In Euromonitor International’s Q2 2024 baseline forecast, global real GDP growth is expected to reach 2.9% in 2024 (0.2 percentage points higher than in the Q1 2024 estimation) and 3.1% in 2025. In the Q2 2024 baseline forecast, real GDP growth projections for advanced economies were revised upwards to 1.4% in 2024 and 1.7% in 2025Source: Euromonitor International’s Q2 2024 baseline forecastThe upwards revision is mainly due to the considerably improved outlook for the US economy in 2024, as it entered the year on a strong footing. Excluding Argentina (where hyperinflation is expected to accelerate remarkably in 2024), global inflation would be at 4.5% in 2024 and 3.0% in 2025. Geopolitical tensions remain the primary upside risk to global inflation and thus downside risk to economic growth in Q2 2024 and beyond. Learn more about the global economic outlook in Q2 2024 and the impacts of different macroeconomic scenarios in our full report “Global Economic Forecasts: Q2 2024”.

May 07, 2024 08:06 UTC

Future Africa and CatalyzU have partnered to launch the “How to Startup” fellowship, a seven-week programme designed to empower African entrepreneurs and equip them with the essential skills and knowledge needed to build successful businesses. Future Africa is a leading pan-African VC firm, while CatalyzU vets, trains, and places Africa’s leading talent. The two have now partnered to launch “How to Startup”, a new initiative aimed at startup founders, aspiring founders, startup employees, and even corporate innovators eager to launch and scale innovative ideas in Africa. Participants will learn directly from the best in the business, gaining practical strategies from live learning, and real-world case studies that aim to foster a deeper understanding of the unique nuances of the African startup ecosystem. Applications for the CatalyzU “How to Startup” fellowship are open here.

May 07, 2024 07:08 UTC

SKOPJE, North Macedonia — Voters in Northern Macedonia go to the polls Wednesday for a double election — parliamentary and presidential — following a campaign in which the country’s aspirations to join the European Union have played a central role. The office of prime minister wields the real power, and the president is largely ceremonial, so the parliamentary election is the more important of the two contests. The opposition center-right coalition, which is pushing back against neighboring Bulgaria’s conditions for the country’s EU candidacy, is favored to win both elections.

May 07, 2024 06:52 UTC

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May 07, 2024 03:54 UTC

As the CEO of The Africa Center, he is dedicated to promoting new narratives about Africa and its Diaspora. The writer Teju Cole described Africa Is a Country as “basically the inside of my head.” His book, Media in Postapartheid South Africa: Postcolonial Politics in the Age of Globalization, was published on May Day 2019. He was born in Cape Town, South Africa, where he worked for the Institute for Democracy in South Africa and as a journalist. Anderson Tepper is curator of international literature at City of Asylum in Pittsburgh. His article on Wainaina, “A Provocative Satirist Left a Pervasive Legacy, Influencing African Writing,” appeared in The New York Times last May.

May 07, 2024 03:17 UTC

If Applicant's principal place of business is located outside North Carolina, ATTACH list of street addresses of any applicant offices located in North Carolina. Are ANY of applicant's' owners, directors, officers, or employees RELATED as parent, spouse, child, or sibling to ANY of applicant's other directors, officers, owners, or employees? ☐ Yes ☑ No If answer is YES, attach a brief written explanation. ☐ Yes ☑ No If answer is YES, attach a brief written explanation. ☐ Yes If answer is YES, attach a brief written explanation.

May 07, 2024 00:54 UTC

ConocoPhillips begins oil production from $1.2 billion Eldfisk North project in North Sea ahead of schedule(WO) – The licensees of the Eldfisk Field, operated by ConocoPhillips Skandinavia AS, announced successful first oil production on the Eldfisk North Project, in the Greater Ekofisk Area of the North Sea. Oil and gas resources from the new project development are being produced ahead of schedule. In December 2022, the Norwegian authorities approved the Eldfisk North Plan for Development and Operation (PDO), with original production start scheduled in the second quarter of 2024. The Eldfisk North Project comprises three 6-well subsea templates approximately 7 km from the Eldfisk Complex. The Eldfisk North Project will use available capacity at Eldfisk 2/7 S for processing and transportation, utilizing existing infrastructure in the Greater Ekofisk Area.

May 06, 2024 20:45 UTC

In Africa, women often face greater vulnerability to climate change due to their social roles, economic circumstances and limited access to resources. African women are more likely to die from communicable diseases such as HIV, tuberculosis, malaria and nutritional deficiencies than men. Although North Africa has lower gender inequality in education, this hasn’t meant progress for women in the labour market. Even in education, where Africa has made significant progress in reducing gender inequality, girls in sub-Saharan Africa are still the most disadvantaged compared to other global regions. The services sector greatly benefits from reduced gender inequality, gaining $174 billion in added value compared to the current growth trajectory by 2043.

