DIRS.INFO The most relevant business & tech news

☆ Cairo is bursting at the seams, so Egypt is building a new $58 billion capital 30 miles away. Take a look.
▼ + stars: | 2024-05-04 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

The city, which already holds Africa's tallest building, is expected to cost $58 billion to build. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementLike Indonesia, Egypt is building a new capital — although in this case, it's responding to the challenge of overcrowding. The existing capital, Cairo, is home to about 22 million people, making it one of the world's most densely populated metropolitan areas. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, New, Business Locations: Cairo, Indonesia, Egypt

☆ Colombia will cut diplomatic ties with Israel, President Petro says
▼ + stars: | 2024-05-02 | by ( ) www.cnbc.com time to read: +1 min

Colombian President Gustavo Petro speaking during a press conference in Bogota, Colombia, on February 8, 2024, after a meeting with the United Nations Security Council. Colombian President Gustavo Petro said on Wednesday he will break diplomatic relations with Israel over its actions in Gaza. Petro has already heavily criticized Israeli Prime Minister Benjamin Netanyahu and requested to join South Africa's case accusing Israel of genocide at the International Court of Justice. "Here in front of you, the government of change, of the president of the republic announces that tomorrow we will break diplomatic relations with the state of Israel ... for having a government, for having a president who is genocidal," Petro told cheering crowds in Bogota who marched to mark International Worker's Day and back Petro's social and economic reforms. Countries cannot be passive in the face of events in Gaza, he added.

Persons: Gustavo Petro, Gaza . Petro, Benjamin Netanyahu, Israel, Petro Organizations: United Nations Security Council, Colombian, Israeli, International Court of Justice Locations: Bogota, Colombia, Israel, Gaza ., Gaza

☆ South Africa’s democracy is turning 30 – but a silent crisis threatens its hard-fought gains
▼ + stars: | 2024-04-26 | by ( David Mckenzie | Sarah Dean | ) edition.cnn.com time to read: +9 min

Soweto, South Africa CNN —Seth Mazibuko strides into the intersection of Moema and Vilakazi Street in Soweto, gesturing to the spot that changed South African history. Cars are used as roadblocks on June 21, 1976, during unrest in Soweto, South Africa, stemming from protests against the use of Afrikaans in schools. But as South Africans celebrate 30 years of democracy this week, many educators and activists believe that there is a crisis hollowing out the country’s education system – a crisis that threatens democracy’s hard-fought gains. Despite substantial education funding, South African students consistently rank among the lowest in global assessments of literacy and numeracy skills. South Africa has the highest unemployment rate in the world and many university graduates struggle to enter the workforce.

Persons: South Africa CNN — Seth, ”, Mazibuko, Mike Mizleni, Prince Mulwela, Angie Motshekga, Motshekga, Nelson Mandela, Walter Dhladhla, it’s, Ann Bernstein, Bernstein, Morris Isaacson, “, ‘, ’, General, Mbali Msimanga, Atlegang Alcock, Mandela Organizations: South Africa CNN, Black South, Getty, Keystone, Hulton, “, Morris Isaacson High School, CNN, South, Basic, African National Congress, ANC, of Development, Enterprise, Corruption, South African Democratic Teachers Union, Cape Town Locations: Soweto, South Africa, Moema, gesturing, AFP, Africa, Canada, Kenya, Oshlange, Black, Durban, South Africa's, Johannesburg, Robben, Cape

☆ How a Jack Dorsey-backed bitcoin miner uses a volcano in Kenya to turn on the lights in rural homes
▼ + stars: | 2024-04-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

watch nowHELL'S GATE, Kenya — Two-and-a-half hours northwest of Nairobi by car, a small group of bitcoin miners set up shop at the site of an extinct volcano near Hell's Gate National Park. "That doesn't happen without the bitcoin miners and us being globally distributed." MacKenzie SigalosWherever the operation, bitcoin mining is a volatile business, because so much of the economics depends on the price of the cryptocurrency. Before getting into bitcoin mining, he and his two co-founders, Philip Walton and Janet Maingi, spent years building internet connectivity infrastructure in rural and urban Africa. Demand from bitcoin miners on these semi-stranded assets is making renewables in Africa economically viable.

