Business

EU looks to replace gas from Russia with Nigerian supplies

24/07/2022 - 15:35:40
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315
Staff Reporter
Lagos (Reuters + Diplomat.so) - The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission's energy department, said on Saturday.

Somalia and Serbia agreed on trade cooperation

19/10/2021 - 13:45:19
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2791
Staff Reporter
Belgrade (Diplomat.so) - The Minister of Trade, Tourism and Telecommunications of the Republic of Serbia, H.E. Ms. Tatjana Matić , received in Belgrade her counterpart, Minister of Trade and Industry of the Federal Republic of Somalia, Mr. Khalifa Abdi Omar.
File - In this Wednesday, Sept. 22, 2021 file photo, a truck driver checks his phone at a parking lot in Kabul, Afghanistan. With Afghan assets frozen in the U.S. and the world reluctant to recognize the Taliban, the country's banking system has come to a halt. Unpaid salaries and a brewing humanitarian crisis also put more pressure on the new Taliban government, with no clear way out. (AP Photo/Bernat Armangue, File)

Taliban relies on technocrats to save Afghanistan's economy from the brink

19/10/2021 - 09:44:59
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2933
Staff Reporter
Kabul, Afghanistan (AP + Diplomat.so) — When the Taliban swept into power, they found Afghanistan's economy fast approaching the brink and were faced with harrowing predictions of growing poverty and hunger. So they ordered the financial managers of the collapsed former government back to work,…
Julio Velarde, president of the Central Bank of Peru, talks to the media during a news conference in Lima, Peru, August 21, 2017. REUTERS/Mariana Bazo

Peru central bank chief Velarde to stay for another term -source

10/08/2021 - 08:37:06
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3461
Staff Reporter
LIMA (Reuters + Diplomat.so) - Peruvian central bank President Julio Velarde has agreed to stay on for an extra term, a source familiar with his decision said on Monday, a move poised to calm markets rattled by the election of the country's new left-wing president.
A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, Sept. 10, 2020. (Reuters Photo)

Germany warns Russia, supports Ukraine in US deal over pipeline

22/07/2021 - 02:44:08
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3131
Staff Reporter
Berlin (AFP + DIPLOMAT.SO) - Germany agreed Wednesday to warn Russia of potential sanctions and to support Ukraine's energy sector financially in a deal with the United States to settle a bitter rift between the allies over the Nord Stream 2 gas pipeline.
João Leão, Portuguese Minister of Finance and President of the Council

New EU rules adopted on goods and technologies

10/05/2021 - 16:38:53
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2705
Staff Reporter
Brussels ( Diplomat.so) - The EU has upgraded its legislation on the export controls applicable to sensitive dual-use goods and technologies such as cyber-surveillance tools.

Petrol and diesel prices in Sudan rise sharply

02/04/2021 - 14:06:43
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3007
Staff Reporter
Khartoum (Reuters + Diplomat.so) - Petrol and diesel prices in Sudan rose sharply on Friday following fuel subsidy reforms, which are part of a series of economic measures that have helped set the country on course for substantial debt relief.

Somalia issues its first mobile money licence to Hormuud Telecom

27/02/2021 - 17:45:45
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Mogadishu (Reuters + Diplomat.so) - Somalia's central bank awarded on Saturday the country's first mobile money licence to Mogadishu-based Hormuud Telecom Somalia Inc, a move aimed at formalising the country's digital payments system and integrating it with the global financial system.
Hong Kong prides itself as one of the world's most free economies, but transparency campaigners have long complained that lax regulations make it an easy place to launder money

Hong Kong bank staff arrested in US$810m laundering probe

20/01/2021 - 11:56:12
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Super Admin
Hong Kong (AFP + Diplomat.so) - Seven former and current bank employees have been arrested in Hong Kong as part of a major operation against a US$810 million international money-laundering syndicate, police said Wednesday.
Jack Ma

Jack's back: Chinese e-tycoon ends silence with online video

20/01/2021 - 11:01:48
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3133
Super Admin
Beijing (AP + Diplomat.so) — China's highest-profile entrepreneur, Jack Ma, appeared Wednesday in an online video, ending a 2 1/2-month absence from public view that prompted speculation about the future of the e-commerce billionaire and his Alibaba Group.

Israel's GDP to grow 4.6 pct in 2021: ministry

17/01/2021 - 21:37:50
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2955
Website Editor
Tel Aviv (Xinhua + Diplomat.so) -- Israel's Ministry of Finance estimates that Israel's GDP will expand 4.6 percent in 2021, according to an annual report issued by the ministry on Sunday.