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Sunday, July 5, 2020

Saudi Arabia makes play for Bundesliga TV rights

Saudi Arabia has approached Germany’s Bundesliga over acquiring the football league’s television rights in the Middle East, in the latest move by the Gulf kingdom to seek new investments in international sport. The body that runs German football’s top division is in exclusive talks with...

How US-China feud can help reduce unemployment in Nigeria, create jobs for other African countries

Abuja, Nigeria - June 20, 2020 - - Debo Onifade is the author of “Liberating Nigeria: A Guide to Winning Elections and Reviving our Country”, and the founder of Nigeria Politics Online Forum: Liberating Nigeria. Though Mexico and Canada will continue to be the...

Aviation crisis means oil demand to stay below pre-virus levels before 2022 – IEA

By Noah Browning LONDON, June 16 (Reuters) - Oil demand is recovering from the greatest fall in its history in 2020, the International Energy Agency (IEA) said on Tuesday, but less flying due to coronavirus fears means the world will not return to pre-pandemic demand...

Unilever to combine Anglo-Dutch arms in UK company

Consumer goods giant reverses previous attempt to shift to Netherlands

Global stocks reel on gloomy Fed outlook and fears of a second coronavirus wave

The U.S. Federal Reserve forecast a 6.5% contraction in U.S. gross domestic product for 2020, with a 5% rebound in 2021 and 3.5% growth in 2022. The possibility of a second wave has emerged as a genuine threat in recent days, with reports of spiking...

Pandemic takes a chunk out of the great British sandwich

Collapse of Adelie Foods compounds concerns over sharp fall in sales

Five big ideas Africa can use to safeguard lives in Covid-19 crisis, prepare for future pandemic – McKinsey & Company

McKinsey & Company has highlighted five big ideas to safeguard lives in the Covid-19 crisis and for the continent to prepare for the future. The global management consultancy services company stated this in a report titled: "Acting now to strengthen Africa's health systems," obtained recently. It...

Africa’s Sovereign Bonds Among Hottest Investments With Big Yields

by Colleen Goko (Bloomberg) -- Africa’s sovereign bonds -- all of them rated junk -- have been among the biggest beneficiaries of the risk-on mood that’s sweeping global markets as economies reopen from coronavirus lockdowns. Seven of the 12 top-performing emerging-markets this quarter are in Africa. Angola,...

Emerging FX recovering but won’t wipe out coronavirus losses this year

Vuyani Ndaba, Indradip (Reuters) - Weakening emerging-market currencies probably won’t regain their coronavirus-induced 2020 losses against the dollar over the coming year, but for now at least they remain on a recovery path, a Reuters poll found. From a peak reached early in the year, the...

Equity Investors Must Pay More Attention to Climate Change Physical Risk

By Felix Suntheim and Jérôme Vandenbussche The damage from the 2011 floods in Thailand amounted to around 10 percent of Thailand’s GDP, not even considering all the indirect costs through a loss in economic activity in the country and abroad. By some estimates, the total...
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