May 06, 2024 20:35 UTC

The licensees of the Eldfisk Field, operated by ConocoPhillips Skandinavia, have announced successful first oil production on the Eldfisk North Project, located in the Greater Ekofisk Area in the North Sea. Oil and gas resources from the new project development are being produced some weeks ahead of plan. In December 2022, the Norwegian authorities approved the Eldfisk North Plan for Development and Operation (PDO) with original production start scheduled in the second quarter of 2024. The Eldfisk North Project comprises three 6-well subsea templates located approximately seven kilometers from the Eldfisk Complex. The Eldfisk North Project will use available capacity at Eldfisk 2/7 S for processing and transportation, utilizing existing infrastructure in the Greater Ekofisk Area.

May 06, 2024 16:25 UTC

Canon Central and North Africa (CCNA) has announced key leadership appointments in its Business-to-Business (B2B) and Business-to-Consumer (B2C) business units. Effective April 1, 2024, Amine Djouahra has been named B2B Business Unit Director, while Rashad Ghani assumes the role of B2C Business Unit Director. His expertise in market penetration and expansion strategies, coupled with a customer-centric approach, uniquely positions him to lead Canon’s B2B strategy in the Middle East, Central, and North African markets. Preceding his current role, Amine served as the B2C Business Unit Director for the region. Rashad Ghani, with 23 years of experience in business development and sales, steps into the Canon B2C leadership role.

May 06, 2024 14:31 UTC

The facility expansion is planned to ensure a global supply of functional excipients for RNA therapeutics while also boosting the biopharmaceutical excipient sector. Biopharmaceutical Excipient Manufacturing Market Dynamics:Market Drivers: Rise in Biologics DevelopmentAs the cancer burden grows, so does the demand for a wide range of biological therapies. The biopharmaceutical excipient manufacturing market in North America is expected to have substantial revenue growth and a strong CAGR in the near future. The region's growth can be attributed to the existence of multiple prominent pharmaceutical manufacturing enterprises. This has prompted some regional excipient manufacturers to attain the necessary production scalability by utilizing biopharmaceutical excipients that meet regulatory standards.

May 06, 2024 13:47 UTC

Last month, Colombia announced that it will apply for membership in the BRICS, and Argentina formally requested to become one of NATO’s global partners. After all, in 2014, Colombia under then-President Juan Manuel Santos was seen as the United States’ strongest ally in Latin America. Meanwhile, Argentina under then-President Cristina Fernandez de Kirchner was a member in good standing of the “Pink Tide,” while taking loans from China and considering a rapprochement with Iran to boot. The shifts announced last month are a sign of Latin America’s changing diplomatic alliances, but it would be a mistake to read too much into them. As a result of the diplomatic efforts of Brazilian President Lula da Silva, Argentina—at the time led by Lula’s ally, former President Alberto Fernandez—was one of six countries that received an invitation.

May 06, 2024 13:31 UTC

Canon Central and North Africa (CCNA) (Canon-CNA.com), a global leader in imaging solutions, is pleased to announce two strategic leadership appointments in its Business-to-Business (B2B) and Business-to-Consumer (B2C) business units, respectively. Effective 1 April 2024, Amine Djouahra has been appointed as B2B Business Unit Director, with Rashad Ghani stepping up into the role of B2C Business Unit Director. Amine’s profound understanding of the Middle East, Central, and North African markets uniquely position him to spearhead Canon’s B2B strategy. Distributed by APO Group on behalf of Canon Central and North Africa (CCNA). Media enquiries, please contact:Canon Central and North AfricaMai Youssefe. Mai.youssef@canon-me.comAPO Group – PR AgencyRania ElRafiee. Rania.ElRafie@apo-opa.comAbout Canon Central and North Africa:Canon Central and North Africa (CCNA) (Canon-CNA.com) is a division within Canon Middle East FZ LLC (CME), a subsidiary of Canon Europe.

May 06, 2024 12:55 UTC

IFS is conducting their Middle East regional customer and partner event, IFS Connect, in Riyadh. Q: I understand IFS is organizing IFS Connect in Riyadh. A: We are looking forward to IFS Connect in Riyadh, where we anticipate over 250 customers and partners will attend the event. Attendees can explore the exhibition stands where they can get first-hand experience of IFS solutions such as IFS Cloud, IFS.ai, IFS ERP, IFS EAM, IFS assyst and interact with industry experts. With the central focus on unlocking business value with IFS Cloud and IFS.ai the event theme highlights how customers can increase productivity, predictability, and agility.

May 06, 2024 12:50 UTC

Stellantis Pro One Middle East and Africa region market share reached 26% in the first quarter of 2024. “The Q1 2024 sales performance in commercial vehicles confirms and validates our Stellantis Pro One strategy,” said Xavier Peugeot, Stellantis Senior Vice President, Commercial Vehicles Business. 1 spot in the Middle East & Africa region for the second consecutive quarterLed by strong performance in Algeria with the FIAT Professional brand, Stellantis achieves leadership in the region becoming No. India & Asia Pacific:Peugeot light commercial vehicles retail sales improved 50% versus the first quarter of 2023FIAT Professional commercial performance increased 8% year-over-year, thanks to the brand’s strong performance in AustraliaRam remains the No. Stellantis Pro One is fully part of the company ambition to become a carbon net zero corporation by 2038, all scopes included, with single-digit percentage compensation of remaining emissions.

May 06, 2024 11:06 UTC