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Thursday, November 26, 2020

West Africa’s new currency could now be delayed by five years, President Ouattara warns

The agreed criteria among WAEMU members for the currency’s launch was for national budget deficits to be contained at or below 3% of GDP (gross domestic product). The existing CFA franc, comprising both the Central African XAF and the West African XOF, is currently pegged...

China says August exports beat expectations, jumping 9.5% from a year ago

KEY POINTS China’s dollar-denominated exports rose 9.5% for the month of August while imports fell 2.1% in the same period, data from the country’s General Administration of Customs showed on Monday. Economists polled by Reuters had expected exports to have climbed 7.1% in August from a...

Coronavirus: Travelers Face Risk of Penalties for Refusing to Wear Face Covering

According to tests at University of Edinburgh, face covering, when properly worn, can cut forward spread of potential COVID-19 droplets from mouth by 90% GENEVA, Switzerland, August 24, 2020/ -- The International Air Transport Association (IATA) is appealing to all travelers to wear face covering...

Coca-Cola continues to expand investment in China supply chain

Shanghai, Aug. 17, 2020 (Xinhua/Naija247news) Coca-Cola China and its bottling partners said it would continue to expand investment in local supply chains to improve efficiency, ensure supply, and serve domestic consumers’ demand. The beverage giant said it achieved good second-quarter results in the Chinese...

Nigerians, Ghanaians cites entrepreneurship as chosen path towards accumulating first $1 million…

Nigeria and Ghana cited entrepreneurship as their chosen path towards accumulating their first $1 million. By contrast only 71 chose an executive career while a further 51 made use of the family business as a viable path towards wealth creation. Even when asked how they continued...

World food price index rises in July, extending rebound

PARIS - World food prices rose in July led by vegetable oils, dairy products and sugar, extending a rebound from the previous month following sharp falls triggered by the coronavirus pandemic, the United Nations food agency said on Thursday. The Food and Agriculture Organization’s...

Gold retreats from record peak as dollar firms

Gold up 30% so far this year * Spot gold could slip into $1,943-$1,954/oz range - analyst * Interactive graphic tracking global spread of coronavirus: open tmsnrt.rs/3aIRuz7 in an external browser (Recasts, adds comments, updates prices) By Eileen Soreng Aug 3 - Gold hit a record high...

Apple just announced a stock split — here’s what that means for investors

During its third quarter earnings results on Thursday Apple said that the company’s Board of Directors approved a four-for-one stock split. Stock splits are cosmetic, meaning they do not change anything about a company’s underlying fundamentals. They can lead to renewed interest from smaller investors...

Shale boss says US has passed peak oil

US crude production has already peaked, according to one of the country’s leading shale executives, as producers battered by the price crash shun new output growth and start trying to become profitable. Matt Gallagher, chief executive of Parsley Energy, one of Texas’s biggest independent oil...

BlackRock punishes 53 companies over climate inaction

BlackRock has punished more than 50 companies from US oil major ExxonMobil to Swedish carmaker Volvo over their lack of progress on tackling global warming, six months after it warned of huge investment risks from climate change. Larry Fink, chief executive of the $6.8tn investment...
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