Business

AI displacement in the workplace is increasing – and affecting young people most

AI disruption is adding 15 basis points to the unemployment rate at present, says Morgan Stanley

Italy’s Nextalia Raises €1.1 Billion for New Private Equity Fund

Italy’s Nextalia Investment Management raised over €1.1 billion ($1.3 billion) for its second private equity strategy fund, targeting opportunities in its home market.

PSEi slips on Mideast woes, inflation jitters

MANILA, Philippines – Local stocks fell on Tuesday as investors stayed on the sidelines amid renewed geopolitical tensions in the Middle East and caution ahead of the release of the Philippines’ July inflation data. The benchmark…

BP profit more than doubles as Middle East conflict boosts oil prices

British energy giant BP said on Tuesday that its net profit more than doubled in the second quarter as the Middle East war roiled oil and gas markets.

Nippon Steel raises FY2026 profit forecast on strong US Steel earnings

AI Power Demands Spur Builders to Seek Billions in Bank Pledges

Power utilities across the US are already strained from AI data centers. But they’re increasingly facing an even bigger threat: that developers will be forced to walk away from projects, leaving households on the hook for massive…

Brazil’s Deficit Is Almost 10% of GDP. Nine-Tenths of It Is Interest.

The central bank put the 12-month nominal deficit at 9.99% of GDP. The primary gap - spending against revenue, before interest - was 1.19%. The post Brazil’s Deficit Is Almost 10% of GDP. Nine-Tenths of It Is Interest. appeared first on…

LatAm Pre-Open — Tuesday, August 4, 2026

Latin American markets steady before a critical Selic decision and PMIs. US tech-led rally lifts the global mood while a softer dollar buoys Latam FX. The post LatAm Pre-Open — Tuesday, August 4, 2026 appeared first on The Rio Times .

Latin American Pulse for Tuesday, August 4, 2026

The continent feels the ground shift: Peru reels from a US tariff hammer, Mexico chases a fallen kingpin, and Milei picks a new partner. The post Latin American Pulse for Tuesday, August 4, 2026 appeared first on The Rio Times .

Mexico Markets: IPC & the Peso — August 4, 2026

The S&P/BMV IPC fell 0.36% to 66,697 while the peso firmed slightly against a strong dollar, diverging from a tech-led US surge. The post Mexico Markets: IPC & the Peso — August 4, 2026 appeared first on The Rio Times .

African Development Bank approves sh652 billion loan for Arua Airport upgrade

Uganda · INFRASTRUCTURE Key Facts —Loan approval: The African Development Bank approved €155.99 million (about USh652 billion) on 19 June 2026 for the Arua Airport upgrade. —Total project cost: The programme is valued at €157.76 million…

Rwanda Shuts Eight Distilleries After Toxic Spirits Kill 50 People

Rwanda · BUSINESS Key Facts —Factory closures: The Rwanda Food and Drugs Authority shut eight distilleries on 2 August 2026, including Ingufu Gin Ltd, NBG Ltd and Zhonglu Industrial Liability Company Ltd. —Death toll: Contaminated drinks…