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Africa/International
India increases credit lines to Africa to $5.4b
India will increase credit lines to Africa to $5.4 billion until 2012 from the current $2.15 billion, and will also boost technical and economic support to the continent, it said on Friday.
A delegation led by Vice President Mohammad Hamid…
Egyptian court to rule in Mobinil bid on Wednesday
An Egyptian court will issue a verdict on Wednesday on Orascom Telecom's attempt to block an offer by France Telecom to buy all of Egyptian telecom operator Mobinil's outstanding shares.
France Telecom offered to buy the shares at 245…
Zambia to supply electricity to South Africa for 2010 World Cup
Zambia has agreed to supply power to South Africa to help avoid power disruptions during the 2010 FIFA World Cup, the head of the state power utility Zesco said on Saturday.
South Africa's power grid has been under pressure for more than…
China exports rise in December 2009
China’s exports went up in December 2009 for the first time in 14 months the Bloomberg news reports.
Imports, also rose 55.9% as the country leads a global economic recovery.
Citing information from the China customs bureau website, it…
Rare US coin goes for over $3.7m at auction
A rare 1913 U.S. coin once owned by an Egyptian king and later featured in a famous U.S. TV detective series was sold for more than $3.7 million (2.3 million pounds) in a public auction in Florida, the auctioneers said on Friday.
The…
China to increase investments in Nigeria
China intends to increase its investments in Nigeria, West Africa’s most populous nation, the Bloomberg news service has said.
Officials of the two countries have held discussions about China increasing investments in Nigeria’s electricity…
Standard Bank to open business in Angola
South African Standard Bank hopes to open for business in Angola by mid-year when it will be interested in any sector consolidation and set to act as a link between the country's resources and China and Russia.
Warming relations between…
Obama unveils $2.3b clean energy tax credits
U.S. President Barack Obama unveiled a $2.3 billion tax credit on Friday to boost jobs by promoting clean energy, as new data showed the country's unemployment rate remained stuck in the double digits.
Obama said the credit, from funds…
Obama takes another look at jobs after weak labour report
His agenda altered by the Christmas bombing attempt, President Barack Obama pivoted back to the domestic economy on Friday, promoting new U.S. spending to create tens of thousands of clean-technology jobs.
He outlined the initiative…
Intel rolls out new chips that put it ahead of AMD
Intel Corp. rolled out new computer chips Thursday that highlight the company's lead over Advanced Micro Devices Inc. in its ability to shrink the circuitry inside its processors.
Intel's new Core chips, unveiled at the International…