Author: The Editorial Team

LONDON (Capital Markets in Africa) – The Bank of England may not be worried about U.K. household debt, but it looks like ordinary people are. Even though employment, income and spending levels are rising, Britons’ well-being isn’t improving, Office for National Statistics data published Monday showed. That may be due to concerns about rising debt repayments, it said. The BOE has been relatively sanguine about debt levels, with Deputy Governor Ben Broadbent last month describing suggestions that they’re unsustainably high as…

LAGOS (Capital Markets in Africa) – German Chancellor Angela Merkel and Japanese Prime Minister Shinzo Abe said they want to head off a no-deal Brexit that could rattle their economies, as both braced against the U.K.’s increasingly chaotic course toward an exit from the EU. Abe and Merkel, both 64, are two of the most outspoken defenders of the international order being shaken by Brexit and the U.S.-China trade war, as well as President Donald Trump’s questioning of decades-old alliances. Their…

LAGOS (Capital Markets in Africa) – Congress has only a few days left to come up with an agreement on border security spending to prevent a government shutdown and may yet see the process upended once President Donald Trump delivers his State of the Union address on Tuesday. Trump in recent days has repeatedly declared the negotiations a waste of time and said Feb. 1 that his speech to a joint session of Congress would reveal more…