Global News

China to waive some Africa loans, offer $10bn in IMF funds

-Beijing to forgive 23 interest-free loans to 17 nations -Pledges to rechannel SDRs through two IMF trusts to Africa China, the largest government creditor to emerging economies, said it will forgive 23 interest-free loans to 17 African countries and redirect $10 billion of its International Monetary Fund reserves to nations on the continent. Foreign Minister Wang Yi announced the cancelations…

Read More »

Kenya election: Raila Odinga challenges William Ruto win in Supreme Court

Raila Odinga, who came second in Kenya’s presidential election, has gone to court to challenge the result, describing it as “fraudulent”. In a scathing 70-page legal argument, he alleges there was a pre-planned effort to alter the outcome. According to the electoral commission, Mr Odinga took 48.8% of the vote, losing to William Ruto’s 50.5%. An independent monitoring organisation said…

Read More »

Kyiv accuses Moscow of illegal adoptions of Ukrainian children

Kyiv has accused Moscow of having organised illegal mass adoptions of Ukrainian children after transferring them from occupied territories to Russia. Since the beginning of the war, Kyiv has been accusing Moscow of “deporting” Ukrainians, saying Ukrainians from occupied territories have been forced to go to Russia rather than other regions of Ukraine. “The Russian Federation continues to abduct children…

Read More »

‘Absolutely glorious’: Malaysians hail jailing of Najib Razak

Najib Razak has become Malaysia’s first former prime minister to go to prison after the country’s top court upheld his corruption conviction and 12-year jail sentence, in a case linked to the multibillion-dollar scandal at the 1MDB state fund. Malaysians on Twitter called Tuesday’s verdict historic and said they hoped it would send a “strong warning to other politicians who…

Read More »

Angolan parties wrap up campaigning as tense election nears

Angolan presidential candidates on Monday wrapped up a month-long campaign ahead of this week’s election which is likely to be a tense standoff between a ruling party in power for decades and an opposition with growing appeal among youth. The MPLA, led by João Lourenço since 2017, has governed Africa’s second-biggest oil producer since independence from Portugal in 1975. But…

Read More »

Stability of Chad in our interest, says Buhari

The stability of Chad Republic, and, indeed, all neighboring countries, is in Nigeria’s interest, President Muhammadu Buhari has said. The President spoke Friday at State House, Abuja, while receiving a Special Envoy from the Transitional President of Chad, General Mahamat Idris Derby. Chad holds a Sovereign National Dialogue August 20, 2022, and according to the Special Envoy, Mr Brah Mahamat…

Read More »

Biden signs $740bn health, climate, tax ‘Inflation Reduction Act’

US President Joe Biden has signed a $740bn climate change, healthcare and tax bill into law, handing the Democratic Party a much-needed win ahead of the November midterm elections. In a signing ceremony at the White House on Tuesday, Biden heralded the Inflation Reduction Act for its record investment towards cutting carbon emissions. The bill includes nearly $370bn meant to…

Read More »

Floundering, not drowning’: Russia’s economy is withstanding sanctions onslaught — for now

Russia’s economy contracted in the second quarter – the first full three months since the country’s invasion of Ukraine – and economists are divided over whether it can continue to weather the onslaught of international sanctions in the long term. The Russian economy shrunk by 4% year-on-year over the second quarter, although this was less sharp than the 5% expected…

Read More »

US urges China not to overreact to ‘peaceful visits’ by US lawmakers to Taiwan

The United States said American lawmakers’ visits to Taiwan are in line with Washington’s long-standing and bipartisan policy, urging China not to overreact to the “peaceful visits” by members of the Congress or to unilaterally change the status quo in the Taiwan Strait. Monday, China’s military said it carried out more exercises near Taiwan’s Penghu islands as a group of…

Read More »

Iran submits ‘written response’ to EU nuclear deal draft

Iran has submitted a “written response” to a new nuclear deal proposed by the European Union, Iran’s official IRNA news agency reported Tuesday. IRNA hasn’t offered any details on the substance of the response, saying only that there were differences on three issues. “The differences are on three issues, in which the United States has expressed its verbal flexibility in…

Read More »