Persons: Jack Dorsey's, MacKenzie Sigalos, Erik Hersman, Bitcoin, Gridless, Lake Naivasha, bitcoin, Adam Sullivan, Philip Walton, Janet Maingi, Michael Gottschalk, Nic Carter, Carter, Hersman, It's, it's Organizations: CNBC, Kenyan, Core, Deutsche Bank, Marathon, United Arab, Getty, Island Ventures, Miners, International Energy Agency Locations: Kenya, Nairobi, Lake Naivasha, Malawi, Zambia, Venezuela, Lebanon, Gate, Lake, U.S, Texas, Russia, China, America, Africa, Toronto, Argentina, Florida, United Arab Emirates, Paraguay, Hersman, Sudan, Iceland, El Salvador, Bhutan

Link icon An image of a chain link. It symobilizes a website link url. Link icon An image of a chain link. Copy LinkTwitter LinkedIn icon LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. Twitter LinkedIn icon LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link.

☆ Trump’s campaign said it raised $50.5 million at a high-dollar Florida fundraiser
▼ + stars: | 2024-04-07 | by ( ) www.cnbc.com time to read: +6 min

Donald Trump's campaign said it raised $50.5 million on Saturday, a staggering reported haul as his campaign works to catch up to the fundraising juggernaut of President Joe Biden and the Democratic Party. Trump and the GOP announced earlier in the week that they raised more than $65.6 million in March and closed out the month with $93.1 million. Biden and the Democrats announced Saturday that they took in more than $90 million last month and had $192 million-plus on hand. Campaign fundraising reports filed with the Federal Election Commission detailing donations from Saturday's event are not expected until a mid-July filing date. But when checks of any amount are written to the combined campaign, the campaign and Save America get paid first by default.

Persons: Donald Trump, John Paulson, Melania Trump, —, that's what's, Trump, Biden, Chris LaCivita, Susie Wiles, Bill Clinton, Barack Obama, Donald Trump's, Joe Biden, Jaime Harrison, Lara Trump, Robert Bigelow, Ron DeSantis, John Catsimatidis, Linda McMahon, Steve Wynn, Georgia Sen, Kelly Loeffler, South Carolina Sen, Tim Scott, Doug Burgum, Vivek Ramaswamy —, Nelson Mandela, South Africa's, Jasmine Harris, Jesus Christ, that's Donald Trump Organizations: America, Trump, Republican, Radio City Music Hall, Democratic Party, GOP, Mar, Democratic, Federal, Commission, Republican National Committee, Save, RNC, Save America, Florida Gov, World Wrestling Entertainment, Small Business Administration, South, Tim Scott , North Dakota Gov Locations: Palm Beach , Florida, Beach , Florida, New York, Florida, Las Vegas, Georgia, South Carolina, Tim Scott , North, York

☆ Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
▼ + stars: | 2024-03-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation. The CBN announced that its main monetary policy rate would rise to 24.75% from 22.75%, in its second consecutive hike after February's 400 basis point increase. Governor Olayemi Cardoso told a press conference that policymakers believed they need to continue tightening in order to tame runaway inflation, according to Reuters. "That may be a sign that some MPC members are concerned about the impact on growth from tighter monetary policy," he suggested in a note on Tuesday. Capital Economics expects further tightening, given Governor Cardoso's need to bring down the curtain on the country's inflation and currency crises.

Persons: Olayemi Cardoso, David Omojomolo, Cardoso's Organizations: Central Bank of Nigeria, CBN, Reuters, Capital Economics, MPC Locations: Africa

And perhaps best of all, money — from selling the electricity generated by the wind turbines studding the flat green fields stretching out to the North Sea. A slice of the cash goes to the villagers themselves, with the local buy-in making this windy farming enclave near the border with Denmark a showcase for ways to push ahead with renewable energy projects. The S&P Global Clean Energy Index of shares in companies with clean energy-related businesses has fallen 26% over the past year, even as broader market indexes have surged to records. In sub-Saharan Africa, where half the population lacks access to electricity, renewable projects face even steeper challenges with financing. In Nigeria, where blackouts are an everyday event for about half of the country’s 213 million people, some 14 solar projects have stalled because the finances don’t add up.

