World News Archives — City Business News

September 29, 2022 No Responses

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...

August 16, 2022 No Responses

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...

January 9, 2022 No Responses

Many Dead As Snow Traps Drivers In Their Vehicles

At least 21 people have died after heavy snow trapped them in their vehicles in northern Pakistan. BBC report that as many as 1,000 vehicles became stranded as would-be tourists reportedly rushed to view the winter snowfall in the hilltop...

September 20, 2021 No Responses

Buhari Arrives New York For UN General Assembly

President Muhammadu Buhari has arrived in New York for the high-level meetings of the 76th Session of the United Nations General Assembly. The New York Correspondent of the News Agency of Nigeria (NAN) reports that Buhari arrived at the JF...

August 17, 2021 No Responses

Biden Defends US Pullout From Afghanistan

President Joe Biden has said he stands “squarely” behind the US exit from Afghanistan as he faces withering criticism over the Taliban’s lightning conquest of the war-torn country. “How many more American lives is it worth?” asked...

June 24, 2021 No Responses

Warren Buffett Donates $4.1b To Charity

Billionaire Warren Buffett has donated another $4.1bn (£2.9bn) worth of Berkshire Hathaway shares to charity. Regarded as the world’s most successful investor, the Berkshire Hathaway chairman has given away huge sums of his wealth to charity. In a...

June 12, 2021 No Responses

G7 Leaders To Unveil Global Anti-Pandemic Action Plan

G7 leaders are to commit to using all their resources in an effort to ensure the devastation caused by a pandemic like Covid-19 is never repeated. On the second day of their summit in Cornwall, they will issue a declaration...

February 20, 2021 No Responses

G7 Increases Support For Covax Scheme To $7.5b

G7 leaders have pledged to intensify co-operation on Covid-19 and increase their contribution to the Covax vaccine-sharing initiative. In a joint statement released after a virtual summit on Friday, G7 leaders raised their overall commitment to $7.5bn (£...

January 1, 2021 No Responses

UK Completes Separation From EU

A new era has begun for the United Kingdom after it completed its formal separation from the European Union. The UK stopped following EU rules at 23:00 GMT, as replacement arrangements for travel, trade, immigration and security co-operation came into...

November 25, 2020 No Responses

Report: India’s Economy To Return To Normal Faster Than Expected

Barclays lifted its fiscal 2022 growth forecast for the Indian economy to 8.5% from an earlier projection of 7%, saying the country would “return to normal” faster than expected as the COVID-19 curve in the world’s second-most populous nat...

November 3, 2020 No Responses

UN@75: Paulline Tallen To Grace Celebration Of MMS UN Generation Amazons

The Minister for Women Affairs, Dame Pauline Tallen is set to grace the upcoming MMS Woman of Fortune Hall of Fame (WoFHoF) Initiative event as the Special Guest of Honour. As the United Nations marks its 75 years anniversary with...

October 26, 2020 No Responses

Samsung Group Chairman Dies At 78

Lee Kun-hee, the chairman of South Korea’s largest conglomerate, Samsung Group, has died aged 78. Mr Lee helped to grow his father’s small trading business into an economic powerhouse, diversifying into areas like insurance and shipping.&nbsp...

August 22, 2020 No Responses

Saudi Arabia Suspends $10b Oil Refinery Project

Aramco, Saudi Arabia’s state oil company has suspended a deal to build a $10 billion refining and petrochemicals complex in China as the company slashes spending to cope with low oil prices.Aramco decided to stop investing in the facility in China’s No...

July 4, 2020 No Responses

Air France To Sack 7,500 Workers

Air France-KLM plans to cut more than 7,500 jobs at its French arm as the airline industry reels from the coronavirus crisis. Europe’s second-biggest airline will cut 6,560 staff at Air France, with its regional French carrier Hop! losing 1,020...