Tag Archives: economy

  Pretoria, South Africa | AFP |  Newly-elected South African President Cyril Ramaphosa faces herculean tasks after he gets down to work after Saturday’s inauguration. They include: – Fixing the economy – South Africa has the most advanced infrastructure in the continent, but its commodities-dependent economy has been in a …

    Harare, Zimbabwe | AFP |  Zimbabwe on Tuesday announced a fresh increase in fuel prices, months after a price hike triggered nationwide protests and a brutal security crackdown as the country’s economy woes deepen further. Upping prices by about 46 percent, the Zimbabwe Energy Regulatory Authority (ZERA) said …

Paris, France | AFP | Revamping global food production, retooling the financial sector, moving beyond GDP as a measure of progress and other “transformative changes” are needed to save Nature and ourselves, a major UN biodiversity report is set to conclude. Delegates from 130 nations wrap up week-long negotiations in …

Johannesburg, South Africa | AFP | The election 25 years ago of South Africa’s first black president, the late Nelson Mandela, who inspired the struggle against apartheid, was a time of soaring hope that the bruised country would reconcile after decades of discrimination and inequality. “You have mandated us to …

Kiev, Ukraine | AFP | Ukraine’s election has catapulted Volodymyr Zelensky, a 41-year-old standup comedian and television star with no political experience, into the nation’s top job. As leader of a country dependent on international aid and battling separatists, Zelensky will have to deal with Russian President Vladimir Putin, deep …

London, United Kingdom | AFP |  Worldwide music sales rose by nearly 10 percent in 2018, a fourth consecutive year of growth fuelled by online streaming, according to figures released on Tuesday by an industry body. Revenues reached $19.1 billion last year, the International Federation of the Phonographic Industry, which …

Praia, Cape Verde | AFP | The World Health Organization has estimated that disease strips hundreds of millions of dollars from Africa’s economic output, as the burden of untreated disease hugely outweighs the potential expense of healthcare. In a report published at the end of a three-day UN forum for …

  Rome, Italy | AFP | Chinese President Xi Jinping sought Friday to allay Western unease over his new Silk Road initiative by emphasising the vast infrastructure project’s two-way nature as he kicked off a whistlestop European tour in Rome. Italy has rolled out the red carpet for Xi, who …

New Delhi, India | AFP | Vishal Chowdhary is young, bright and armed with an MBA. But he has spent two years struggling to find work in India’s sluggish jobs market — a major headache for Prime Minister Narendra Modi ahead of looming elections. The government’s failure to create enough …

London, United Kingdom | AFP | Nearly a third of Britain’s billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday. The Times newspaper published a series of reports detailing allegations of Britain’s ultra-rich …