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United States News
- Global deal activity down 27.5 percent Month-on-Month (M-o-M) and 46.7 percent Year-on-Year (Y-o-Y) in January 2023.
- All the deal types under coverage witnessed massive double-digit decline
- According to the data, a total of 3,667 deals* were announced globally during January 2023, which is a decline of 27.5 percent compared to 5,055 deals announced during the previous month and a massive 46.7 percent Y-o-Y (Year on Year) decline over January 2022.Â
Mergers and acquisitions, private equity, and venture financing deal activity is off to a slow start in 2023 globally as the first month of the year itself saw a significant contraction in deals volume according to the latest data from GlobalData, data and analytics company.Â
According to the data, a total of 3,667 deals were announced globally during January 2023, which is a decline of 27.5 percent compared to 5,055 deals announced during the previous month and a massive 46.7 …
- Inflation is cooling gradually but remains stubbornly high in most economies, including Africa, UK and U.S. despite the efforts of central banks according to economic experts.Â
- In 2023 EIU forecast that disinflation in SSA will be slower than on all continents barring Latin America and Asia and Australasia, and that SSA inflation will average 12.5 percent.Â
- Markets are now betting on a longer period of higher interest rates as they begin to take heed of the message from central bank officials.
Inflation is cooling gradually but remains stubbornly high in most economies, including Africa, UK and U.S. despite the efforts of central banks according to economic experts.
Average annual inflation in Sub-Saharan Africa (SSA) in 2022, hit 14.5 percent year-on-year on aggregate according to Economist Intelligence Unit (EIU) and is estimated to have been higher than in any other region of the world except the Middle East and North Africa, …
It looks like a Biden victory has for all intents and purposes been decided in the rather interesting election in the US elections 2020, which saw the largest voter turnout since 1990. The result of the elections stands to have a far-reaching effect on African economies and on South Africa in particular.Â
Why is South Africa of consequence?
The US is one of South Africa’s largest export destinations with 2019 figures indicating exports to the USA valued at ZAR 89 billion ( USD5.7 billion) in iron and steel, precious metals, and mineral products among others. In terms of imports, the US commands a significant share of American imports, a figure that stood at ZAR 83 billion (USD5.3 billion) as of 2019.
South Africa is the second biggest gold producer and the largest procedure of minerals such as chrome, platinum, and vanadium. The country also has a significant agricultural sector …
US Election 2020
The US presidential race is in the final stages now. While vote counting is still ongoing, indications at this stage show that voters are leaning towards the blue, Democratic party, candidate Joe Biden both in the popular vote and in the electoral college vote.Â
While at this juncture, we will not go into explaining the dynamics of the US electoral system, it’s enough to say that pulling a vote on both fronts is a good indication for the leading party.Â
In a move that sounds very much like an African election headline, the American media carried reports that the incumbent president’s campaign team has sued to stop vote-counting in some states such as Michigan and Pennsylvania. The effect of that lawsuit remains to be seen.Â
The top job in the USA is a matter not only affecting the citizens of the USA but also the global citizens …
Tik-Tok and We Chat Now Banned in the United States.
The US has banned the popular video challenge App Tik Tok along with the mobile payment platform WeChat, citing home security threats.
In a move that was widely unexpected, despite the mounting Sino-US trade tensions. Tik Tok is very popular in the US (and around the world) and wracks in millions in advertisements and fees.
As of tomorrow (Sunday 20th, 2020) We Chat will be shut down in the US but Tik Tok will have some leeway all the way to November. Should the supposed threat be neutralized before then, then the US will lift the ban, China has been informed.
Explaining the ban, Commerce Secretary Wilbur Ross said “The Chinese Communist Party has demonstrated the means and motives to use these apps to threaten the national security, foreign policy, and the economy of the US.”
Home security threat …
