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Is Walmart a sign of things to come for the US economy?
Walmart is expecting terrible earnings — and that’s not great news for the US economy: The company’s share price fell…
US equities are continuing to rally despite a poor earnings season
US shares are rallying this month despite weak 2Q earnings reports and gloomy economic outlooks, the Wall Street Journal notes.…
BRI blowback
China’s Belt and Road Initiative could be in trouble as debt crises loom in emerging markets: The ambitious overseas lending…
Nigerian auto startup plans to launch EVs in Egypt next year
This Nigerian startup is planning to launch EVs in Egypt: Metro Africa Xpress plans to debut its electric vehicles in…
The incoming EM debt crisis is getting worse
The number of emerging-market countries at risk of default is at a record high after Angola and Gabon became the…
FMO commits USD 10 mln to Algebra’s second tech fund
Dutch development bank FMO has pledged USD 10 mn to Algebra Ventures’ second tech fund, the bank and our friends…
“Dire level” of pessimism among US fund managers as economic concerns rise
Funds are worried about where stocks are headed + pile into cash: Stock allocations among heavyweight investors are at the…
We’re getting USD 271 mn from AfDB for food security
The AfDb is giving us USD 271 mn for food security: The African Development Bank (AfDB) given Egypt a USD…
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