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The UK in Africa: facts and figures

As political and business leaders gather in London on 20th January to discuss the next steps in relations between the continent and the UK, here are the facts and figures underpinning the relationship The UK’s Foreign Direct Investment in Africa stood at approximately £39bn in 2018. By 2022, CDC the UK’s Development Finance Institution, aims […]

Global coalition focusing on ocean energy established, and it has some big backers

A global coalition focusing on ocean energy was announced Monday, with its members saying they want to advance the “sustainable deployment of ocean-based renewable energy” and, in addition, mitigate the impacts of climate change. Led by Denmark’s Orsted and Norway’s Equinor, members of the Ocean Renewable Energy Action Coalition also include organizations such as Shell, MHI Vestas and Siemens […]

Five 2020 Energy Predictions: Solar Surge, Coal Crash, Gas Exorcism, Clean Energy Incentives, Public Mobilization

2019 may have been the year clean energy irreversibly turned a corner toward dominance in the United States. After all, who could have foreseen last January that America would realize existing coal can’t compete against new renewables, see new solar-plus-storage beat new natural gas generation on price, have 13 states and territories committed to 100% clean electricity, or envision […]

Australia’s Massive Fires Threaten To Slow Decades-Long Economic Boom

Australia calls itself the Lucky Country, a nation so fortunate in geography and natural resources that it hasn’t had a recession in nearly three decades. But the deadly wildfires raging through large parts of the country are slowing tourism and other key sectors that contribute to its impressive economic growth. “Just the area of Australia that’s now […]

US plans to restart forum for economic talks with China

The US is planning to announce a new forum for economic dialogue with China, in a throwback to the strategy of engagement with Beijing pursued by previous administrations in Washington.  According to people familiar with the matter, the effort would likely be led by Steven Mnuchin, the US Treasury secretary, and Liu He, Chinese vice-premier […]

Indonesia, UAE sign business deals worth nearly $23bn

Indonesia has signed 11 business deals with the United Arab Emirates worth a combined 314.9 trillion rupiah ($23bn) covering investment in energy and other sectors, Indonesian President Joko Widodo said via his Twitter account on Monday. Widodo witnessed the signing of the deals with Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed over the weekend during an official […]

ICC’s World Chambers Federation announces new Council

The World Chambers Federation (WCF) of the International Chamber of Commerce (ICC) has announced the results of elections for its General Council. Chambers from over 100 countries voted for 20 representatives to serve on the leadership group for the 2020-2022 term. Led by Hamad Buamim, WCF Chair and President and CEO of Dubai Chamber, the General Council is responsible […]

Is The Oil Price Rally Already Over? – OIR 080120

Today, we will take a quick look at some of the critical figures and data in the energy markets this week. We will then look at some of the key market movers early this week before providing you with the latest analysis of the top news events taking place in the global energy complex over […]

What Happens When an Airline Opens a Restaurant?

AirAsia wants to diversify by getting into the fast-food business. It might have miscalculated. The Mid Valley Megamall in Kuala Lumpur has more than 100 restaurants, cafes, and snack stands to meet every kind of craving. As of this month, that list includes a novel and seemingly quixotic option: Santan, a cafe that serves airplane […]

Internet Society Foundation Announces $300,000 in Grants for Projects that Promote benefit of internet

The new Internet Society Foundation has issued its first set of medium and large grants (ranging from $12,000 to USD $30,000 each) to 13 ground-breaking projects that seek to spread the benefits of the Internet around the world. The Internet Society (https://www.InternetSociety.org/) established the Internet Society Foundation (http://bit.ly/2rOclzv) to fund projects that will improve the quality of […]

Ghana Inflation Rate Jumps to Four-Month High

Ghana’s inflation rate rose to the highest level in four months in November as the cedi continued to weaken. Annual inflation quickened to 8.2% in from 7.7% in October, Government Statistician Samuel Kobina Annim told reporters in the capital, Accra, on Wednesday. The median estimate of three economists in a Bloomberg survey was 7.6%. Prices […]

China maintains tariffs must be reduced for phase one trade deal with U.S.

BEIJING (Reuters) – Tariffs must be cut if China and the United States are to reach an interim agreement on trade, the Chinese commerce ministry said on Thursday, sticking to its stance that some U.S. tariffs must be rolled back for a phase one deal. “The Chinese side believes that if the two sides reach […]

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