Emerging markets will overtake the Western world in terms of the collective nominal size of their economies by 2050, with China and India as the second and third largest behind the US, according to Capital Economics’ long-term forecasts.
It's predicted that 3bn people will live in zones that have been made uninhabitable (black areas) by 2070, say scientists.
Wartime support for Ukraine contributed to hike in investment, and the EBRD is committed to continue support through 2024 and beyond, says development bank’s president.
Africa has the most profitable banking sector in the world and its massive unbanked population is creating enormous opportunities for incumbent banks and fintech companies alike.
The devastating earthquake that struck Morocco on Friday night has left a trail of destruction with an estimated 2,500 dead at the last count, in a death toll that is bound to rise further.