Hyundai Motor Group’s (HMG) strategic push in the United States has received a significant boost following the announcement of a newly agreed trade deal between South Korea and the US. The agreement, confirmed by South Korean officials, includes a vital reduction of US import tariffs on South Korean vehicles. The
Trade in goods between Singapore and South Africa soared to US$1.4 billion in 2024, nearly doubling 2020 levels. This significant increase highlights a broader shift as companies re-evaluate supply chains, production bases, and logistics hubs in response to global economic instability. Singaporean firms, facing a limited domestic market and rising
Artificial intelligence has become the newest frontier in global economic competition not only between companies, but between entire states. Across the Global South, governments are beginning to recognise that AI is no longer a matter of technological adoption; it is a question of national power, data control, and industrial positioning.
In a striking realignment of global oil dynamics, the alliance of leading producers, OPEC+, signals a readiness to unwind previously rigid output cuts, thereby re-asserting itself as the pivotal balancing force in the oil and gas industry. With the group responsible for roughly 59% of global oil production in recent
As the G20 approaches in November, great time and effort needs to be put into aligning the Global South, not just to blanket Sustainable Development Goals (SDGs) focusing on the weaknesses of the Global South and Africa in particular, but to cultivate these weaknesses into strengths. On the back of
This announcement represents more than a mere administrative adjustment; it signifies a transformation in how international markets view Africa’s leading economies. Specifically for Nigeria and South Africa, this delisting serves as both a diplomatic and economic endorsement. This vote of confidence has the potential to redefine capital flows, influence investor
South Africa faces a systemic skills crisis, not merely a lack of people. The current educational and training systems are inadequate in developing the competencies required by businesses, while policies for attracting international talent are outdated. This problem is exacerbated by rapid global technological advancements, particularly in areas like AI,
Centre-right candidate Rodrigo Paz Pereira has won Bolivia’s presidential runoff, ending nearly two decades of leftist rule and signalling a potential recalibration of the country’s international alliances, including its relationship with the BRICS bloc. In a significant political realignment, centre-right senator Rodrigo Paz Pereira was elected as Bolivia’s next president
In the United Arab Emirates, the Central Bank of the UAE (CBUAE) lowered its base rate on the overnight deposit facility by 25 bps to 3.90 per cent, easing from 4.15%. The move takes effect immediately and marks the second rate cut of the year for the UAE. Similarly, Saudi
Amid mounting trade shocks and heightened geopolitical uncertainties, Chinese President Xi Jinping will join leaders from APEC economies in South Korea in the coming days, in a bid to build consensus for shared prosperity and reaffirm China’s commitment to open, inclusive economic globalisation. The International Monetary Fund has projected that