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Tag Archives: economy

Burkina Faso breaks diplomatic ties with Taiwan

Ouagadougou, Burkina Faso | AFP | The Sahel state of Burkina Faso announced Thursday that it was breaking diplomatic ties with Taiwan. “The Burkina government decided today to break off its diplomatic relationship with Taiwan,” Foreign Minister Alpha Barry said, in an announcement that follows a string of similar moves …

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France to pump 65 million euros into African startups

Paris, France | AFP | France will plough 65 million euros ($76 million) into startups in Africa, President Emmanuel Macron announced Thursday at a technology conference in Paris. Macron made the announcement at the third edition of the VivaTech trade fair, which brings together innovators, investors and entrepreneurs. This year …

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China, Russia rise in C. Africa as Western influence shrinks

Libreville, Gabon | AFP | Russia and China are muscling their way into the Central African Republic as Western clout in the mineral-rich, strategically important nation seems to wane, analysts say. Ranked at the very bottom of the UN’s 188-nation Human Development Index, CAR is mired in poverty and strife. …

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France revises growth upwards in boost for Macron

Paris, France | AFP | France’s economy grew 2.2 percent in 2017, according to revised figures published Tuesday — good news for President Emmanuel Macron as he pursues ambitious reforms designed to make the country more competitive. National statistics office INSEE revised its growth for last year up from 2.0 …

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COMMENT: Rethinking the 21st century economy

Tax codes written for an analog economy and statistics that fail to capture real wealth won’t do COMMENT | MARGARETA DRZENIEK-HANOUZ | Before the threat of a US-China trade war arose, surging stock markets and corporate profits had obscured the fact that the global economic system is under existential stress. Global …

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Sudan fuel shortage hikes black market prices

Khartoum, Sudan | AFP | Black market fuel prices surged on Saturday in Khartoum and other Sudanese towns as petrol and diesel shortages forced residents to queue for hours outside gas stations. Fuel supplies began dwindling in early April, with officials blaming maintenance delays at a key refinery, although foreign …

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Bashir closes 13 Sudanese diplomatic missions: state media

Khartoum, Sudan | AFP | President Omar al-Bashir has ordered the closure of 13 Sudanese overseas missions and job cuts at the foreign ministry due to an economic crisis in his country, state media reported Thursday. Bashir’s order comes days after he fired foreign minister Ibrahim Ghandour after he said …

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Macron says will scrap ‘exit tax’ on high-earners

Paris, France | AFP | French President Emmanuel Macron intends to scrap a 30 percent “exit tax” on top-earners who transfer their assets outside of France, in a bid to boost the attractiveness of the country for foreign investors. The levy was introduced in 2012 under former rightwing president Nicolas …

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