Global economy & markets

Global dividends to near pre-pandemic levels in 2021, report says

How public sector accountants can drive recovery, rebuild economies

• Video: Norwegian Air, Lufthansa hopeful over rebound

  Norwegian Air says it’s hopeful over a rebound as Europe reopens, while Lufthansa says its cash flow has now turned positive again.

• South Africa aims to bring pilot carbon capture project online in 2023

  Injecting underground the CO₂ from coal-driven electricity generation is a controversial solution for South Africa’s greenhouse gas challenge.

• Global dividends to near pre-pandemic levels in 2021, report says

  Limits placed on bank dividends had a considerable effect on 2020 payouts, but a latest global estimate is for an 8.5% “underlying rebound” in 2021.

• Morocco, Kenya, and Ghana economies set to grow fast in 2021

  Five major African economies are forecasting growth rates this year above 4%, data shows.

• Facebook, telecoms to extend subsea cable to four countries

  The number of the 2Africa project’s cable ‘landings’ has increased to 35 in 26 countries, improving internet connectivity into and around Africa.

• Airlines offer perks to keep grounded elite flyers on board in Asia

  Elite tier passengers, who accounted for 30% of international revenue pre-pandemic, are being given status extensions of at least two years.

• Russia plans to subsidise electric cars to spur demand

  The government has a target of 220,000 electric vehicles by 2030 and plans to cover 25% of the purchase price of any Russian-made electric car.

• Australia's deal boom set to intensify on cheap cash, pandemic confidence

  The $174 billion worth of M&A deals announced this year in Australia is an all-time high and around six times the value of the same period in 2020.

• How public sector accountants can drive recovery, rebuild economies

  Leaders in the public sector share lessons in performance measurement and discuss opportunities to help rebuild the global economy post-pandemic.

• Global insurance recovery will be faster, stronger than in 2008 — Swiss Re

  Insurer says the global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the 2008 financial crisis.

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