off the innovative technology used by Apple to create its revolutionary iPhone and iPad. The jury ordered Samsung to pay Apple $1.05 billion. An appeal is expected. Apple Inc. filed its patent infringement lawsuit in April 2011 and engaged legions of the […]

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The Sunmmit Surprises!

The Sunmmit Surprises!

After 18 disappointing Summits, Europe leaders finally agreed to what seems like a lasting solution to the long debated debt crisis in the 17-member bloc. In doing this, ailing banks would be recapitalized with funds intended to bail out indebted governments – a move to “break the vicious circle” of bank bailouts, piling debt on […]

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Moody’s Goes Downgrade on the Big Cows

Moody’s Goes Downgrade on the Big Cows

Moody’s downgrades big banks Fifteen global banks suffered credit rating downgrades on concerns over ability to repay debts following significant exposure to volatility in world’s financial markets, a Moody’s Investor Service Report shows. Amongst banks downgraded were Royal Bank of Scotland, Barclays and HSBC. The Bank of America, Goldman Sachs, Morgan Stanley and Citigroup were […]

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A Medical Doctor That is Made The World Bank President

A Medical Doctor That is Made The World Bank President

The World Bank has named US doctor Jim Yong Kim as its next president. The appointment came as Dr Kim’s only rival, Nigerian Finance Minister Ngozi Okonjo-Iweala, lashed out at Washington’s perennial lock on the job. The US nominee faced a challenge for the first time ever. But there was little doubt that the bank’s […]

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Dynamics of the African Consumer Market-Part 2

Dynamics of the African Consumer Market-Part 2

Challenges to Increased Consumer Spending In spite of the substantial growth prospects for consumer spending, key challenges remain, with regard to market structure, distribution channels, and level of skills. Market structure: Africa’s consumer market is heterogeneous and highly segmented. Due to different income levels between countries and within countries, and due to cultural, geographical, and […]

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Dynamics of the African Consumer Market-Part 1

Dynamics of the African Consumer Market-Part 1

Following a decade of average increases in real GDP exceeding 5%, African economies are expected to sustain high levels of economic growth over the next decade boosted in part by domestic demand due to a steady increase in private and public investment1. In turn, rising real incomes will lead to higher consumer spending which is […]

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The World Economy at a Glance

The World Economy at a Glance

EU summit: All but two leaders sign fiscal treaty. 25 of the European Union leaders have signed a new treaty to enforce budget discipline within the bloc. This new treaty aims to prevent the 17 euro-zone states running huge debts like those which sparked the need for bailouts for countries such as Greek, Ireland and […]

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