Persons: ”, Astrid Nissen, moos, “, Mackenzie, it's, Nissen, Christian Andresen, Andresen, Orsted, Vattenfall, David Shepheard, Edu Okeke, Taiwo Organizations: U.S . Federal Reserve, European Central Bank, University College London, Solar, Energie Andresen GmbH, Energy, logjams, World Bank Locations: SPRAKEBUELL, Germany, Denmark, village's, Spain, Italy, Africa, Flensburg, Sprakebuell's, German, Danish, New Jersey, Swedish, North American, Saharan Africa, Nigeria, Katsina, Abuja

NIAMEY, Niger (AP) — Niger's junta said Saturday the U.S. military presence in the country is no longer justified, making the announcement on state television after holding high-level talks with U.S. diplomatic and military officials this week. He said Niger was suspending military cooperation with Washington and added that U.S. flights over the country’s territory in recent weeks were illegal. The U.S. has also invested years and hundreds of millions of dollars in training Niger's military. Photos You Should See View All 60 ImagesThe Niger junta spokesman said the U.S. tone was condescending and threatened Niger's sovereignty. The U.S. military had some 650 personnel working in Niger in December, according to a White House report to Congress.

Persons: — Niger's, Maj, Amadou Abdramane, Niger's, Mohammed Bazoum, Molly Phee, Michael Langley, Phee, Jessica Donati Organizations: U.S, Washington, European Union, military's, Command, Niger, Associated Press Locations: NIAMEY, Niger, U.S, Africa's Sahel, Agadez, Niamey, Washington, Africa, France, Dakar, Senegal

☆ Drones have turned the tables in recent African wars
▼ + stars: | 2024-03-16 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Drones recently supplied to Sudan by Iran are already making an impact in that country's brutal civil war. Similar types of drones played decisive roles in turning the tables in two previous African civil wars in recent years and could do so again. "It should come as no surprise that these drones are being used in wars around the world," Rogers told BI. In this context, drones are useful to achieve specific objectives, but they will not win the war alone," Rogers said. RANE's Dodd also credited Ethiopia's drone procurements for decisively "turning the tide" of the Tigray War.

Persons: —, Remi Dodd, RANE, it's, Dodd, James Patton Rogers, Rogers, Turkey's TB2, Loong, Debretsion Gebremichael, RANE's Dodd Organizations: Service, Business, Sudanese Armed Forces, Rapid Support Forces, United, Ethiopian, Tigray, Libyan National Army, Cornell Brooks Tech, Institute, Cornell University, American Warfare, Anadolu, Getty, Democratic Locations: Sudan, Iran, Iranian, Turkey, United Arab Emirates, Ethiopia, Libya, Tripoli, Omdurman, Tehran, Red, Yemen, Ukraine, Tigray War, Tigray, Addis Ababa, Ukrainian, New York, Donetsk, Nigeria, DRC, Democratic Republic of Congo, Burkina Faso

☆ Sethembile Msezane on creating the iconic image “Chapungu — The Day Rhodes Fell”
▼ + stars: | 2024-03-15 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +8 min

“Chapungu — The Day Rhodes Fell” has since become an iconic photograph, capturing the spirit of the #RhodesMustFall movement which led to the removal of 19th century colonist Cecil Rhodes’ statue at the University of Cape Town. “There is no way I could have conceptualized that moment and the way things unfolded on that day,” said Msezane, speaking to CNN from Cape Town. Artist Sethembile Msezane on a plinth in front of the statue of British colonialist Cecil John Rhodes. While several have now been returned, to this day, it remains at Rhodes’ former home at the Groote Shuur estate in Cape Town, Msezane explained. The statue of British colonialist Cecil John Rhodes was removed from South Africa's Cape Town University on April 9, 2015.

