Business

– Botswana’s diamond-dependent economy is showing signs of recovery after a two-year slump, with fiscal authorities raising this year’s growth forecast to 3.8% from an initial 3.1%. The upgrade reflects stronger diamond production in the first half of the year.

– Gold and silver prices jumped on Wednesday, while the US dollar fell, as projections pointed to major Democratic gains in the US midterm elections. Spot gold rose 3.4% to $4,061.30 an ounce, and spot silver climbed 5.1% to $52.29

Luxury

MENA Newswire News Desk: The personal luxury goods market, long seen as resilient against economic uncertainty, is witnessing a significant contraction for the first time since the Great Recession. According to Bain & Company’s annual luxury report, global sales are