Germany, UAE Reinforce Energy Partnership

Germany, UAE Reinforce Energy Partnership

Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action.  The agreement was...
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Buhari Bids UN General Assembly Farewell As Nigeria’s Leader

Buhari Bids UN General Assembly Farewell As Nigeria’s Leader

President Muhammadu Buhari addressed the UN General Assembly on Wednesday for the last time as Nigeria’s leader. In his farewell speech, he told the global body that his administration was determined to entrench a process of free, fair, transparent and...
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WHO Reports Global Decline In COVID 19 Cases

WHO Reports Global Decline In COVID 19 Cases

The World Health Organisation (WHO) says cases of COVID-19 have declined globally.  Dr Tedros Ghebreyesus, WHO Director-General said this on Wednesday in an online COVD-19 media briefing.  “This is very encouraging. But there is no guarantee these tren...
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Samsung, Daewoo, Secure $2.35 Order For Eleven LNG Carriers  

Samsung, Daewoo, Secure $2.35 Order For Eleven LNG Carriers  

The world’s largest shipbuilders are tapping into the surging demand for LNG carriers. South Korea’s Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering Co (DSME) has revealed a combined order for 11 LNG carriers worth approxima...
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Oil Slides More Than $7 On Inflation, Iraq Exports

Oil Slides More Than $7 On Inflation, Iraq Exports

Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as unrest in Iraq has failed to put a dent...
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Toyota Suspends Operations At Sichuan Plant

Toyota Suspends Operations At Sichuan Plant

Toyota Motor Corp has suspended operations at its plant in China’s Sichuan province after local authorities issued an order to conserve electricity. Toyota’s joint venture plant in the city of Chengdu has ceased operations until Saturday, a company spokesp...
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UK To Cut Taxes On Imports From Developing Countries

UK To Cut Taxes On Imports From Developing Countries

The UK is to cut import taxes on hundreds more products from some of the world’s poorest countries to boost trade links. The Developing Countries Trading Scheme comes into force in January and builds on a scheme the UK was...
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Oil Prices Tumble As China Economy Stutters 

Oil Prices Tumble As China Economy Stutters 

Oil prices slumped nearly five percent Monday on data showing China’s economic recovery stuttering under Covid-19 restrictions and a slumping property sector. Stock markets mostly steadied and the dollar traded mixed as investors welcome signs of cooling US ...
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WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022

WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022

New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, lays bare the full economic impact of the Ukraine war upon a global economy still trying to recover from the...
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World Bank deploys $114.9b To Finance Global Crisis  

World Bank deploys $114.9b To Finance Global Crisis  

The World Bank Group has responded to the overlapping global crises by deploying $114.9 billion in financing in 2022.  In a statement on Saturday, the Bank explained that from July 1, 2021, to June 30, 2022, it responded with unprecedented scale...
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PwC Staff To Get Pay Rise 

PwC Staff To Get Pay Rise 

Thousands of PwC staff are to get a 9% pay rise in response to rising living costs and a competitive recruitment market, the accountancy giant has said.  The company said half of its more than 20,000 employees in the UK...
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Global Leaders Pledge $4b To Tackle Malaria, NTDs

Global Leaders Pledge $4b To Tackle Malaria, NTDs

By Moses Ebosele, ebosele@hotmail.com — As part of measures to tackle Malaria and Neglected Tropical Diseases (NTDs), global leaders led by African Heads of State, at the historic Kigali Summit on Malaria and NTDs, have pledged $4 billion. Hosted by Pre...
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Okonjo-Iweala Warns Of Global Food Crisis

Okonjo-Iweala Warns Of Global Food Crisis

A food crisis kicked off by the Ukraine war could last for years without intervention, the head of the World Trade Organization has said. African countries could be hit especially hard by wheat and fertilizer shortages, WTO director-general Ngozi Okonjo-Iweala...
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Germany Unveils Bill To Accelerate The Use Of LNG

Germany Unveils Bill To Accelerate The Use Of LNG

Germany’s government has taken another important step to reduce dependence on Russian energy imports by agreeing on a formulation of the draft law on the acceleration of the use of LNG.    The Federal Ministry of Economics and Climate Protection...
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