Business

G20 finance chiefs in Venice back global tax deal – draft

VENICE (Reuters) -Finance ministers representing the G20 large economies back a deal setting a global floor for corporate tax rates and will push to resolve outstanding issues on it by October, the latest draft of a joint communique said.FILE PHOTO: People sit at outdoor tables at St. Mark’s Square as Italy lifts quarantine restrictions for […]

World News

Africa had worst week of Covid-19 pandemic with more to come

BRAZZAVILLE, CONGO (BLOOMBERG) – Africa had its worst week of the coronavirus pandemic, with cases jumping 20 per cent in seven days, and the situation is expected to intensify, according to Ms Matshidiso Moeti, the World Health Organisation’s Africa director. “For Africa the worst is yet to come as the fast moving third wave continues […]

Business

Sturdy dollar casts a shadow over emerging markets, BIS says

LONDON (Reuters) – A stronger U.S. dollar will increasingly weigh on emerging- market economic prospects, since developing countries have taken on so much dollar-denominated debt in the past decade, the Bank of International Settlements said on Monday.FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. […]

Business

Sturdy dollar casts a shadow over emerging markets, BIS says

LONDON (Reuters) – A stronger U.S. dollar will increasingly weigh on emerging- market economic prospects, since developing countries have taken on so much dollar-denominated debt in the past decade, the Bank of International Settlements said on Monday.FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. […]

World News

Nigerians take to streets to protest against sexual violence

Demonstrators in Abuja demand ‘justice’ after a series of high-profile rape cases sparked outrage in the country. Human rights campaigners have rallied in Nigeria’s capital to raise awareness about violence against women after a series of high-profile rape cases sparked an outcry in the country. More than 200 protesters marched around police headquarters in Abuja, chanting slogans […]

World News

Mali's deepening crisis: Key questions answered

President Ibrahim Boubacar Keita’s government facing large protests amid growing insecurity and economic grievances. Escalating violence, grinding poverty and an increasing wave of streets protests – these are some of the challenges faced by the Malian government amid concerns the growing tensions could further destabilise the wider Sahel region. Below, we take a look at […]

World News

Libya: GNA-aligned forces retake military camps near Tripoli

Military spokesman says forces loyal to UN-recognised gov’t stormed LNA-controlled camps Yarmouk, Sawarikh and Hamza. Forces aligned with Libya’s internationally recognised government have retaken three military bases from eastern-based military commander Khalifa Haftar‘s Libyan National Army (LNA) south of the capital Tripoli. In a statement on Saturday, military spokesman Mohamed Gnunu said troops loyal to […]

World News

Lesotho PM Thabane says stepping down amid ex-wife's murder probe

Embattled 80-year-old does not state when will he officially quit as political uncertainty grips the African kingdom. Lesotho’s embattled Prime Minister Thomas Thabane has said he is stepping down, ending months of political uncertainty gripping the kingdom since he was accused of having a role in his ex-wife’s murder. “I decided to personally come and […]

World News

Nigeria violence drives 23,000 into neighbouring Niger: UNHCR

Number of people fleeing to Niger from Nigeria almost triples from the last year, says the UN refugee agency. Violence in northwest Nigeria has forced about 23,000 refugees to flee to Niger since April and raised concerns about the deteriorating security situation, the United Nations has said. The numbers fleeing to neighbouring Niger have almost […]

World News

Twenty killed in attacks on several villages in western Niger

Security situation in tri-border region of Niger, Burkina Faso and Mali has sharply deteriorated in recent years. At least 20 people have been killed in attacks by unidentified gunmen on several villages in western Niger, according to a local official. Ibrahim Tidjani Katchella, governor of the Tillaberi region, told national radio on Sunday that the […]