Global News
-
At Paris summit, World Bank lays out plans to tackle natural disasters
The World Bank chief will announce a raft of measures on Thursday to aid countries hit by natural disasters, including a pause in payments to the lender, as world leaders gather in Paris to give impetus to a new global finance agenda. About 40 leaders, including about a dozen from Africa, China’s prime minister and Brazil’s president, will be joined…
Read More » -
Turkey forges new economic policies but lira’s plunge continues
Nearly a month after Turkish President Recep Tayyip Erdogan’s re-election, his government is forging a new course in economic policy. Erdogan’s appointments of Mehmet Simsek to the post of leading the finance and treasury ministry, and of Hafize Gaye Erkan, a former Wall Street banker, as central bank chief, signalled his readiness to reverse course from his unorthodox policies. The new cabinet’s moves are to…
Read More » -
Japan’s inflation stays above BOJ target, key gauge hits 42-year high
Japan’s core consumer inflation exceeded forecasts in May and an index excluding fuel costs rose at the fastest annual pace in 42 years, highlighting broadening price pressure that will keep the central bank under pressure to phase out its massive stimulus. The increase was driven by steady price hikes for food and daily necessities, suggesting a drag on consumption from…
Read More » -
ECOWAS Observation Mission meets Sierra Leone presidential flag bearers, expresses concern over reported violence
Dr Mohamed Ibn Chambas, Head of the ECOWAS Observer Mission met separately in Freetown on Thursday with Sierra Leone’s presidential candidates or their representatives, as well as officials of civil society organizations, and underscored his appeal for peaceful elections on Saturday. Accompanied by the Deputy Head of Mission, Amb. Ansumana Ceesay, the ECOWAS Commissioner for Political Affairs, Peace, and Security…
Read More » -
South Africa President Ramaphosa stresses country-led approach to energy transition
…urges flexibility, inclusivity South African President Cyril Ramaphosa has voiced his views on the energy transition, emphasising the importance of a “country-led and owned” strategy. Speaking at the Financial Pact Summit in Paris, Ramaphosa highlighted the need to consider the experiences and challenges faced by poorer nations as the world undergoes the shift towards clean energy. Ramaphosa acknowledged that the…
Read More » -
Modi tells Congress that U.S.-India ties represent ‘defining partnership of this century’
Indian Prime Minister Narendra Modi received a rousing welcome as he delivered a speech to Congress on Thursday, celebrating the growing ties and shared ambitions of the world’s two largest democracies. Modi made the rare address to a joint meeting of Congress on the same day President Joe Biden and first lady Jill Biden will host him for a state…
Read More » -
All five people on missing Titan sub are dead – Coast Guard
The five passengers on board the missing Titan submersible have died, a Coast Guard official said. The company that operates the vessel said the five men were “true explorers who shared a distinct spirit of adventure.” The Coast Guard said that a debris field was discovered near the wreck of the Titanic earlier on Thursday morning. The vessel disappeared on…
Read More » -
Largest elephant out of the room, Tinubu assures Afreximbank, European Reconstruction Bank CEOs
President Bola Ahmed Tinubu Thursday in Paris – France said ongoing reforms, starting with the removal of fuel subsidy and streamlining of exchange rate, will be sustained for a more competitive economy that attracts Foreign Direct Investment (FDI), urging investors to take advantage of opportunities in Nigeria. “We are ready for business, prepared to welcome investments,’’ he said, while receiving…
Read More » -
India’s Modi starts Washington visit to build Biden, US ties
U.S. President Joe Biden and Indian Prime Minister Narendra Modi are expected to deepen defense and technology cooperation between their countries during Modi’s official visit to the White House, despite lingering concerns about human rights in India. Two days of carefully orchestrated official events had a bumpy start on Wednesday afternoon, however, when Modi was so late to a planned tour of…
Read More » -
Dozens injured in central Paris after gas explosion
A fiery gas explosion in central Paris resulted in injuries to at least 37 people and drew hundreds of firefighters to the scene on Wednesday afternoon. Some 270 firefighters were deployed to the scene near Rue Saint Jacques in the city’s fifth arrondissement, and have contained the fire, Paris police chief Laurent Nunez told reporters. Four people remain in critical condition and…
Read More »