Greece Crisis deepens amid deadlock
Greece and its international creditors remain in deadlock over its debt crisis despite a series of top-level meetings. Prime Minister Alexis Tsipras failed to reach a deal with Greece’s lenders, then a meeting of European finance ministers broke up without progress. The Athens government faces default if it fails to make a €1.6bn (£1.1bn) IMF […]
Global conflicts ‘cost $14.3tn’, 13% of world GDP
Conflicts around the world cost $14.3tn (£9.1tn) last year, 13% of world GDP, says a survey on global peace. That amount is equivalent to the combined economies of Brazil, Canada, France, Germany, Spain and the United Kingdom, the report by the Institute for Economics and Peace (IEP) said. The divide between the most peaceful and […]
Ethiopia’s Socio-Economic Stride – Bedrocks
Lately, everyone’s talking point is Ethiopia’s socio-economic stride. As the news coverage from Bloomberg Business revealed: The buzz at the World Economic Forum on Africa, an annual summit of the continent’s rich and powerful, is all about Ethiopia, where the economy is flourishing and the government is embracing select foreign capital. Executives from General Electric […]
Malnutrition cuts Malawi GDP by 10 percent yearly
ROME (Thomson Reuters Foundation) – Poor childhood nutrition costs Malawi’s economy nearly $600 million, 10 percent of its GDP, annually because of increased healthcare expenses and low workforce productivity, according to a joint U.N.-government study released on Wednesday. Years of stunting among children who did not get enough vitamins and minerals in the first two […]
Mauritius a massive help to the economic development: Ravelonarivo
Madagascar’s Prime Minister Jean Ravelonarivo said neighboring island Mauritius could be a massive help to the economic development of his country, when he paid a courtesy visit to both the prime minister and president of Mauritius on April 30. Discussions were on bilateral trade and the need to concentrate efforts of both islands in the […]
China and Equatorial Guinea sign a $2 billion deal
China’s biggest lender by assets, Industrial and Commercial Bank of China, said on Wednesday it had signed an infrastructure pact worth $2 billion with the oil-rich west African nation of Equatorial Guinea. The agreement was signed on Tuesday following a meeting in Beijing between Chinese President Xi Jinping and Equatorial Guinea President Teodor Obiang Nguema, […]
