The European Business Council for Africa

America’s aggressive use of sanctions endangers the dollar’s reign

Its rivals and allies are both looking at other options

 

Ever since the dollar cemented its role as the world’s dominant currency in the 1950s, it has been clear that America’s position as the sole financial superpower gives it extraordinary influence over other countries’ economic destinies. But it is only under President Donald Trump that America has used its powers routinely and to their full extent, by engaging in financial warfare. The results have been awe-inspiring and shocking. They have in turn prompted other countries to seek to break free of American financial hegemony.

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Prospects for economic growth in 2020 hinge on reducing trades disputes and uncertainty, the UN finds

The United Nations’ flagship publication on expected trends in the global economy, the World Economic Situation and Prospects 2020, predicts that one in five countries will see per capita incomes stagnate or decline this year.

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America and China sign a trade deal

But it will be an uneasy truce

 

With his habit of announcing trade deals only for them to dissolve within weeks, President Donald Trump is a standing reminder that talk is cheap. But on January 15th he signed a phase one trade agreement with China alongside Liu He, the Chinese vice-premier, and published its contents for the world to see. The 86 pages set out the terms of a new economic relationship between these two giants. Alongside some welcome measures, there are some howlers—and glaring omissions.

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Why China’s assault on Cathay Pacific should scare all foreign firms

China can get its way in corporate boardrooms but hurts itself with its pressure tactics

 

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Global foreign direct investment (FDI) flows fell by 23% in 2017, to $1.43 trillion from $1.87 trillion in 2016, according to UNCTAD’s World Investment Report 2018. The decline is in stark contrast to other macroeconomic variables, which saw substantial improvement in 2017.
“Downward pressure on FDI and the slowdown in global value chains are a major concern for policymakers worldwide, and especially in developing countries,” UNCTAD Secretary-General Mukhisa Kituyi said.
“Investment in productive assets will be needed to achieve sustainable development in the poorest countries.”

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" Les investisseurs français en Afrique attendent d'Emmanuel Macron un vrai "virage africain"."

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By : Mr. Etienne Giros, Deputy Chairman of the CIAN.

Le Monde

 

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