budget deficit

China factory activity picks up, showing economy’s resilience in face of tariffs

China's manufacturing activity picked up last month, indicating economic resilience in the face of US President Donald Trump slapping more tariffs on China's exports. The latest data comes as policymakers are expected to announce that they'll push China's official budget deficit target to the highest in over three decades. Laura Westbrook reports from Hong Kong.

3 March, 2025 55

Africa

The IMF is failing countries like Kenya: why, and what can be done about it

By Danny Bradlow, University of Pretoria The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which are being exacerbated by a rapidly changing global political economy. To be sure, the IMF is not the only cause of Kenya’s problems with raising […]

3 July, 2024 12

Africa

One dead after tax protests in Kenyan capital Thursday

A man died on the sidelines of mass demonstrations against proposed tax hikes in the Kenyan capital, police said Friday, with the mounting protest a day earlier also leaving 200 people injured. A police watchdog said it was investigating allegations that the man was shot by police after Thursday's demonstrations in Nairobi, the second this week. Led largely by young Kenyans, the protests began in Nairobi […]

21 June, 2024 24