Mobile phones and rising connectivity in Africa will give rise to a new market in mobile financial services, creating explosive opportunities for business on the continent, research has found.
The Boston Consulting Group (BCG) estimated that in three years, 250 million Africans without access to traditional banking services "will have mobile phones and a monthly income of at least $500".Full Story
Oil climbed in Asia Wednesday after Federal Reserve boss Janet Yellen's cautious remarks on the US economy weakened the dollar and traders nervously await Britain's vote on its future in the European Union.
Traders are also waiting for the release later in the day of official US stockpiles data, hoping for an idea about demand in the world's top oil consumer, after an industry group said supplies had tumbled last week.Full Story
Prime Minister David Cameron pleaded with Britons Tuesday to think of their children and their economic well-being before voting to quit the EU, as polls showed a razor-tight race with less than 48 hours before the referendum.Full Story
Ukraine said on Tuesday it was not hoping for fresh money from the International Monetary Fund this year, but said a payment delayed from 2015 should still come its way.
The announcement by Ukrainian Prime Minister Volodymyr Groysman signals the Fund's lingering reservations about the corruption and legislative problems besetting the cash-strapped former Soviet state.Full Story
Greece on Tuesday will receive 7.5 billion euros ($8.5 billion) in promised loans from its international creditors, senior European officials said.
European Commission chief Jean-Claude Juncker, who is on a visit to Greece told Greek President Prokopis Pavlopoulos: "The ESM payments will take place today."Full Story
Oil prices fell in Asia Tuesday, snapping two days of gains, ahead of a report on US crude inventories and the British referendum on whether to stay in the European Union.Full Story
Asian markets mostly rose again Tuesday on hopes Britain will choose to stay in the European Union, but traders are moving cautiously with the outcome on a knife-edge just days before voting.Full Story
World stock markets surged Monday, led by rallying banking shares, on growing expectations that Britain will vote to remain part of the European Union in Thursday's referendum.Full Story
On June 3rd, 2016 the Global Shapers of Beirut - a group of young leaders in their respective fields whose mission is to help alleviate the different existing challenges in the Lebanese capital from the waste management crisis to the refugee influx to youth empowerment - in collaboration with the Career Services of the Faculty of Arts and Sciences at the American University of Beirut (AUB) hosted a one day forum.
Titled “SHAPE YOUR CAREER,” this once in a springtime conference offered students from AUB as well as other universities the chance to connect with experts in their field of interest, who can highlight the challenges and opportunities, offer feedback, insight, guidance and mentorship on how to navigate through the job market in Lebanon.Full Story
India Monday announced a sweeping relaxation of foreign direct investment (FDI) rules in civil aviation, defense and a string of other sectors as part of efforts to open up the economy.Full Story