The British Treasury chief, Rachel Reeves, is set to announce a major budget plan that includes a staggering $51 billion (or 40 billion pounds) in tax increases. This is her first budget since the Labour Party took power in July. Reeves believes these tax hikes are necessary to fill what
Africa is home to many valuable minerals, and recently, there’s been a big rush for one mineral in particular: lithium. This is causing fierce competition between Western countries and China, as both sides try to secure their share of Africa’s rich resources. As the mining industry in Africa grows, it’s
At the recent BRICS summit in Kazan, Russia, there was a powerful message from Thailand’s top diplomat, highlighting what could be a major shift in the world order: the rise of the “Asian Century.” This idea sees the Asia-Pacific region, including countries like China, India, and Southeast Asia, leading global
As top finance officials from around the world prepare to meet in Washington, the International Monetary Fund (IMF) is sending a strong warning: it’s time for countries to get their finances in order. With a crucial U.S. election just weeks away and memories of a recent inflation crisis still fresh,
For more than 20 years, Zimbabwe has been facing sanctions from the United States and the European Union. These sanctions were imposed because of concerns about human rights and democracy in the country. The Southern African Development Community (SADC) and the United Nations have reported that these sanctions have made
In 2003, a company called Africa Practice was founded to help businesses, governments, and non-profits successfully work within Africa’s political and business environments. They do this by providing advice on strategic communication and policy. Another organization, Africa No Filter, focuses on changing negative stereotypes about Africa by supporting storytellers and
Data analysis reveals a striking disparity in wealth across generations in the United States from 1990 to 2023. Despite comprising only 20% of the population, Baby Boomers owned more than half of the country’s net wealth by 2023. This generation benefited from favorable economic conditions, including robust stock markets and
