The Democratic Republic of Congo (DRC) will officially be admitted to the East African Community (EAC)…
Category: Global Business News
EAC reviews Common Market Protocol ahead of DRC entry
The East African Community is reviewing the Common Market Protocol to allow a smooth entry of…
Shell stops buying Russian crude oil, issues apology
March 8 (Reuters) – Shell on Tuesday apologised for buying Russian crude oil last week and said…
Brent crude up $10, shares sink as Ukraine conflict deepens
TOKYO (AP) — The price of oil jumped about $10 a barrel and shares were sharply…
Anti-money-laundering body puts UAE on global ‘gray’ list
DUBAI, United Arab Emirates (AP) — A global body focused on fighting money laundering has placed…
Ethiopia starts partial power generation from Blue Nile dam
NAIROBI, Kenya (AP) — Ethiopia has started generating electricity from the controversial mega-dam that is being…
Why do oil prices matter to the global economy? An expert explains
Demand for oil plunged in 2020 during the pandemic when lockdowns led the price to fall…
Regulators won’t let Boeing certify new 787 jets for flight
Federal safety regulators say they will retain power to approve Boeing 787 airliners for flight rather…
South Korea weighs penalty against Tesla for exaggerating mileage
SEOUL, Feb 15 (Reuters) – South Korea’s antitrust regulator is considering imposing penalties against US electric car maker…
‘Fragile Five’ Indebted Africa Nations Flagged by Top Lender
Five key African economies will face debt risks over the next two years, according to the…