Though benefiting from little media coverage over the past years, several large areas in Africa have seemed to break free from the vicious circles of poverty and have been posting outstanding growth rates for many consecutive years. While economists often shrugged before, looking at high African growth rates, expecting them to collapse at the next political crisis, a handful of countries have been resisting crises and building their wealth and infrastructural resilience throughout instability phases, paving the way for long-term growth.

President of the United States Donald Trump recently praised founder of Alibaba, Chinese billionaire Jack Ma, for his promise to help small and medium-sized businesses in the US sell their products through the company's Internet platforms. This new step is expected to create new jobs in the US. However, Alibaba sites have become more of a hindrance than a help for small US businesses. In December...

Consulting company Capgemini has published a study on the impact of new technologies on consumer behavior when choosing, purchasing or owning a car. 34% of respondents told that such mobile services are a worthy substitute for private ownership of a car. Researchers believe that such changes in consumers' behavior should force automakers to change their strategy. According to Capgemini’s recent...

Collapse of US stock exchanges due to the ongoing scandals around Donald Trump caused a stormy reaction among analysts. One of them, professor of the Wharton business school at the University of Pennsylvania, Jeremy Siegel, believes that if President Trump resigns, the Dow Jones index will soar by 1,000 points. Consequences of scandals, which continue to shake Donald Trump’s administration, have...

Portfolio managers of the largest investment funds have become less afraid of the EU’s collapse. Supporters of a united Europe, primarily, the centrist Emmanuel Macron, are winning, slowdown of China's economy is gradually becoming the number one risk in the investors’ view. At the same time, shares of European companies are the most popular, while investors prefer to avoid American and Russian...

Solarworld, Germany's largest producer of solar panels, has failed to stand a competition with Chinese companies that flooded the solar energy market with inexpensive panels. As reported by Reuters, Solarworld intends to file an application for bankruptcy of the company. The manufacturer noted in a statement that prices on the market have been relatively low for quite a long time. In this regard,...

Consumers from developing countries, particularly, China, the United Arab Emirates and Russia, remain the main engine of growth in the global luxury market, according to Delloitte’s report. The share of consumers that increased spending on high-end products in the last five years amounted to 70% in these countries against 53% in developed markets (such as the EU, the US and Japan). Over the past...

The OPEC countries came to an agreement on extending the oil production restriction to the second half of the year, an Iraqi representative said. This agreement, according to some market participants, can cause significant damage to producers. Stabilization of the market and growing prices will become real if only the US, which once again increased production of shale oil, joins the freeze...

Rate of bitcoin, the most popular crypto currency in the world, set a new record of value, going over the mark of $ 1,700 and having increased by 45% in the last month. A new surge of interest in bitcoin has already led some analysts to say that the rate of this crypto currency can reach almost $ 4000by the end of the year. Yesterday, the bitcoin rate reached a new record of $ 1,760, thus showing...