October 31, 2020
  • October 31, 2020

US economy grows 7.4% in Q3, biggest gain ever

by on October 29, 2020 0

The United States (US) economic output grew at the fastest pace on record last quarter as businesses began to reopen and customers returned to stores. But the economy has climbed only partway out of its pandemic-induced hole, and progress is slowing. The Gross Domestic Product grew 7.4 percent in the third quarter, the Commerce...

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Zambia agrees with China bank on debt repayment plans

by on October 28, 2020 0

Zambia has reached deal with the China Development Bank (CDB) to defer debt repayments that were due this month, Zambia’s government said, without giving the size of the debt or the repayments that were due. “Under the terms of our agreement with CDB, interest and principal due on 25th October 2020 will be deferred....

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Air traffic at European major hubs down 80% in September

by on October 15, 2020 0

Passenger traffic in Europe’s biggest hub airports declined more than 80 percent in September compared with the previous year’s levels, data for London Heathrow, Frankfurt Airport and Paris Charles de Gaulle reveals. Heathrow, Europe’s busiest airport, on October 12, disclosed its passenger numbers fell 81.5 percent to 1.26 million in September, a report by...

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Global anti-corruption watch seeks sanction against foreign firms offering bribe for contracts

by on October 14, 2020 0

By Samuel Bankole Transparency International, the global anti-corruption watch has called on all countries that are signatories to the OECD Anti-Bribery Convention, as well as the other major global exporters to enforce sanctions against companies from their jurisdiction offering bride to win contracts in foreign countries. The Anti-corruption watch said developed countries should also...

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AfDB seeks Japanese private sector investment in Africa

by on October 7, 2020 0

The African Development Bank (AfDB) has urged Japanese investors to collaborate with local partners in Africa in order to stimulate growth on the continent. The continental lender, which hosted the Japanese private sector on a Webinar on doing business in Africa, said Africa need more investment from Japan and the bank is ready to...

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