… However, “if not successfully implemented, it runs the risk of becoming a very expensive white elephant,” Brendon Verster, senior economist at Oxford Economics, said. …
… It also disputed the use of an Oxford Economics estimate that the beer industry supported 52,000 jobs in 2023, saying that figure represented the sector’s wider economic footprint rather than jobs specifically dependent on the excise concession. …
… It expressed doubt over ABL’s $7.5 million and 2,000-jobs figures as unsubstantiated and not reproducible, and said a widely cited Oxford Economics sector-employment figure was being misapplied to a narrower policy question. …
… John Canavan, lead analyst at Oxford Economics, told the BBC the inflation risk from higher oil prices, along with high levels of government debt and uncertainty around the vast sums being invested into AI – and when that will pay off – were all playing a part in higher borrowing …
… Shigeto Nagai, head of Japan economics at Oxford Economics, told the BBC: “The United States agreed to participate in the coordinated intervention because it serves its national interests by offering the prospect of significant benefits at a low cost.” The two countries are expec …
… pushing up borrowing costs for Washington. “The United States agreed to participate in the coordinated intervention because it serves its national interests by offering the prospect of significant benefits at a low cost,” Shigeto Nagai, head of Japan economics at Oxford Economics …
… pressures.” Economists expected another quarter of double-digit growth in business spending on equipment. “The robustness is not limited to the AI capex boom but also reflects a rebound in firms’ spending on vehicles,” said Bernard Yaros, lead U.S. economist at Oxford Economics …
… Sonko “has signalled an intention to exercise strong parliamentary oversight, potentially constraining the executive’s ability to implement reforms aligned with IMF requirements,” Oxford Economics said in a note published on Monday. …
Billionaire Aliko Dangote is planning to build a $15–16 billion refinery in Lamu, Kenya, with a 700,000-barrel-per-day capacity and expected completion by 2030, but securing crude supply poses a challenge since Kenya currently has no commercial oil output, unlike Nigeria where Dangote's existing refinery operates.
Billionaire Aliko Dangote is planning to build a $15–16 billion refinery in Lamu, Kenya, with a 700,000-barrel-per-day capacity and expected completion by 2030, but securing crude supply poses a challenge since Kenya currently has no commercial oil output, unlike Nigeria where Dangote's existing refinery operates.
The government has rejected Accra Brewery PLC's warning that changes to Ghana's beer excise duty could threaten 2,000 jobs, saying the company has not provided sufficient evidence. The Finance Ministry argued that the existing tax concession was not achieving its intended purpose, with data showing that 85% of qualifying production by local manufacturers was already being assessed at the highest concessionary band.
The government has rejected Acra Brewery Limited's objections to amendments to Ghana's beer excise duty sliding scale, stating that the sliding scale has been retained in its three-band form with a 22.5 percentage point preferential margin for top-band producers. The government says the review was prompted by evidence that the concession is being claimed at a scale that local agricultural production does not support.
Long-term borrowing costs across major economies have reached their highest levels since 2007, driven by inflation concerns, government debt, and AI spending. Rising oil prices, fueled by Middle East tensions, are pushing bond yields higher as investors fear inflation may spike again.
Disney and TikTok have agreed a deal allowing creators to use clips from Disney films and TV shows, including franchises like Star Wars, Toy Story, and the Marvel Cinematic Universe, in their videos. The scheme will launch in the US before rolling out to other countries.
Disney and TikTok have agreed a deal allowing creators to use clips from Disney films and subsidiaries—including Star Wars, Toy Story, and Marvel—in their videos, which will also be shared on Disney's short-form video platform Verts. The scheme launches in the US before rolling out to other countries.
Japan and the US have confirmed a joint intervention last week to halt the yen's slide to a 40-year low, marking their first coordinated action since 2011. Both countries' finance officials said they will not hesitate to conduct more joint interventions in the future.
Japan and the US jointly intervened last week to halt a decline in the yen after it weakened to a fresh 40-year low. The joint intervention is the first since 2011, and both countries' finance officials said they will not hesitate to conduct coordinated interventions in the future.
New orders for key US-manufactured capital goods increased strongly in June while shipments posted their largest gain in 4½ years as businesses ramped up spending on artificial intelligence. The broad increase in core capital goods orders was powered by robust demand for computers, electronic products, electrical equipment, and appliances.
Ousted Prime Minister Ousmane Sonko announced his Pastef party will not participate in Senegal's new government after disagreements with President Bassirou Diomaye Faye, complicating negotiations with the International Monetary Fund over a lending programme as the country faces a debt crisis.