Farouk Soussa, vice president for MENA economics research at Goldman Sachs Group Inc., talks about Middle East economies' dependence on oil, the governments' policies, and Egyptian bonds. He speaks with Tracy Alloway and Manus Cranny on "Bloomberg Daybreak: Middle East."
Botswana President Mokgweetsi Masisi said global economic slowdown is affecting both diamond sales and prices negatively. It is also having a knock-on effect on Botswana’s economy, but the government expects the downturn to be temporary. Masisi was speaking with Bloomberg Television's Manus Cranny at the World Economic Forum in Cape Town.
Costco Wholesale Corp.’s first outlet in China opened on Tuesday and was soon overrun with customers willing to fight over discounted products and wait hours to pay for their purchases. The frenzy at Costco’s store comes at a time when the U.S. and China are locked in a tit-for-tat tariff war that shows no signs of abating and is making American firms wary of investing in the largest Asian economy.
Libby Cantrill, head of public policy at Pimco, discusses a new Congressional Budget Office forecast that says the U.S. budget deficit is set to widen to $1 trillion by fiscal year 2020. She speaks with Bloomberg's Sheri Ahn on "Balance of Power."
China has taken several steps to shore up the economy. Infrastructure investment picked up in July in line with a faster issuance of special government bonds. The rise signals official efforts to boost the economy and was captured in a new index compiled by Bloomberg Economics based on NDRC data. Bloomberg Economics’ Chang Shu discusses the data on “Bloomberg Markets: China Open.”
Doug Bitcon, a fund manager with Rasmala Investment Bank in Dubai, talks about Egypt's economy, monetary policy and bonds. He speaks with Manus Cranny and Yousef Gamal El-Din on "Bloomberg Daybreak: Middle East." SEO head: Doug Bitcon, fund manager with Rasmala Investment Bank, on Egypt's Monetary Policy,
The International Energy Agency (IEA) says the mounting signs of an economic slowdown and escalation of the U.S-China trade war have caused global oil demand to grow at its slowest pace since the financial crisis of 2008. To discuss these stories and the implication for Nigeria, Uchenna Minnis, Chief market Analyst at Eagle Global Markets joins CNBC Africa for more.
Ji Mo, chief economist for Greater China at AllianceBernstein, talks about the Chinese economy and policies. Latest figures show China’s economy slowed more than expected in July, worsening growth prospects as trade tensions escalate and additional U.S. tariffs loom.
Noomane Fehri, co-Founder and CEO of B@labs, and Former Minister of Communication, Technology and Digital Economy for Tunisia says the Tony Elumelu Foundation is one of the main tools to help develop a single African market. He joins CNBC Africa’s Kenneth Igbomor for more.