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Brexit crisis: PM May changes gear, tactics

Prime Minister Theresa May’s Brexit plans were in disarray on Tuesday as her government sought to plot a way around the speaker of parliament’s ruling that she had to change her twice-defeated divorce deal to put it to a third vote. After two-and-a-half years of negotiations with the EU, Brexit remains uncertain – with options […]

Germany’s two largest banks consider merger talks

Two of Germany’s biggest banks Deutsche Bank and Commerzbank confirmed they were in merger talks. The banks did so in separate statements, but did not provide much details.   According to Deutsche Bank’s statement: In light of arising opportunities, the management board of deutsche bank  has decided to review strategic options. in doing so, the management board of deutsche bank is focused on […]

Japan makes clever moves to promote Investment in Africa

Japan will set up a permanent joint council between the government and private sectors to promote investment in Africa as it seeks to play catch-up with China, the U.S. and Europe in the increasingly promising region, government sources said on Thursday. The launch of the joint council will coincide with the Seventh Tokyo International Conference […]

Forbes: Four Nigerians among the Top Forbes black billionaires list

Forbes, publishers of the world’s annual list of billionaires, has released its 2019 list of black billionaires comprising 13 billionaires of black origin around the world. Nigeria and USA topped the list with four billionaires apiece while Zimbabwe, Angola, South Africa, Canada and Britain had one representative each on the list released by Forbes on […]

US trade deficits hit embarrassing high despite Trump’s trade wars

President Donald Trump’s global trade offensive has posted a resounding failure with government data showing America’s trade deficit in 2018 hitting the highest level in a decade. According to the data, America’s merchandise trade deficit — the main focus of Trump’s tariff wars — surged to its highest level ever in 2018, hitting $891.3 billion, […]

Record year – GROHE receives 63 design awards

2018 is the most award-winning year in GROHE’s (www.GROHE.com) history; All newest innovations were honored with coveted awards; With 19 awards in total, the water security system GROHE Sense is now the most awarded product in the portfolio. As one of the four brand pillars, design is an essential component of GROHE’s core values. The […]

American Chamber of Commerce to Improve US-Morocco Commercial Ties

Morocco and the US are considered strong allies in the security field. But Amcham hopes to take that alliance to the social, cultural, and business domains Rabat – The American Chamber of Commerce in Morocco (Amcham)  held its annual gala on February 16 in Casablanca at the Hyatt Regency Hotel. The event, which gathered business […]

Southern African, East and UK sign trade deal

Ahead of its March 29 exit from the European Union (EU), the United Kingdom has signed a deal with countries from East and Southern Africa to explore new and continue to trade with the region. The UK-Eastern and Southern Africa (ESA) Trade Continuity Agreement is meant to replicate the Economic Partnership Agreement that the East […]

In 2019, Food and Agriculture Organization (FAO) aims to provide 32 million people with livelihoods support to keep them on their feet

As global hunger numbers have continued to rise driven by the proliferation of conflicts and climate-related shocks, FAO is seeking $940 million to save the lives and livelihoods of some of the world’s most food-insecure populations. In 2019, FAO is hoping to reach over 32 million people who rely on agriculture for their survival and […]

Connecting African software developers with top tech companies nets Andela $100 million

Andela,the company that connects Africa’s top software developers with technology companies from the U.S. and around the world, has raised $100 million in a new round of funding. The new financing from Generation Investment Management (the investment fund co-founded by former Vice President Al Gore) puts the valuation of the company at somewhere between $600 […]

Asian markets rise as US-China trade talks loom

Asian stocks saw gains on Monday as US and Chinese officials in Beijing geared up for crunch trade talks aimed at averting fresh tariff escalations. Mainland Chinese markets reopened higher after the Lunar New Year break despite a bleak IMF warning over global growth outlook, as efforts to resolve the trade row get under way. […]

SMC Global Power plans receive P30B from bond issue

SMC GLOBAL Power Holdings, Corp. plans to raise up to P30 billion from the issuance of bonds, which have been rated of the highest quality by a local debt watcher. Philippine Rating Services Corp. (Philratings) said in a statement over the weekend that SMC Global Power’s proposed bond issuance of P25 billion, with an oversubscription […]

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