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12 results for "global economy"
The United Arab Emirates is breaking free from OPEC after 58 years, a move that could mean more oil supply and relief for consumers worldwide. The exit weakens the oil cartel's grip on global prices and signals a new era of energy independence.
The cruise tourism sector generated 1.8 million jobs last year, with one full-time position created for every 20 passengers. The industry contributed nearly $200 billion to the global economy while opening doors to new opportunities in coastal communities.
The travel and tourism sector just had its best year in history, growing almost 50% faster than the global economy and creating one out of every three new jobs worldwide. This booming industry now supports 366 million jobs across the planet.
Travel and tourism just had its best year ever, contributing a record $11.6 trillion to the global economy in 2025 and supporting more jobs than the entire US population. The industry grew nearly 50% faster than the overall global economy, proving it's the world's fastest-growing sector.
Global oil prices fell sharply Wednesday as a two-week ceasefire between the US, Israel, and Iran eased fears of supply disruptions. The deal reopens a critical shipping route that carries 20% of the world's oil.
Four African countries rank among the world's fastest-growing economies for global trade connections, with tourism up 17% since 2019. Despite worldwide uncertainty, Sub-Saharan Africa is transforming from aid to trade.
A financial executive unveils a bold plan to tackle climate change through market mechanisms instead of economic restrictions. His new book outlines how billions of people could invest in planetary restoration while strengthening the global economy.
New Harvard research shows Vietnam and China are set to drive the world's economic expansion over the next decade, thanks to their sophisticated manufacturing capabilities. Several other nations in Asia, Central Asia, and East Africa are also positioned for remarkable growth.
A new African fintech startup just processed $2 million in four months by solving a problem that's held back entrepreneurs for years: getting paid across borders. HitchPay is growing 22% monthly while serving 20,000 customers who can finally compete in the global economy.
Africa's economy is forecast to grow faster than Asia's for the first time in 2026, powered by the continent's booming young population. By 2050, one in four people worldwide will be African, creating unprecedented potential for innovation and economic growth.
Brazil is transforming massive ecosystem restoration into a thriving new industry that could reshape the global economy. Companies are now restoring forests at unprecedented scales while creating jobs and sustainable products from nature's biodiversity.
The world economy is bouncing back stronger than expected, with AI investment and smart business moves helping nations shake off trade disruptions. The International Monetary Fund now predicts global growth will hit 3.3% in 2026, beating earlier predictions made before recent tariff troubles began.