Tupperware, Maker of Iconic Food Containers, Agrees to Sell to Lenders, Cancels Auction
Tupperware, maker of iconic food containers, has agreed to sell its business to a group of lenders for US$23.5 million in cash and over US$63 million in debt relief, cancelling [...]
UN Secretary-General Advocates for Permanent Seats for Africa
António Guterres, the United Nations (UN) Secretary-General, has reiterated his call for reforms to the global institution he leads, including the lasting issue of permanent seats in the UN Security [...]
Angola, US Sign Open Skies Agreement
Just days after US President Joe Biden cancelled a trip to Luanda, Angola, the two countries have announced the signing of an open skies agreement. By concluding this pro-consumer, pro-growth, [...]Africa Needs $194bn in Additional Financing to Achieve SDGs- UNGA President
Africa will need about $194bn in additional financing annually to achieve the 2030 Agenda for Sustainable Development (SDGs), the United Nations General Assembly President Philémon Yang said in New York on [...]3 Scientists Win Economics Nobel Prize for Demonstrating Why Nations Fail
The Royal Swedish Academy of Sciences has awarded the 2024 Nobel Prize in economics to three scientists, including the authors of the world-renowned book “Why Nations Fail”—Daron Acemoglu, James Robinson, [...]European Union Extends Sudan Sanctions to 2025
The Council of the European Union has voted to extend the sanctions on six Sudanese nationals and nine entities until October 2025, the regional decision making body said in a [...]IATA Warns of Capacity Crunch as Air Travel Picks up
Airports could be fast approaching infrastructure capacity crunch that would restrict connectivity and choice for passengers and businesses, International Air Transport Association (IATA) has warned. “Despite the current global political [...]UAE Invites United Nations to Investigate Attack on Diplomat's Residence in Sudan, as Conflict Escalates
The United Arab Emirates (UAE) has insisted that the Sudanese army attacked its ambassador's residence in Khartoum and caused extensive damage to the building and surrounding area. Al Jaberi, who [...]What Happens When a Startup Collapses?
Startups are precarious enterprises because they rely on equity funds and debts sourced from hawk-eyed investors. While many ideas are brilliant, implementing them remains a pipe dream. Either because they [...]UAE Diplomat's Residence Attacked in Sudan
The United Arab Emirates (UAE) has condemned an attack on its diplomat's residence in Khartoum, after a Sudanese army aircraft attacked the building in what Abu Dhabi termed a cowardly [...]Libya to Resume Oil Exports after Resolving Central Bank Crisis
The United Nations Support Mission in Libya (UNSMIL) announced a consensual appointment of the Central Bank of Libya (CBL) acting governor, deputy governor and the Board of Directors. Last month, [...]US Fed Interest Rate Cuts Weighs on Dollar, Gold Stable as Oil Edges Lower
The US Dollar, as measured by the DXY Index, extended losses on Thursday to trade below the 101 mark, amid expectations that the Fed will deliver more interest cuts in [...]
