European Commissioner for Economy Paolo Gentiloni speaks during an online news conference at the European Commission headquarters in Brussels, Thursday, Feb. 11, 2021. (Kenzo Tribouillard, Pool via AP) By LORNE COOK BRUSSELS (AP) — Despite deep uncertainty over a surge in coronavirus cases and the impact of new variants of the disease, senior European Commission

A man wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Thursday, Feb. 11, 2021. Despite a short drop in early trading in Hong Kong, most major Asian stock indexes were higher on Thursday after President Joe Biden held his first conversation with Chinese leader

The Treasury offered Kenya Airways a further Sh10 billion in a secret bailout despite having publicly stated it would reject the national carrier’s request for funds to avoid collapse amid the effects of the coronavirus pandemic. A supplementary budget tabled in Parliament on Tuesday revealed Kenya Airways received Sh8 billion directly from the Treasury and

The future of the Democratic Governance Facility – a donor funded aid pool – rests on a brief that Finance Minister Matia Kasaija sent President Yoweri Museveni, after the latter questioned how the fund was authorised to be operated exclusively by a foreign mission in Uganda. In a January 2 letter to the Finance minister,

FILE – In this Dec. 1, 2020, file photo, SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer media award, in Berlin. Tesla says it has invested more than $1 billion in Bitcoin and will accept the digital currency as payment for its electric vehicles. In a regulatory

China-Africa By Sebastiane Ebatamehi. China is building a COVID-19 vaccine distribution pipeline in Africa, Over the years, the relationship between Africa and China has been the basis for many debates, with critics divided on whether the partnership has done more harm than good to the African continent. Those who support Africa’s ties with the Asian

Andrew Bailey suggested people might ‘go for it’ on spending after the crisis. Photograph: Tolga Akmen/PA By Larry Elliott Bank of England governor Andrew Bailey says economy should make a strong recovery from the pandemic The Bank of England is braced for the possibility that a mood of national depression that engulfed Britain as it

Turkey engaging in major investments, projects to be among top 10 largest global economies, says nation’s president Turkey is engaging in major investments and projects, hoping to become one of the world’s top 10 largest global economies, the country’s president said Saturday. ”To make our country one of the 10 biggest economies in the world,

Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. REUTERS/Sergei Karpukhin By Ron Bousso, Shadia Nasralla LONDON (Reuters) – Royal Dutch Shell’s profit last year dropped to its lowest in at least two decades as the coronavirus pandemic hit energy

Surpassing $15 billion last month, Turkey’s exports hit the highest January figure of the country’s history, the trade minister said on Tuesday. Turkey’s exports in January rose 2.5% year-on-year, Ruhsar Pekcan said at a meeting in the capital Ankara where she revealed preliminary Trade Ministry data. On the imports, she said they amounted to $18.1