Tag Archives: billion

Developed by General Dynamics, the Ajax armoured fighting vehicle impressed then-Prime Minister David Cameron so much that he ordered 589 of them in 2014, after receiving the Army’s go-ahead four years earlier. Delivery dates have since been missed, and the Army is still waiting to roll out the vehicles, but …

The world’s number one digital asset bounced back to just above $40,000 as of 8am GMT, but was still trading 11% lower compared to the previous day. The plunge reportedly comes after Chinese authorities banned financial institutions and payment firms from providing services connected to cryptocurrency transactions. The restrictive measures, …

“We are in favor of an outright cancellation of Sudan’s debt, which is as you know the most important among the Paris Club,” Macron told a news conference on Monday. The president made the remarks after hosting a conference in Paris for Sudanese Prime Minister Abdalla Hamdok and General Abdel-Fattah …

The New York-based consultancy has raised the previous outlook by 81.5%. In January, AlixPartners expected the shortage to cost the industry $60.6 billion in revenue. The group expects global car production to drop by 3.9 million units this year – up from the 2.2 million vehicle production cut projected in …

Bitcoin dropped as low as $45,700 on Wednesday – its lowest since March 1. The token had recovered to above $50,000 at the time of writing, but is still trading at around 11% lower. The drop in value is attributed to one of the latest tweets posted by Elon Musk, …

The coronavirus pandemic cost the world trillions of dollars in lost economic output last year, with most countries entering recession at some point during 2020. Despite the world economy contracting by 4.4%, last year’s global military expenditure reached new heights, at almost $2 trillion (USD). This is a 2.6% increase on the previous …

“International reserves stood at $590.5 billion as of April 30… as a result of foreign exchange purchases under the fiscal rule, as well as a positive revaluation,” the regulator said. Russia’s international reserves are highly liquid foreign assets comprising stocks of monetary gold, foreign currencies, and Special Drawing Rights (SDR) …

He said at a briefing that a further $35 billion to $45 billion will be needed next year to ensure that most adults around the world are immunized. The WTO chief urged G7 nations to fund the global coronavirus recovery, saying the crisis cannot be resolved worldwide if they do …

The combined net worth of the top 100 ultra-rich people in the US has skyrocketed by $195 billion since Biden took office, according to Bloomberg’s calculations. From his election to his inauguration, they added $267 billion to their fortunes, bringing their total gain to $461 billion since November 4.  The rise in …

The new figures, presented by the global airlines body on Wednesday, are around 25% worse than it had previously expected. It had earlier forecast a $38 billion deficit.  The airline industry’s losses are expected to amount to around a third of what the troubled sector saw in 2020, when it …