Nigeria has demanded the reform of the Bretton Wood Institutions to make them responsive to the needs of developing countries and also reflect the realities of the 21st century. The Minister of Foreign Affairs, Geoffrey Onyeama, stated this at the 41st Ministerial Meeting of the Group of 77 plus China (G77+China) on the sidelines of […]
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The world’s cereal production is headed for a bumper 2017, with total output on track for a record, the United Nation’s food agency said Thursday. The increase will not, however, automatically alleviate world hunger, as conflicts and weather disasters continue to threaten food security in many regions, the Food and Agriculture Organisation said in a […]
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Total number of chronically hungry people in the world is on the rise again after a decade of declines, the United Nations reported Friday, citing intensifying conflicts, floods and droughts. In an annual report on the state of food security, the U.N. said 815 million people were chronically undernourished last year, 38 million more than […]
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Inflation in Britain spiked up to 2.9 percent in the year to August, official figures showed Tuesday, in a development that has stoked speculation the Bank of England may raise interest rates sooner than expected regardless of how the country’s Brexit discussions shape up. The Office for National Statistics said the increase from the previous […]
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The United Nations Secretary-General, Antonio Guterres, has named Tunde Fowler, Executive Chairman, Federal Inland Revenue Service, FIRS, as a member of the International Experts Committee on Tax Matters. The committee has 25 members worldwide. Mr. Fowler’s appointment was conveyed by Bolaji Akinremi, Minister Plenipotentiary of Nigeria Permanent Mission, New York, in a mail to the […]
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The International Air Transport Association says global air freight increased by 11.4 per cent in July compared to the same period a year ago. IATA, in its latest data released on Tuesday stated this was the fourth time in five months that double-digit annual growth was recorded, adding that July’s year-on-year increase in demand was […]
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International data company and news wire organisation Bloomberg has concluded plans to convene a select eminent speakers for its first-ever Global Business Forum, which brought together heads of state and global CEOs scheduled for September in New York, USA, to discuss opportunities for advancing trade and economic growth, and issues relating to societal challenges – […]
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Nigeria’s former Finance Minister and Coordinating Minister for the Economy under the President Goodluck Jonathan administration Dr (Mrs) Ngozi Okonjo-Iweala, has been named an independent non-executive director at Standard Chartered PLC. Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England and with presence in 70 countries. According to […]
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Amazon CEO Jeff Bezos briefly became the world’s richest man Thursday in Forbes magazine’s tracking of wealth, as stock in his e-commerce company hit an all-time high. Microsoft founder Bill Gates reclaimed the lead by afternoon, as Amazon’s stock fell nearly 1 percent for the day to $1,046. Amazon shares have been trading at a […]
Read More A gauge of global stocks climbed for a ninth straight session on Wednesday as earnings season heated up in the United States and Europe, while the dollar bounced modestly off 10-month lows. The S&P 500 and Nasdaq tallied intraday record highs in the U.S., picking up from strong performances by major European stock indexes, with […]
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A global task force set up by the G20 has developed a voluntary framework for companies to disclose the financial impact of climate-related risks and opportunities, drawing support from more than 100 companies with $11 trillion of assets. There are concerns in the financial community that assets are being mispriced because the full extent of […]
Read More Indonesia’s palm oil stockpiles likely fell in May as exports increased because of higher consumer demand ahead of the start of the Islamic holy month of Ramadan, a Reuters survey showed. Crude palm oil (CPO) production in Indonesia, the world’s top producer of the vegetable oil, likely rose in May to 3.38 million tonnes from […]
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