Global News
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Obasanjo explains role in resolving Ethiopia-Tigray civil war
Former President Olusegun Obasanjo has explained his role as an African Union mediator in resolving the Ethiopia-Tigray civil war. Obasanjo gave his account in a statement by his media assistant, Kehinde Akinyemi. The former Nigeria president said it tool him “eight months of intense shuttle diplomacy, including eight visits to Mekelle, capital of Tigray” before truce could be reached. Within…
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Alibaba founder Jack Ma hiding out in Tokyo, reports say
Billionaire Jack Ma has reportedly been hiding out in Tokyo with his family during Beijing’s crackdown on the country’s star tech firms and its most powerful and wealthy business people. Ma, the founder of the e-commerce giant Alibaba who until the tech clampdown was China’s richest person, has rarely been seen in public since criticising the attitude of Chinese regulators…
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UK doubles coal imports to head off winter energy crisis
…imports almost double as Ukraine war turns natural gas into a no-go zone …more than 560,000tonnes of coal came into British ports last month Rising gas prices resulting from the war in Ukraine have forced the UK to nearly double its coal imports in the fight to keep the lights on through the Winter. The increasing use of coal-generated power…
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Ghana Eurobonds steady as country proposes debt restructure
By Ekow Dontoh and Moses Mozart Dzawu Haircut may be up to 30%, deputy finance minister Kumah saysReorganization needed to make debt sustainable for IMF loan Ghana will ask holders of its international bonds to accept losses of as much as 30% on the principal and forgo some interest payments as it hammers out a debt-sustainability plan to qualify for…
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African leaders agree on ‘immediate ceasefire’ in eastern DRC
African leaders have declared a cessation of hostilities in the eastern Democratic Republic of Congo starting Friday, according to a joint statement released after talks in the Angolan capital Luanda, with the aim of ending fighting between Congolese troops and M23 rebels. An agreement was reached for an “immediate ceasefire” in the DRC at 6pm (17:00 GMT) on Friday, Angolan…
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Ukraine war: Merkel says she lacked power to influence Putin
Former German Chancellor Angela Merkel has defended her policy towards Russia prior to the February invasion of Ukraine, saying she had run out of power to influence Vladimir Putin. She said she had tried to convene European talks with the Russian president and French President Emmanuel Macron in the summer of 2021. “But I didn’t have the power to get…
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African Unity Road linking Algiers to Lagos nears completion
It’s a road that will link six African nations, improving transport and delivering high-speed internet across the continent. And at In Guezzam, on the border between Algeria and Niger, the last section of what’s been called the African Unity Road is nearing completion. Conceived over 50 years ago, the Trans-Saharan Highway runs almost 5,000 kilometres from Algiers to Lagos in…
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Confronting Iran protests, regime uses brute force but secretly appeals to moderates
Purges of rivals and reformists from the government have narrowed officials’ options for a response As antigovernment protests swept across Iran last month, its top leaders made a secret appeal to two of the Islamic Republic’s founding families, the moderate Rafsanjani and Khomeini clans that hard-liners had pushed out of power, said people familiar with the talks. Iran’s national-security chief,…
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US Supreme Court paves path to obtain Trump’s tax returns
The United States Supreme Court on Tuesday cleared the way for the imminent handover of former President Donald Trump’s tax returns to a congressional committee after a three-year legal fight. The court, without comment, rejected Trump’s plea for an order that would have prevented the US Department of the Treasury from giving six years of tax returns for Trump and…
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King Charles hosts South Africa’s Ramaphosa for first state visit
King Charles has hosted his first state visit since becoming British monarch, welcoming South African President Cyril Ramaphosa to Buckingham Palace. Charles, 74, rolled out the traditional pomp and ceremony on Tuesday for the first time as head of state, as Britain seeks to bolster its relations with its biggest trading partner in Africa. Ramaphosa and his wife were officially…
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