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Africa/International
US Veep Biden ‘confident’ of more than $1 trillion in deficit cuts
Even as Vice President Joe Biden gave his most optimistic assessment yet of budget talks he's leading, President Barack Obama's Democratic allies in the Senate signaled Tuesday a harder line on Medicare. That stance is complicating any…
African Development Bank signs deal with China and Brazil
The African Development Bank (AfDB) Group has signed two major cooperation agreements with China and Brazil for the funding of projects and programs in its regional member countries (RMCs), according to a statement from the Bank.
The…
African Development Bank approves $700m financial package for two Nigerian banks
The Board of Directors of the African Development Bank (AfDB) has approved two separate financial packages for two leading banks in Nigeria.
The Nigerian Export-Import Bank (NEXIM) and the Bank of Industry (BOI) are the receivers of the…
Asia stock markets down
Asian stock markets retreated Monday as evidence mounted that recoveries in the world's biggest economies have hit a roadblock.
Oil prices fell below $99 a barrel, extending a big loss on Friday after a report said Saudi Arabia plans to…
Economic recovery ‘won’t end UK’s job drought’
The Government has been urged to tackle the UK's "structural jobs deficit" after a leading business group warned that deep-rooted problems would not be solved by the economic recovery.
The CBI said the decade of growth before the recession…
IMF hit by major cyber attack
The International Monetary Fund (IMF) says it has been targeted by a sophisticated cyber attack.
Officials at the fund gave few details but said the attack earlier this year had been "a very major breach" of its systems, the New York Times…
African Leaders urged to call emergency meeting to resolve current problems
African Leaders should wake up from their slumber and take up the destiny of the Continent into their own hands by calling an emergency meeting to resolve the current problems plaguing Africa.
The present situation where Africa Leaders…
Oil prices rise above $101 per barrel
Oil prices rose above $101 a barrel Thursday in Asia, extending gains from the previous session after OPEC leaders unexpectedly left crude production quotas unchanged.
Benchmark oil for July delivery was up 59 cents to $101.33 a barrel at…
Facebook gives regulators info on facial recognition
Facebook is providing European regulators with information about its use of facial recognition technology, in response to concerns about the company's roll-out of the technology's availability outside of the United States.
Facebook, the…
CNN, Nokia announce international partnership
Cable News Network (CNN) and Nokia have announced a multi-level international collaboration where Nokia becomes a key part of CNN's roster of mapping providers, delivering its rich mapping services to the international news network.…