S&P Global Ratings revised down the US’ gross domestic product (GDP) growth forecast for 2021 to 5.7%, from its previous estimate of 6.7%. The US’ GDP estimate for 2022, on the other hand, was revised up to 4.1%, from the agency’s 3.7% projection made in its June report. The global rating agency said in a […]
Hunter Biden, the son of US President Joe Biden, sought over $2 million in fees to help unfreeze billions of dollars in Libyan assets while his father served as the number two in the Obama administration, according to a recently published report. The junior Biden sought $2 million annually in 2015 plus what is described […]
China has freed two Canadians Michael Kovrig and Michael Spavor, Prime Minister Justin Trudeau said late Friday. The news came after Huawei executive Meng Wanzhou had fraud charges dropped by the US Justice Department earlier in the day. Hours later she was freed by a Canadian court and immediately boarded a plane to China. The […]
A potential deal to bring as many as 1,000 Russian mercenaries to Mali is likely to further destabilize the country, according to senior U.S. officials who are urging the interim government to instead focus on elections. Word of the not-yet-finalized deal, with Russia’s Wagner Group, has already rankled some French and European officials. […]
The European Union proposed new rules on Thursday that will make USB-C ports standard on smartphones, tablets, cameras, phones, portable speakers and handheld video game systems. The move is a setback for Apple (AAPL), which uses its own “Lightning” port on the iPhone. While the new rules are years away from coming into […]
President Muhammadu Buhari has explained what the Federal Government is doing to attain food security in Nigeria. He spoke on Thursday while participating in the Food Systems Summit, as part of the High-Level meetings of the 76th Session of the United Nations General Assembly in New York, the United States. The President disclosed […]
Investors were left in the dark after troubled property giant Evergrande missed a deadline for a $83.5m (£61m) interest payment. The Chinese firm is yet to make an announcement regarding the payment, which was due on Thursday. Earlier in the week, the company said it had struck a deal over another interest payment […]
The United Nations Economic Commission for Africa (UNECA) has said that empowering women and youths was vital to value creation and promotion of economic growth in Africa. Mrs Ngone Diop, Sub-Regional Director, West Africa Office, UNECA, stated this in Lagos, in her presentation at the ongoing West Africa Business Forum under the theme: […]
Former Minneapolis, Minnesota policeman Derek Chauvin has appealed his conviction for the murder of George Floyd, citing 14 complaints related to his trial earlier this year. The death of Floyd, a 46-year-old Black man, in May 2020 sparked America’s biggest demonstrations for racial justice in decades. Chauvin, who in June was sentenced to […]
European stock exchanges closed strong Wednesday for a second consecutive day, recovering from massive losses recorded on Monday. The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, was up 4.52 points, or 1%, to close at 463.20. London’s FTSE 100 gained 102 points, or 1.47%, […]