Over the next five years, IBM has unveiled a massive $150 billion investment plan in the United States, with $30 billion specifically allocated for research and development to support advanced computing, including mainframes and quantum technology. “Technology doesn’t just build the future — it defines it,” said IBM chairman and CEO Arvind Krishna, underscoring the […]
THE United Kingdom is committed to strengthening bilateral relations with Zimbabwe, with a particular focus on enhancing trade and investment between the two countries, British Ambassador to Zimbabwe, Mr Pete Vowles, has said. Speaking at the Zimbabwe International Trade Fair (ZITF) 2025 Welcome Cocktail, co-hosted by the ZITF Company and the British Embassy, in Bulawayo […]
Beijing has pledged to allow more participation by foreign companies in sectors including telecommunications, healthcare and education in its latest attempt to attract and retain investment from overseas amid worsening geopolitical tensions. According to a 20-point 2025 action plan from the Ministry of Commerce and the National Development and Reform Commission that was unveiled on […]
California’s economy has surpassed Japan’s, making the Golden state the fourth largest economy in the world, Governor Gavin Newsom announced on Thursday. The state’s nominal GDP reached $4.1tn, according to data from the International Monetary Fund and the US Bureau of Economic Analysis, edging out Japan’s $4.02tn nominal GDP. California now ranks behind the US at $29.18tn, China at $18.74tn […]
The World Bank has projected that Nigeria’s economy will grow by 3.6 per cent in 2025, building on an estimated expansion of 3.4 per cent in 2024, as key macroeconomic reforms begin to stabilize the business environment. The bank also said Nigeria is now home to 15 per cent of the world’s extremely poor people, […]
Morocco’s King Mohammed VI gave the go-ahead on Thursday for a rail expansion plan worth 96 billion dirhams ($10.3 billion), including the construction of a high-speed line to Marrakesh, the country’s main tourist hub, by 2030, state media reported. Morocco’s preparations to co-host the World Cup in 2030, together with Spain and Portugal, has spurred […]
Relx PLC on Thursday launched a GBP300 million share buyback programme as it said 2025 has started well across all business areas. The London-based provider of business, scientific and legal information said it will repurchase shares worth GBP300 million in the buyback programme, which starts immediately and will end on June 13. The new buyback […]
Britain will host an energy security summit on Thursday, kicking off the meeting by pledging to invest 300 million pounds ($399 million) in the domestic supply chain for offshore wind projects. Security of energy supplies shot up the agenda of countries around the world after Russia’s invasion of Ukraine in 2022 led to global price […]
The African Trade & Investment Development Insurance (ATIDI) supported the Republic of Benin’s latest financing transaction, providing a second-loss guarantee for Deutsche Bank’s EUR 507.5 million loan to the country. This milestone transaction reinforces ATIDI’s commitment to unlocking access to innovative financial solutions that enhance economic stability and sustainable development across Africa. The senior unsecured amortizing term […]
Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Amardeep Bhatia, chaired a high-level review meeting under the aegis of the Project Monitoring Group (PMG) to assess the progress of mega projects across Uttar Pradesh, Haryana, Punjab, and Uttarakhand. The meeting brought together senior officials from central ministries, state governments, and project […]