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UN urges Africa to swap commodities for tech
UN urges Africa to swap commodities for tech
by  AFP

The UN's trade body on Thursday said African economies were vulnerable to a triple shock as it urged governments to pave the way for tech startups that would ease dependence on commodities.

JPMorgan Chase reports lower profits, gives cautious economic outlook
JPMorgan Chase reports lower profits, gives cautious economic outlook
by  AFP

JPMorgan Chase reported a drop in second-quarter profits on Thursday, reflecting the impact of a weakening macroeconomic outlook that led it to set aside funds in case of bad loans. In the year-ago period, JPMorgan's profits were boosted by a $3 billion release in reserves.

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