Global News
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How Xi Jinping is damaging China’s economy
Inflexible policies are trumping pragmatism writes Economist Over the past 20 years China has been the biggest and most reliable source of growth in the world economy. It contributed a quarter of the rise in global gdp over that period and expanded in 79 of 80 quarters. For most of the period since China opened up after Mao’s death, the…
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Russians face prospect of Soviet-style shortages as sanctions bite
Stung by Western sanctions, Russia is starting to devolve into a secondhand economy dependent on poor substitutes, where shortages are stirring memories of the consumer wasteland that was the Soviet Union. While it may be able to find new purveyors for some Western-made goods and components in friendly countries such as China and India, Russia is increasingly determined to make…
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Spain, Britain call on NATO to look at Russian threat from Africa
Russia’s expanding influence and activity in Africa pose a “worrying” threat to the security of NATO countries along with its invasion of Ukraine and must be addressed by the military alliance, the Spanish and British defence ministers said Wednesday. At a joint news conference in Madrid, Spain’s Margarita Robles said the expansion of operations by the Russian state and Russian…
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As Ethiopia opens up banking sector to foreign players, there is an important caveat
One of the newly proposed rules that would guide Ethiopia’s banking sector liberalisation is that foreign banks hoping to operate in the Horn of Africa country must do so in partnership with local banks. This was disclosed by the lead consultant that is overseeing the liberalisation process, who also mentioned that only regional banks are eligible to the opportunity for…
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19 children, 2 teachers killed in Texas elementary school shooting
At least 19 children and two teachers were killed Tuesday when a gunman opened fire in a Texas elementary school, according to the Texas Department of Public Safety. The suspected shooter, who might have had a handgun and a rifle, was also killed when law enforcement confronted him at Robb Elementary School in Uvalde, about 83 miles west of San Antonio,…
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Rwanda President, Paul Kagame, in Davos for World Economic Forum
President Paul Kagame of Rwanda has arrived in Davos, Switzerland where he is now attending a discussion on Sports as a Unifying Force. This year WEF is featuring H.H. Sheikh Tamim Bin Hamad Al Thani, the Amir of the State of Qatar; Gianni Infantino, FIFA President; Patrice Motsepe, CAF President and Arsène Wenger, former Arsenal manager. Kagame will attend a…
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FG promises successful hosting of UNESCO global conference in October
The Minister of Information and Culture, Alhaji Lai Mohammed, has assured of the successful hosting of UNESCO’s 2022 Global Media and Information Literacy (MIL) Week, scheduled for Abuja 24-31 October. The minister gave the assurance in his speech at the opening session of the Media and Information Literacy Series of the 3rd World Higher Education Conference in Barcelona, Spain, on…
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G7 finance ministers, central bank governors meet in Germany
The Federal Minister of Finance, Christian Lindner, together with the President of the Deutsche Bundesbank, Joachim Nagel, will host and lead the work process of the G7 finance ministers and central bank governors until 31 December 2022. Here, G7 finance ministers and central bank governors will discuss current issues and challenges in the area of finance policy. Germany is pursuing…
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Why is Turkey causing problems for Finland and Sweden’s plans to join NATO?
Just when it seemed like Finland and Sweden’s accession into NATO was imminent, Turkey has taken its allies by surprise by throwing a wrench into the works. President Recep Tayyip Erdogan said he didn’t view “positively” the Nordic countries’ desire to join the alliance, accusing the two of being “like guesthouses for terror organizations.” He told his party lawmakers in…
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Saharawi Arab Democratic Republic becomes the 43rd AU member state to ratify protocol on women’s rights
The Saharawi Arab Democratic Republic (SADR) has ratified the Protocol to the African Charter on Human and Peoples’ Rights on the Rights of Women in Africa, becoming the 43rd African State to ratify the Protocol and committing to advance the reality of the rights of women, gender equality and women’s empowerment in that country. Saharawi deposited the Instruments of Ratification…
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