Persons: Sethembile Msezane, Rhodes, ”, Cecil Rhodes ’, Msezane, —, Sethembile, Cecil John Rhodes, Charlie Shoemaker, Zimbabwe —, Chapungu, Cecil Rhodes, ” Msezane, “, Schalk van, Lady Liberty, Rosie Organizations: CNN, University of Cape, Fine Arts, South London, South Africa's Cape Town University, Panzi, Democratic, University of Cape Town, Freedom, Worker’s Locations: University of Cape Town, Cape Town, “, Zimbabwe, Great Zimbabwe, Groote, London, Chile, Poland, United States, Iran, Bangladesh, South Africa's, Kinshasa, Democratic Republic of Congo, Senegal

☆ Food Aid for Sudanese Refugees in Chad Could End Next Month, WFP Says
▼ + stars: | 2024-03-12 | by ( March | At A.M. | ) www.usnews.com time to read: +1 min

GENEVA (Reuters) - Food aid for hundreds of thousands of Sudanese refugees in Chad, some of whom are close to starvation, will be suspended next month without more funding, the World Food Programme (WFP) said on Tuesday. But the WFP says it is struggling to feed them all and many are already skipping meals. Nearly half of Sudanese refugee children under five-years-old are suffering from severe anemia. A supply route from Chad into Sudan's Darfur, where hunger is worsening, is also at risk due to funding shortages, WFP said. With more resources, WFP would be able to position food stocks ahead of the rainy season when some refugee populations in Chad get cut off from supplies by muddy rivers.

Persons: Pierre Honnorat, Emma Farge, Angus MacSwan Organizations: Food Programme, WFP's Locations: GENEVA, Chad, Sudan, Chad into Sudan's Darfur

“If you have minerals or oil under the ground, how do you come up with a price for a long-term contract? The shift to renewable energy and electric vehicles has caused a spike in the demand for critical minerals, driving these kind of loans. Adesina, whose Abidjan, Ivory Coast-based institution helps finance development in African countries, said these arrangements come with a litany of problems. Photos You Should See View All 60 Images“These are the reasons I say Africa should put an end to natural resource-backed loans," Adesina said. After Chad, Angola and the Republic of Congo approached the IMF for support, the multilateral lender insisted on the renegotiation of their natural resource-backed loans.

Persons: Akinwumi Adesina, paydowns, Adesina, ” Adesina, Glencore, Trafigura, ”, Mao Ning Organizations: African Development Bank, Associated Press, International Monetary Fund, IMF, Chartered, China’s Ministry of Foreign Affairs, China Railway Group, Gecamines, Alliance for Green Infrastructure Locations: Lagos, NIGERIA, China, Congo, Nigeria, Abidjan, Ivory Coast, Africa, Chad, Angola, Republic of Congo, Guinea, Ghana, Beijing, Nigerian, AP.org

☆ US-British Forces Strike Houthi Targets in Yemen, Houthi Outlet Says
▼ + stars: | 2024-03-11 | by ( March | At P.M. | ) www.usnews.com time to read: +1 min

By Mohammed GhobariADEN, Yemen (Reuters) -Yemen's port city of Hodeidah and other western coastal areas were hit on Monday by at least 17 airstrikes attributed to a U.S.-British coalition defending ships in the Red Sea, according to Al Masirah, the main Houthi-run television news outlet. The strikes follow the first civilian fatalities and vessel loss since the Iran-aligned Houthis began attacking commercial shipping in November. They also coincide with the first day of the Islamic holy month of Ramadan, a period of fasting for Muslims. The Houthis killed three crew of the Barbados-flagged, Greek-operated True Confidence on Wednesday in an attack off the port of Aden. (Reporting by Mohammed Ghobari in Aden, Adam Makary in Cairo; writing by Lisa Baertlein in Los Angeles; Editing by Kevin Liffey and Sephen Coates)

Persons: Mohammed Ghobari ADEN, Al Masirah, Houthis, Ras Issa, Mohammed Ghobari, Adam Makary, Lisa Baertlein, Kevin Liffey, Sephen Coates Organizations: British, U.S ., Hamas Locations: Yemen, Hodeidah, U.S, Red, Iran, Israel, Gaza, Ras, Barbados, Aden, Africa's, Suez, Cairo, Los Angeles

☆ Dubai’s bar scene is being redefined by artisanal champagnes
▼ + stars: | 2024-03-05 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +12 min

While the city has over 13,000 restaurants, its bar scene has largely been confined to Michelin fine dining, nightclubs, and boozy brunches. Look through the gallery and see the region's other top restaurants, as selected by 50 Best list group. The 50 Best has unveiled its 2024 list of the best restaurants in the Middle East and North Africa (MENA). Al Muntaha, which was recognized by Star Wine List as having the best sparkling wine list in the UAE earlier this year, has 166 labels on its champagne list, including around 60 recently added grower champagnes, says Lacroix. Tina HillierAnd the culture around drinking is largely focused on dining or special occasions, with little in between, says Krister Bengtsson, founder of Star Wine List.

