Africa/International

West Africa regional group, Economic Community of West African States (ECOWAS) will soon get a sea trade firm that would be responsible for the movement of goods between member states and promote economic integration. To fund the project,…

Australia will increase its development assistance to Africa by a further AUD$90 million in 2011-2012 bringing its total to AUD$291.3 million, equivalent to $310.58 million. The acting Australian High Commissioner in Accra, Ms Joanna…

Global money transfer Services Company, Western Union and the United States Agency for International Development (USAID) have announced the launch of a new business initiative for US-based African Diaspora known as the African Diaspora…

India's Prime Minister began a six-day trip to Africa on Monday, aiming to strike deeper economic ties with a continent rich in minerals and commodities, but where Asia's third-largest economy lags far behind rival China. Manmohan Singh…

Crude slipped by $2 on Monday as a ratings downgrade for Greece gave fresh impetus to the euro zone debt crisis, lifting the dollar to a seven-week high against a basket of currencies. Fitch cut Greece's debt rating by three notches on…

The UK's top banks are facing further public outrage as the Bank of England reveals they are on course to miss crucial Project Merlin lending targets. Barclays, Royal Bank of Scotland, Lloyds Banking Group, HSBC and Santander UK agreed…

Thousands of people are expected to welcome US President Barack Obama to Dublin as he begins his tour of the UK and Ireland. Mr Obama will also pay a visit to his ancestral home in Moneygall, Co Offaly, as part of a 24-hour visit to the…

Signs of a Wall Street sell-off are all over the place, but U.S. stocks might well survive another week relatively unscathed if investors keep betting on sectors less vulnerable to an economic downturn.Pressure for a correction in the stock…

The hour of the apocalypse came quietly and went the same way — leaving those who believed that Saturday evening would mark the world's end confused, or more faithful, or just philosophical. Believers had spent months warning the world of…

Britain has thrown its weight behind French finance minister Christine Lagarde to be the new head of the International Monetary Fund. Chancellor George Osborne described Ms Lagarde as the "outstanding candidate" to take over the helm of…