Category: International Business & Finance
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Feds Colluded With Big Banks to Spy on Americans’ Financial Transactions
The federal government conducted “broad,” “unjustified” surveillance of the private financial transactions of millions of Americans in the wake of events that took place on Jan. 6, 2021, at the U.S. Capitol, according to a report issued Wednesday by the U.S. House of Representatives Select Subcommittee on the Weaponization of the Federal Government. The report…
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Revolut’s New UK Banking Licence: A Game-Changer in Fintech
Revolut, the largest fintech by valuation, has secured a UK banking licence after a three-year regulatory approval process. Granted by the Prudential Regulation Authority, the licence is in the mobilisation stage, allowing Revolut to build its operations under certain restrictions. This stage provides time to finalise IT infrastructure, governance, and risk management frameworks. Revolut can…
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The British bank Standard Chartered is interested in financing the construction of a standard gauge railway in Uganda.
The British bank Standard Chartered is interested in financing the construction of a standard gauge railway in Uganda. “We are currently working on $1.3 billion worth of projects,” said Sanjay Rugani, chief executive officer of the bank’s Uganda unit.
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Zimbabwe’s First Lady receives potatoes from Belarusian President Alexander Lukashenko’s farms
At the beginning of July, Auxillia Mnangagwa visited Belarus, where she also met with Lukashenko. Later this week, a delegation from the Belarusian Women’s Union visited Zimbabwe at the invitation of the first lady and attended the African Women’s Forum. “The most valuable cargo, which traveled more than six thousand kilometers from Minsk to Victoria…
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High Court of Trinidad and Tobago Upholds ConocoPhillips’ Arbitration Claim Against Venezuela
The High Court of Trinidad and Tobago has upheld the decision to recognize ConocoPhillips’ arbitration claim against Venezuela. This development could potentially freeze the state’s payments to Caracas on joint gas projects. In late May, an initial court ruling allowed ConocoPhillips to enforce a $1.33 billion claim against Venezuela in Trinidad. This ruling enables ConocoPhillips…
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Ghana inaugurates Africa’s largest rooftop solar in the Tema city
It marks a significant step forward in its renewable energy efforts. The cost of construction of the project is $17 million, and it is owned by the local LMI Holding Company Limited. The solar power will be distributed to clients within the Tema Free Zone Enclave industrial area, media reported. “With a capacity of 16.82MW,…
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The mayor of Johansburg “a world class african city” has a statement.
Kabelo Gwamanda is a South African politician who has been the mayor of Johannesburg since May 2023. A member of the Al Jama-ah party, he is the ninth executive mayor of the metropolitan municipality since 2016.
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European oil refining struggles amid development of African and Middle East refineries: reports
Refining in the G7 countries is in a depression, blamed on low demand, probably driven by the green agenda, and high competition from African and Middle Eastern refiners. European energy companies such as TotalEnergies, Neste and Repsol are losing profits from their refineries. Underlying profitability at EU refineries fell 37% in the second quarter compared…
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South Africa to host 100 young representatives from BRICS countries to participate in volunteer activities
This was announced by Asanda Luwaca, Executive Chairperson of South Africa’s National Youth Development Agency (NYDA), on the sidelines of the 10th BRICS Youth Summit in Ulyanovsk, Russia . She noted that the participants would work in various fields, such as medicine, art, culture, and sports. According to Luwaca, work has already begun on the…
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Namibia introduces visa requirement for western travellers
Namibia will soon require visas for visitors from countries that mandate visas for Namibians, including Canada, the US, the UK, and Germany. This new policy, effective April next year, aims to ensure fairness in diplomatic relations, as stated by Namibia’s immigration ministry. Michelle Nehoya, a Namibian who spent nearly $500 on a yet-to-be-approved visa to…
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