Persons: Lana —, Nicolas Caupain, ”, boozy, Caupain, Raz Rahav, Tala Bashmi, Em Sherif, Yasmina Hayek, Fawzi Al Mulki, 3Fils, Khufu's, Solemann Haddad, Moonrise, Gregoire Berger, Berger, Himanshu Saini, Pol Roger, Queen Elizabeth II, Winston Churchill, champagnes, Larmandier Bernier, Ulysse Collin, Samuel Lacroix, Al Muntaha, Lacroix, “, Josette, Veuve Clicquot, Dom Pérignon, Millau, Lana, Tina Hillier, Krister Bengtsson, it’s, Bengtsson, ” Bengtsson, Jean Imbert, — Organizations: CNN, High Society, United Arab, Michelin, Middle, Gulf, Jordanian, Trèsind, Burj, Star Wine, Arabian, BOCA, Michelin Star, Wine, UAE Locations: Dorchester, Dubai, Emirate, Islam, United Arab Emirates, UAE, East, North Africa, Tel Aviv, Tala, Manama's, Bahrain, Beirut, Giza, Cairo, Ossiano, Atlantis, BOBY, Africa, Emirates, Swedish, Dubai’s, Paris, London , New York, French

☆ Nigeria battles to halt spiraling currency crisis and rising food insecurity
▼ + stars: | 2024-03-05 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

IBADAN, Nigeria - Feb. 19, 2024: Demonstrators hold placards during a protest against the hike in price and hard living conditions in Ibadan on February 19, 2024. Inflation hit an annual 29.9% in January, driven by soaring food prices that have triggered a cost-of-living crisis in Africa's largest economy. The naira currency, meanwhile, plunged to an all-time low of around 1,600 against the U.S. dollar in late February. "With about 8 percent of Nigerians deemed food insecure, addressing rising food insecurity is the immediate policy priority." IBADAN, Nigeria - Feb. 19, 2024: Demonstrators are seen at a protest against the hike in price and hard living conditions in Ibadan on February 19, 2024.

Persons: Samuel Alabi, Bola Tinubu's, David Omojomolo, Olayemi Cardoso Organizations: Afp, Getty Images, International Monetary Fund, U.S, Bloomberg, Getty, Washington, D.C, IMF, Central Bank of, Capital Economics Locations: IBADAN, Nigeria, Ibadan, Getty Images Nigeria, Africa's, LAGOS, Lagos, Africa

☆ Binance to discontinue Nigerian currency services as legal squabble deepens
▼ + stars: | 2024-03-05 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Binance on Tuesday announced that it will discontinue all Nigerian naira services, amid an ongoing legal dispute between the U.S. cryptocurrency firm remains and Africa's most populous country. In an update posted on its website, Binance said that, starting this Friday, any remaining naira balances in user accounts will be automatically converted to Tether , a cryptocurrency stablecoin pegged to the U.S. dollar. The company will not support any deposits of Naira after 2 p.m. UTC on Tuesday and will no longer support withdrawals of the currency after 6 a.m. UTC on Friday, the announcement said. Nigeria is also one of the world's biggest crypto markets, but the Nigerian government has demanded almost $10 billion in compensation from Binance, which it accuses of manipulating foreign exchange rates via currency speculation and rate fixing, and arrested two of the firm's senior executives last week, according to multiple media reports. The Nigerian naira has lost almost 70% of its value over the past few months, as Africa's largest economy faces a currency crisis and soaring inflation.

