Fri, Mar 19, 2021 2:53 PM
Payment, recharge options through WhatsApp launched by Vodafone Idea
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In 2023, US business spending on logistics services dropped 11% to $2.4 trillion as supply chains normalized after the COVID crisis. Despite this drop, logistics costs remain relatively high, with a ratio of logistics expenses to GDP of 8.7%. The report suggests that capacity will tighten, and rates will increase, particularly in air and ocean freight, with container rates already surging.
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Federal Reserve Bank of New York President John Williams stated the US economy is "moving in the right direction," citing signs of supply and demand coming into balance. He refrained from commenting on when he would support an interest-rate decrease, emphasizing that Fed decisions would depend on incoming economic data. Williams expects inflation to continue falling this year.
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South Africa's stock benchmark surged the most this year, gaining 3.5%, as investors turned positive on the nation's equities following the formation of a government alliance between the African National Congress and the Democratic Alliance. Foreign investors had been net sellers of South African shares for 25 straight days, with outflows of $4.7 billion this year.
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