Business

German trade jumps in February; Ukraine war to be felt in March

Cars intended for export wait at the port for loading, as the spread of the coronavirus disease (COVID-19) continues in Bremerhaven, Germany, April 24, 2020. REUTERS/Fabian Bimmer By Reuters German exports and imports jumped more than expected in February, the Federal Statistics Office said on Monday, with the effects of the war in Ukraine yet

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Germany looks to buy Israeli or U.S. missile defence system

A U.S. Army Terminal High Altitude Area Defense (THAAD) weapon system is seen on Andersen Air Force Base, Guam, October 26, 2017. U.S. Army/Capt. Adan Cazarez/Handout via Reuters. By Reuters Berlin is considering buying a missile defence system from Israel or the United States to defend against threats including Russian Iskander missiles in Kaliningrad, German

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Profits jump for Patel-backed PPE firm after it won £216m contracts

Britain’s Home Secretary Priti Patel speaks at a Coronavirus disease related news conference at Downing Street: Credit to Photo Reuters The Guardian By Rob Davies Profits at a PPE company that secured support from the home secretary, Priti Patel, as it lobbied ministers for UK government contracts have soared after it won £216m in taxpayer-funded

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High energy costs are hitting UK; it’s about to get worse

File – Britain’s Chancellor of the Exchequer Rishi Sunak holds a press conference in the Downing Street briefing room, London, Thursday Feb. 3, 2022. People across the United Kingdom will face tough choices in coming months as energy costs for millions of households are set to rise by 54% on Friday. It’s the second big

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China’s Afghan ambitions on show at multinational meetings

File – In this photo released by Xinhua News Agency, Chinese Foreign Minister Wang Yi, right, stands next to Mullah Abdul Ghani Baradar, acting deputy prime minister of the Afghan Taliban’s caretaker government, in Kabul, Afghanistan, Thursday, March 24, 2022. China’s ambitions to play a major hand in Afghan stability and economic development under the

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French President Macron told Russia’s Putin paying gas bills in roubles not possible – Elysee official

File- French President Emmanuel Macron speaks during a media conference, after an extraordinary NATO summit and Group of Seven meeting, at NATO headquarters in Brussels, Thursday, March 24, 2022. (AP Photo/Thibault Camus, File) By Reuters French President Emmanuel Macron on Tuesday told his Russian counterpart, Vladimir Putin, that it was not possible for Western gas

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Kenya-Debt payments surpass State running expenses

By Business Daily Africa Debt repayments will for the first overtake the national government’s recurrent spending on items like civil servant salaries under President Uhuru Kenyatta’s successor in the year starting July, underlining the burden of mounting State borrowing. Treasury chiefs project in the supplementary budget under parliamentary review that Kenya will spend Sh1.36 trillion

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Russia orders gas payments in rubles by March 31

By Anadolu Agency The Russian president on Monday instructed the government, central bank, and Gazprom company to switch to rubles by March 31 the payments for the deliveries of gas to “unfriendly countries.” President Vladimir Putin also called for a report on the implementation of the assignment on March 31, a statement on the Kremlin

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Barclays hit by $590 million loss on bond blunder

The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville By Reuters British bank Barclays disclosed on Monday around a 450 million pound ($591.80 million) loss on mishandled structured products and said this meant

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Africa’s richest man opens continent’s biggest fertilizer plant at the cost of $2.5 billion

Aliko Dangote during a visit to the fertilizer plant under construction in Lagos State. Photographer Andrew Esiebo for Bloomberg Businessweek By Face2Face Africa Africa’s richest man, Aliko Dangote, has opened the largest fertilizer plant on the continent. The plant, based in Africa’s biggest economy, Nigeria, was opened at the cost of $2.5 billion, according to

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