Persons: Binance Organizations: U.S, U.S ., Nigerian Locations: Naira, Nigeria, Binance

☆ A single orca killed a great white shark in a shocking 2 minutes. This hunting behavior could mean problems for the fishing industry and tourism.
▼ + stars: | 2024-03-02 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Read previewResearchers observed a single killer whale slaying a great white shark and eating its liver, providing new insights about the hunting practice that could foreshadow potential problems for the fishing industry. AdvertisementStarboard has been observed killing white sharks in the past however, he usually hunts with a male companion named Port. The orcas have been hunting white sharks and eating their livers off the coast of South Africa for years. Rare drone footage captured for Discovery Channel's Shark Week in 2022 showed killer whales preying on a white shark. But scientists still don't know exactly where those white sharks are going.

Persons: —, Port, Alison Towner, Towner, I've, Primo Micarelli, I'm Organizations: Service, of Marine Science, Business, Rhodes University, CNN, Earth, African Locations: South Africa

☆ Africa's largest economy is battling a currency crisis and soaring inflation
▼ + stars: | 2024-02-21 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

With annual inflation nearing 30% and a currency in freefall, Nigeria is facing one of its worst economic crises in years, provoking nationwide outrage and protests. The currency is down around 70% since May 2023 when Tinubu took office, inheriting a struggling economy and promising a raft of reforms aimed at steadying the ship. In a bid to fix the beleaguered economy and attract international investment, Tinubu unified Nigeria's multiple exchange rates and enabled market forces to set the exchange rate, sending the currency plunging. In January, the market regulator also changed how it calculates the currency's closing rate, resulting in another de facto devaluation. Years of foreign exchange controls have also generated enormous pent-up demand for U.S. dollars at a time when overseas investment and crude oil exports have declined.

Persons: Bola Tinubu, Tinubu Organizations: U.S, greenback Locations: IBADAN, Nigeria, Ibadan, freefall, Nigerian

KAMPALA, Uganda (AP) — Authorities in Rwanda on Monday rejected U.S. calls for the withdrawal of troops and missile systems from eastern Congo, saying they are defending Rwandan territory as Congo carries out a "dramatic military build-up” near the border. The U.S. State Department in a statement Saturday criticized the worsening violence caused by M23, describing it as a “Rwanda-backed” armed group. That statement also urged Rwanda “to immediately withdraw all Rwanda Defense Force personnel from the (Congo) and remove its surface-to-air missile systems." M23 is one of more than 100 armed groups active in eastern Congo, seeking a share of the region’s gold and other resources as they carry out mass killings. After being largely dormant for a decade, M23 resurfaced in late 2021 and has since captured wide parts of eastern Congo.

Persons: FLDR, Rwanda “, U.N, Goma Organizations: —, Monday, Rwanda's Foreign Ministry, Rwandan, U.S . State Department, Rwanda Defense Force, Rwandan Foreign Ministry Locations: KAMPALA, Uganda, Rwanda, Congo, Congolese, United States, Africa's Great Lakes, Congo’s North Kivu’s, Goma

It was clear that the war could significantly damage the Kenyan economy, as the country is almost entirely dependent on imports for its conventional fuel supply. But the extent of the damage caused by Russia's invasion of Ukraine to Kenya's economy is now clearer than ever. Kalya Kiptiony, investment analystFuel is Kenya's economic lifebloodAfter the start of the war, the price of fuel in Kenya rose, on average, 7.6% every month. Although Kenya gets most of its oil from the Gulf, Russia's invasion of Ukraine led to a spike in fuel prices worldwide. In a report late last year, the UN described just how factors like drought, inflation, and fuel and food price rises are combining to undermine livelihoods in Kenya.

Persons: Lensa Omune, Kalya, Kalya Kiptiony Organizations: International Food Policy Research Institute, Central Bank, IMF, UN, Insider Studios, Foreign, Commonwealth & Development Office Locations: Russia, Ukraine, Kenya, Nairobi, East Africa, Africa, Europe

☆ Navalny's Death Leaves Despair and Apathy in Moscow
▼ + stars: | 2024-02-17 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

"Navalny's death is terrible: hopes have been smashed," Nikitin said. The West, including U.S. President Joe Biden, blamed President Vladimir Putin for the death. "Navalny's death is very beneficial to Putin's opponents," said Sergei Markov, a former Kremlin adviser. WEST 'NOT OUR FRIEND'At "Patriki", or Patriarch's Ponds, the centre of Moscow nightlife, many young Russians revelled away Friday night just hours after news of Navalny's death. "It is sad of course when anybody dies," Olga Kazakova, a Russian, told Reuters in central Moscow on Saturday.

