Category: INTERNATIONAL
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Global partners announce US$61.8m to boost African Development Bank initiative for women entrepreneurs
The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of US$61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program. We-Fi is a partnership among 14 donor governments, eight multilateral development banks, and other public and private sector stakeholders, established in October 2017…
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Female unemployment rate lowest since 1971
Britain’s female unemployment rate in the first three months of the year has fallen to 3.7%, the lowest since comparable records began in 1971. The Office for National Statistics included the figure in data showing the overall unemployment rate in the three-month period stood at 3.8%, the lowest rate since late 1974. For men the rate was…
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Read the memo Uber’s CEO sent to employees after its disappointing IPO
Uber CEO Dara Khosrowshahi sent a memo to employees Monday after the company’s disappointing IPO that saw shares fall more than 7% from its listing price. In the memo, Khosrowshahi writes, “Obviously our stock did not trade as well as we had hoped post-IPO.” He also notes that Monday has been another “tough day in the market.” Uber…
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Trade war: Trump says no need to rush on China talks
US President Donald Trump has said he is in “absolutely no rush” to finalise a trade agreement with China, hours after the US more than doubled tariffs on many Chinese products. He said bilateral talks, due to resume in Washington later on Friday, were continuing in a very “congenial” way. The US action, a sharp…
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Boeing didn’t tell airlines that safety alert wasn’t on
Boeing said Sunday that it discovered after airlines had been flying its 737 Max plane for several months that a safety alert in the cockpit was not working as intended, yet it didn’t disclose that fact to airlines or federal regulators until after one of the planes crashed. The feature was designed to warn pilots…
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‘Miracle’: Plane carrying 143 people crashes into Florida river, but no deaths
A charter plane carrying 143 people and traveling from Cuba to north Florida ended up in a river at the end of a runway Friday night, though no critical injuries or deaths were reported, officials said. A Boeing 737 arriving at Naval Air Station Jacksonville from Naval Station Guantanamo Bay, Cuba, with 136 passengers and…
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Global sports sponsorship ‘to hit £35bn’ in 2019
Business spending on sports sponsorship is set to grow by 4% to £35bn globally in 2019, according to a new report. But rights-holders, such as leagues, teams or tournaments, are under-exploiting sponsorship deals, according to research from agency Two Circles. It says that there could be an extra £14bn in revenues being unrealised because of outdated…
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US jobless rate at lowest since 1969
The US unemployment rate dropped to its lowest level for more than 49 years in April, according to official figures. The jobless rate fell from 3.8% to 3.6%, the US Labor Department said, the lowest since December 1969. However, the fall was due to a large number of people – 490,000 – leaving the labour force…
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J.A. Kufuor named on MTN’s International Advisory Board
Former President John Agyekum Kufuor has been named on MTN’s International Advisory Board (IAB) alongside former South African President Thabo Mbeki. A statement issued by the telecoms company said the advisory board is a new creation with a goal to guide and support MTN in fulfilling its vision of increasing its footprint across the continent.…
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Trump pick Stephen Moore drops out of Federal Reserve race
Another of Donald Trump’s picks for a seat on the Federal Reserve has dropped out of the running following fierce criticism of his views. The US president tweeted that Stephen Moore, “a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process”. It follows weeks of attacks on his…