Category: International Business & Finance
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Police find the bodies of 4 men, including a policeman, shot to death near resort outside Cancun
Police on Mexico’s Caribbean coast said Friday they have found the bodies of four men, including a policeman, shot to death near a resort just south of Cancun. The victims all had apparently been shot in the head and were found dumped near the highway leading out of Cancun. A former Cancun police officer was…
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Tanzania unveils over 6,000 job vacancies
The Tanzanian government has announced 6,257 job vacancies in the public sector, which could spark significant interest among job seekers and recent graduates. Key positions include procurement officers, drivers, accountants, community development officers, and more, spanning various fields. Applicants must submit applications by August 16 with thorough documentation, including educational and professional certificates. While many…
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Countries in the Middle East and Africa are withdrawing their gold reserves from the US – Houston Post
▪️ Growing concerns about the stability of the American economy are prompting governments in Africa and the Middle East to withdraw their gold reserves from the United States. The traditional status of the United States as a safe haven for finance is rapidly collapsing , statesthe American Houston Post ▪️ Among the countries that have…
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In the past 24 hours, nearly all leading tech stocks experienced double-digit declines:
In the past 24 hours, nearly all leading tech stocks experienced double-digit declines: Google: -11%Amazon: -10%Microsoft: -9%NVIDIA: -11%Apple: -10%Meta: -10%
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Pelosi says Biden should be on Mount Rushmore
The likeness of US president Joe Biden should be among those of George Washington, Thomas Jefferson, Theodore Roosevelt and Abraham Lincoln atop Mount Rushmore, former US House Speaker Nancy Pelosi suggested during an interview on CBS. “Such a consequential president of the United States. A Mount Rushmore kind of president of the US. You can…
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Ethiopia amasses over $27 billion following macroeconomic reform implementation
The money has been raised through debt relief, international aid, and partnerships, state media reported, citing Finance State Minister Eyob Tekalign. The comprehensive policy aims to foster sustainable growth and inclusive benefits for citizens. With ongoing reforms across agriculture, mining, and tourism, the country has not only alleviated its debt burden from 30% to 17%…
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Local protesters partially shut down Libya’s Sharara oil field, field engineers say
Local protesters have partially shut down Libya’s Sharara oil field, according to two field engineers. The Sharara field, one of Libya’s largest production areas with a capacity of about 300,000 barrels per day, has been a frequent target for several political reasons and demands by local protesters. The field is located in Murzuq basin in…
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A railway line from the port of Dar es Salaam and Morogoro to the capital of the Tanzania has been put into operation
In Tanzania, on August 1, a 541-kilometer railway line from the port of Dar es Salaam and Morogoro to the capital of the country, Dodoma, was put into operation. The cost of the project was $3.1 billion. The construction was carried out by the Turkish company Yapi Merkezi. The new railway connects Tanzania with countries…
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Plunder Capitalism: A Threat to Africa’s Financial Sovereignty and the Pan-African Dream
The recent discussion on “Pan African Email” regarding the privatization of the U.S. government raises a critical point: the insidious nature of plunder capitalism. This exploitative economic model, where corporations and a wealthy elite extract wealth from nations and their resources, has a long and devastating history in Africa. Here’s how plunder capitalism operates and…
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Libya’s $70 bln Wealth Fund Sees Thaw in UN Asset Freeze by Year-end
The Libyan Investment Authority is expecting UN sign-off by the end of the year to actively manage its $70 billion in assets for the first time in more than a decade, its chief executive told Reuters. The LIA, set up under Muammar Gaddafi in 2006 to manage the country’s oil wealth, has been under a…
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