Persons: Guy Faulconbridge MOSCOW, Alexei Navalny, Navalny, carnations, Vladimir Nikitin, Nikitin, Joe Biden, Vladimir Putin, Dmitry Peskov, Putin, Navalny's, Africa's Nelson Mandela, Kira Yarmysh, Yulia, Sergei Markov, revelled, Olga Kazakova, Boris Nemtsov, Guy Faulconbridge, Frances Kerry Organizations: KGB, Reuters, CIA, DEATH, Munich Security Conference, Putin, Kremlin, Ukraine, WEST Locations: Moscow, Russia, Russia's, St Petersburg, Navalny, Avdiivka, West, Ukraine, Kremlin, Basil's

☆ US Urges Timely Election in Senegal, Welcomes Court Ruling Against Delay
▼ + stars: | 2024-02-16 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Kanishka SinghWASHINGTON (Reuters) - The United States on Friday welcomed a court decision that overturned the postponement of Senegal's presidential election to December, and called for a new "free and fair election" to be held as soon as possible. A bill that pushed back the Feb. 25 poll and plunged the country into electoral uncertainty was overturned on Thursday by Senegal's Constitutional Council. In his Friday statement accepting the council's ruling, Sall said he would initiate the consultations needed to organise the election as soon as possible. CONTEXTThe opposition and foreign powers had urged the authorities to comply with the constitutional council's ruling. Senegal had never previously delayed a presidential vote.

Persons: Kanishka Singh WASHINGTON, Macky Sall, Sall's, Sall, Kanishka Singh, Stephen Coates Organizations: Senegal's Constitutional Council, State Department Locations: United States, Senegal, Washington

☆ BRICS nations to see highest surge in millionaire count over the next decade — exceed the rise in G7 countries
▼ + stars: | 2024-02-15 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Millionaire count in the BRICS countries — which together hold $45 trillion in investable wealth — is forecast to rise by 85% over the next 10 years, the investment migration consultancy noted in its report published in partnership with global intelligence firm New World Wealth. The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally. "The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally," Andrew Amolis, wealth analyst at New World Wealth told CNBC. The UAE followed in third place with a 77% wealth growth. Other members in the BRICS coalition, such as South Africa and Iran, have seen a decline in their millionaire populations since 2013.

Persons: Michel Temer, Vladimir Putin, Xi Jinping, Jacob Zuma, Narendra Modi, Andrew Amolis, Dominic Volek Organizations: India's, United, Henley & Partners, Wealth, CNBC, Amolis, European Union, Henley, Partners, UAE Locations: South, Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, Saudi Arabia, Canada, France, Japan, Italy, U.S, United Kingdom, Southeast Asia, UAE

☆ Brazil's Lula Slams Israel on Gaza War, Says UN Failed
▼ + stars: | 2024-02-15 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

CAIRO (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Thursday that the United Nations has failed to resolve international conflicts and harshly criticized Israeli actions in Gaza. Lula said there would not be peace without the establishment of a Palestinian state and called for an immediate ceasefire to allow humanitarian aid into Gaza. War in Israel and Gaza View All 209 Images"The killing must be stopped," he said. Lula said the permanent Security Council should be expanded and its veto powers abolished. Brazil has supported South Africa's case brought before the International Court of Justice against the Israeli military campaign in Gaza, he added.

Persons: Luiz Inacio Lula da Silva, Abdel Fattah al, Lula, Sisi, who's, Israel, Lisandra Paraguassu, Peter Frontini, Anthony Boadle, Andrew Cawthorne, Nick Macfie Organizations: United Nations, Arab League, . Security, Security, International Court of Justice Locations: CAIRO, Gaza, Brazil, Palestinian, Israel, Palestine

Search resuls for: "Africa's"

25 mentions found