International – Page 18 – City Business News

April 28, 2018 No Responses

Grimaldi Okays $400m For Six RoRos

The Grimaldi Group from Italy has ordered the construction of six RoRo vessels from the Chinese Jinling shipyard. The sextet, worth USD 400 million, is scheduled for delivery in 2020, and forms part of the company’s ambitious fleet expansion plan....

April 25, 2018 No Responses

Audi Rolls Out New Q5L SUV With Long Wheelbase

It boasts of 4.77 meters (15.6 ft) long and offers plenty of space for five people and loads of luggage: Audi is presenting the new Q5L at the Beijing Motor Show from April 25 to May 4. The long version...

April 25, 2018 No Responses

CO2 from new cars up as petrol overtakes diesel In New Statistics

The year 2017 saw two new and related trends in EU car registrations: an increase in CO2 emissions coupled with a rise in petrol sales, according to new data from the European Environment Agency (EEA) and the European Automobile Manufacturers’...

April 25, 2018 No Responses

Tony Elumelu To African Leaders: Prioritize Africa’s Youth

During the annual spring meetings of the International Monetary Fund and the World Bank in Washington, DC, African philanthropist and entrepreneur Tony O. Elumelu insisted that prioritizing Africa’s youth by fixing the policy and regulatory issues impeding t...

April 25, 2018 No Responses

Improve Health, Safety Operations, ITF Urges Hutchison Ports

The International Transport Workers’ Federation (ITF) has urged Hutchison Ports to address health and safety incidents across their global operations, after a dockworker suffered multiple injuries in a fall at the company’s Port Botany terminal. The ITF...

April 22, 2018 No Responses

Eximbank Pledges $700m For Shipping

The Export–Import Bank of Korea (KEXIM) has committed to provide the country’s shipping industry with KRW 800 billion ( approximately USD 750 million) worth of loans and guarantees this year. The loans will be provided to shipping companies for buying...

April 20, 2018 No Responses

DMO Photo News

L-R: Director of Portfolio Management Department, Debt Management Office (DMO), Oladele Afolabi; Representative of the Minister of Finance and Director-General of DMO, Patience Oniha; Managing Director of Fitch Ratings Agency, Edward Parker, and Fitch Ratings ...

April 19, 2018 2 Responses

Buhari: Trade, Investment Key To Sustainable Development Among Commonwealth Nations

President Muhammadu Buhari has identified Trade and Investment Facilitation as key to sustainable development and ease of doing business and regional integration among Commonwealth countries. He also cited expanded markets with safeguards against injurious tra...

April 18, 2018 No Responses

Elumelu, Kim, Weiner To Open Forum On Digital Economy for Africa

Chairman, Heirs Holdings and Founder, The Tony Elumelu Foundation, Tony O. Elumelu will join Jim Yong Kim, President, World Bank Group and Jeff Weiner, LinkedIn CEO at the opening debate of the ‘Digital Economy for Africa’ Forum in Washington, D.C...

April 15, 2018 No Responses

IMO Members Agree on 50 % Emissions Cut

Countries attending the International Maritime Organization (IMO) meeting in London agreed to require the shipping sector to reduce its emissions by at least 50 pct by 2050 compared to 2008. “Today’s commitment by governments to require international shipp...

April 14, 2018 No Responses

VW Removes CEO, Unveils Restructuring Agenda

Volkswagen Group has removed Matthias Müller and replaced him with Herbert Diess as Chief Executive Officer. Previously CEO of the Volkswagen brand within the larger 12-brand corporation. According to the company, the move is part of an effort to...

April 14, 2018 No Responses

NIMASA Signs MoU With World Maritime University On Capacity Building

The Nigerian Maritime Administration and safety Agency, NIMASA, has signed a Memorandum of Understanding (MoU) with the World Maritime University, Malmo Sweden to develop human capacity for the Nigerian maritime sector. Speaking shortly after the signing of...

April 12, 2018 No Responses

Tony Elumelu, UBA Chairman To Tour East Africa On Entrepreneurship, Infrastructure

Foremost Entrepreneur and philanthropist, Tony O. Elumelu will lead a 5-day working visit to East Africa, where he will meet with national leaders of Kenya and Uganda. In his capacity as Chairman of United Bank for Africa (UBA), Mr....

April 10, 2018 No Responses

Growing US Imports Threatened by Developing Trade War

Imports at major retail container ports in the US are expected to grow 5.8 percent in April, but could be threatened by a developing trade war between the US and China, the National Retail Federation said. “Tariffs are a tax on...