TEEM

08/07/2025

Singapore has 240,000 millionaires (total population: 6 million people). Africa has 136,000 millionaires (pop: 1.4 billion people)

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07/07/2025

A village in Rajasthan hadn’t seen the birth of a girl in 35 years.
But when she arrived — her father made sure the world knew.
He hired a helicopter. Garlanded her like a queen.
And whispered, “They don’t celebrate girls. But I will. I’ll make sure she lives her dreams.”

07/07/2025

Top satellite countries today 🌍

04/07/2025

03/07/2025

03/07/2025

CITI BANK SAYS KWACHA Will SUSTAIN GAINS

Zambia’s currency appears set for sustained gains if its correlation with the copper price is restored, Citigroup Inc. said.

The kwacha has strengthened almost 16% against the dollar this year, making it one of the continent’s top performers, data tracked by Bloomberg shows. Zambia is Africa’s second-largest producer of copper, which has appreciated 13% over the period.

Essentially a high copper price is seen as good for Zambia, which tends to encourage a generally positive market sentiment toward the kwacha,” David Cowan, the bank’s chief Africa economist, wrote in a note to clients. The US-based lender expects copper prices to remain elevated over the long-term.

he kwacha was negatively impacted by the southern African nation’s 2020 debt default, resulting in “a breakdown” in its link to the copper price, Cowan added.

Prolonged period of ‘volatile-stability’

“However, if this relationship is restored, then there is no reason not to assume that we are about to enter a prolonged period of kwacha appreciation, or at least “volatile-stability,” he said. “Unless the country is hit by another political or economic shock, whether domestic or external, which more substantially undermines sentiment toward the kwacha.”

28/06/2025

🇨🇳, 🇮🇳, 🇯🇵 lead the world in crude production in 2024.

27/06/2025

Aerospace startup Sarla Aviation will launch electric air taxis in Mumbai and Delhi a couple of months after starting operations in Bengaluru, as shared by its CEO and co-founder, Adrian Schmidt.
After China approved pilotless air taxis for commercial use this month, India is not staying behind.
At Startup Mahakumbh 2025, Schmidt disclosed that within five years of the launch, they would aim to provide the services to ‘every corner’ of the country.
The air taxi services are expected to commence in Bengaluru by 2028, and then gradually roll out into other metros.
From 20 employees in January, Sarla Aviation has expanded its team to 47 people. By the end of the year, the company aims to have around 80–120 employees, as shared by Schmidt.
Last year, they partnered with the Bengaluru International Airport to facilitate the launch of a flying taxi service.
The aviation company is backed by a $10 million Series A funding round led by Accel, Flipkart’s Binny Bansal, Nikhil Kamath, and Swiggy’s Sriharsha Majety, among other angel investors.
According to reports, each air taxi would be able to carry six passengers with a total load capacity of 680 kg and reach speeds of up to 250 km/h.
The electric aircraft with a maximum range of 160 km will initially be used for short urban routes of 25–30 km.

22/06/2025

The UAE ranked among the world’s top 10 destinations for foreign direct investment (FDI) in 2024, as inflows jumped nearly 49% to $45.6 billion, up from $30.68 billion the previous year.

The country climbed from 13th to 10th place globally, accounting for over half of total FDI into the Middle East. While inflows to other major regional economies declined, the UAE’s strong performance lifted overall figures.

Globally, FDI rose 4% to $1.51 trillion, though productive FDI fell 11%, continuing a downward trend. Top destinations included the US, Brazil, Egypt, Mexico, India, Indonesia, and Vietnam.

21/06/2025

19/06/2025

18/06/2025

GDP Per Capita for UAE (including the time before the Union was formed in 1971), Singapore, Malawi and Qatar from the 1960s to 2020.

Qatar's rise driven primarily by natural gas, UAE's oil and real estate, whereas Singapore has leveraged its human intelligence. Malawi's focus on agriculture has led to its GDP per capita not changing at all since the 1960s.