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Turkey’s President Erdogan calls Israel “terror state” over Palestinian clashes

by Editor on May 8, 2021 0

Turkish President Tayyip Erdogan called Israel a “terror state” on Saturday after Israeli police fired rubber bullets and stun grenades towards rock-hurling Palestinian youth at Jerusalem’s Al-Aqsa mosque on Friday. He added that Ankara had launched initiatives to mobilise international institutions. The clashes at Islam’s third-holiest site and around East Jerusalem, which injured at least 205 Palestinians and 17 police...

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Ivory Coast 2021/22 cotton output expected to hit record 580,000 T

by Editor on May 7, 2021 0

Ivory Coast’s cotton output for the 2021/22 season is projected to reach a record 580,000 tonnes, up 4 percent from the previous season, the cotton ginners’ association said on Thursday. The country’s cotton sector has been recovering for the past decade after years of political turmoil caused production to plummet. The world’s top cocoa-producing...

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Again, Ghana beats Nigeria, other African nations to receive 2nd batch of vaccines from Covax

by Editor on May 7, 2021 0

Ghana has become the first country to get a second delivery of vaccines from the World Health Organization-backed Covax facility after India, who manufactures the shots, halted exports to face its own health crisis. The batch of 350,000 AstraZeneca Plc vaccines made by the Serum Institute of India arrived from the Democratic Republic of Congo Friday, Martha Gyansa-Lutterodt,...

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COVID scare at G7 meeting after Indian delegates test positive

by Editor on May 5, 2021 0

The Group of Seven foreign ministers’ meeting in London was hit by a COVID-19 scare on Wednesday when India’s foreign minister and his entire team said they were self-isolating after two delegation members tested positive. Britain is hosting the three-day meeting – the first such G7 event in two years – which has been...

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WTO DG Okonjo-Iweala appoints four new deputies

by Editor on May 4, 2021 0

By Samuel Bankole World Trade Organisation (WTO) Director-General Ngozi Okonjo-Iweala has announced the appointment four of Deputy Directors-General to assist her in her assignment. The newly appointed DDGs are Angela Ellard of the United States, Anabel González of Costa Rica, Ambassador Jean-Marie Paugam of France and Ambassador Xiangchen Zhang of China. “I am very...

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More than a month after, Egypt hold on to giant container ship that blocked the Suez Canal in March

by Editor on May 4, 2021 0

An Egyptian court upheld a ruling preventing the giant container ship that blocked the Suez Canal from leaving the country after authorities sought more than $900 million in compensation from the owners. The decision was announced Tuesday by a court in the canal-side city of Ismailia, following a legal appeal. The 400-meter-long Ever Given...

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Bill and Melinda Gates Are Divorcing

by Editor on May 3, 2021 0

Bill and Melinda Gates, two of the richest people in the world, who reshaped philanthropy and public health with the fortune Mr. Gates made as a co-founder of Microsoft, said on Monday that they were divorcing. For decades, Mr. and Ms. Gates have been singular forces on the world stage, their vast wealth affording them...

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Rising cases of Covid in India hit at global crude oil prices

by Editor on May 3, 2021 0

Crude oil prices eased as weaker fuel demand in India, grappling with a surge in Covid-19 cases, tempered optimism over the global economic recovery. Brent crude fell 0.2 percent after rising almost 6 percent last month. Sales of gasoline in India were the lowest in April since August, while average daily diesel sales were the lowest...

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Nigeria, S/Africa two others to tap Islamic Sukuk bond to finance budget gap this year

by Editor on May 3, 2021 0

The financing required to rebuild economies in African nations following the Coronavirus pandemic gives the continent an opportunity to boost its share of Islamic financing. The global Islamic-finance industry is forecast to expand about 25 percent this year after assets declined 23.5 percent in 2020, said Faizal Bhana, the director for the Middle East,...

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France summit will tackle how to spur economic recovery in Africa

by Editor on May 1, 2021 0

A May 18 summit in France will tackle how developing countries, particularly in Africa, can avoid falling further behind as the global economy rebounds after the coronavirus pandemic, French economy minister Bruno Le Maire has said. The International Monetary Fund (IMF) has allocated $23 billion in direct financing to countries in sub-Saharan Africa, whose...