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Africa/International
Scientist warns against global rush into biofuel cultivation
A US scientist, Thomas R. Sinclair has warned countries that are rushing into cultivating biofuels in their efforts to reduce dependence on fossil fuels to take into consideration the multiple limits to plant production on earth.
In an…
AGRA, IFAD boost rural markets, incomes of smallholder farmers in Mozambique with $40.6m initiative
The Alliance for a Green Revolution in Africa (AGRA) is living up to its name as the organization continues to set ablaze an agricultural revolution across the African continent that would probably never be equaled in the history of Africa.…
Nigeria Stock Exchange suspends trade in five banks
Nigeria’s stock exchange suspended trade in five banks’ shares after their chief executive officers were fired, a move that Central Bank of Nigeria Governor Lamido Sanusi said was aimed at preventing a “freefall” in the value of the stocks.…
Harmony Gold announces first dividend in five years
Harmony Gold Mining Co. declared its first dividend in five years as the third-largest producer of the metal in Africa said sales of less-profitable assets, staff cuts and lower debt returned finances to “excellent health.”
Shareholders…
Wall Street joins a downturn
Investors on Wall Street sent shares lower on Monday as a chilly pessimism about the global recovery settled over worldwide markets.
Before the weekend, disappointing data about the confidence of American consumers deflated stocks and…
Battered US consumers still need Fed support
Consumers, the cornerstone of U.S. economic activity, are still in disarray, data and central bank measures signaled on Monday, as households struggle amid the worst recession since the Great Depression.
The U.S. Federal Reserve announced…
Reader’s Digest to file for bankruptcy
Reader's Digest Association Inc, publisher of the widely-read Reader's Digest magazine, said on Monday it would likely file for Chapter 11 bankruptcy for its U.S. businesses to cut its debt load.
The media company, known worldwide for its…
Ghanaian couple on trial for fake wedding in US
A Ghanaian couple has been accused of staging a fake wedding so that they could stay in the United States of America.
According to the Columbus Dispatch, the couple is standing trial in a federal court in central Ohio.
The two Lilan…
Egypt signs oil and gas agreements
Egypt has signed agreements for oil and natural gas exploration that are expected to bring in new investments of $2.3 billion, an official at the Oil Ministry said on Monday.
"Of the total, five are extensions and amendments to already…
Zimbabwe dollar is dead
A woman pays her bus fare with 3 trillion in old Zimbabwe dollars — the equivalent of 50 U.S. cents. The collector accepts the brick of neatly folded bundles of a trillion each without bothering to count the notes.
"No one seems to worry,…