The cost of living crisis, caused by Covid, the war between Russia and Ukraine and inflation, has plunged people across Europe into money difficulties – and some are even facing poverty. In this article, we’ll explore how long the crisis is predicted to last for, and if there is any hope on the horizon. Why […]
Summer weather is enticing much of the world to emerge from coronavirus lockdowns as centers of the outbreak from New York to Italy and Spain gradually lift restrictions that have kept millions indoors for months. People are streaming back to beaches, parks and streets just as a heat wave hits southern Europe and spring-like temperatures […]
France, Germany, and Britain have made the first use of a bartering mechanism set up to circumvent U.S. sanctions against Iran, to send medical supplies to the crisis-hit country, the German Foreign Office says. In Iran, one of the countries hardest hit by the coronavirus crisis, a complex web of sanctions imposed by the Trump […]
Europe’s leading markets opened in the red on Monday and remained in negative territory at midday, shadowing most Asian markets, amid concerns over the fallout from the global coronavirus pandemic. Germany’s stock market initially took another hit. The benchmark DAX index dropped 4.08 per cent to 8,564.59 points in early trading but by midday (1100 GMT) had recovered […]
Saudi Arabia says it has extended flight and travel bans over coronavirus fears to include the European Union and 12 other countries after announcing 24 new cases overnight to bring its total to 45. The state media reported on Thursday. READ ALSO: Greece reports first coronavirus death, a 66-year-old man Citizens and residents in the […]
Frankfurt prosecutors have laid charges against a gang of 11 from across Europe for large-scale trading in drugs over the dark net using Bitcoin as the means of payment, Germany’s agency for fighting internet crime (ZIT) reported on Thursday. The charges, laid before the regional court in the city of Giessen, relate to the organised […]
The German health authorities predicted a rapid spread of the new coronavirus through the country as at least 10 new cases were confirmed and the search for other infected people continued on Thursday. “We are at the start of a coronavirus epidemic in Germany,’’ Health Minister Jens Spahn said in Berlin late on Wednesday. READ […]
Italy reported a major increase in new coronavirus cases on Tuesday, with 322 infected and 11 dead, as contagion also spread in Austria, Croatia, Spain and Switzerland. Compared to figures from late Monday, Italian cases jumped by 40 per cent. There were four new deaths. The latest victims were two men and two women, all […]
Europe wants the world’s financial leaders to make it their top priority this year to reach a deal on global rules for taxing digital giants like Google (GOOGL.O), Amazon (AMZN.O) and Facebook (FB.O), a document showed. “We need to give the highest priority to finding global solutions to address the taxation of the digital economy […]
Hundreds of flights were cancelled in Germany due to a fierce winter storm that brought havoc to northern Europe after the hurricane-force winds and heavy rains knocked out power. Tens of thousands of homes were plunged in the dark, following the storm. READ ALSO: EU agency warns of floods, droughts, fires due to climate change […]
African Airlines Association (AFRAA), has called on African governments to develop a policy that would enable their airlines to own airports in their countries or vice versa in order to reduce losses. Director of Government, Legal and Industry Affairs, AFRAA, Mr Aaron Munetsi, canvassed this position on the side-lines of a recently concluded African Travel […]
Temitope Adebayo The Chartered Institute of Bankers of Nigeria (CIBN) has said that it set to hold the 12th Annual Banking and Finance Conference at the Transcorp Hilton Hotel, Abuja on September 24-25, 2019, to brainstorm on strategic issues that are critical to building a sound and sustainable financial system and economy. The President/Chairman of […]
Motolani Oseni UAC of Nigeria Plc has announced that it was in agreement with Imperial Logistic Limited to increase its shareholding in MDS Logistics Limited to 57 per cent. In a notice to the Nigerian Stock Exchange (NSE), UACN informed its shareholders and stakeholders that the company has entered into an agreement with Imperial Logistics […]
Chukwuemeke Iwelunmo Following misleading headlines/reports tantamount to ‘de-marketing, the management of Med-View Airline Plc has clarified that it has not suspended its operations as a result of planes maintenance. The airline operator made this known to the newsmen in Lagos on Tuesday in Lagos, where it advised stakeholders, and the general public to disregard the […]
Joy Obakeye The Senior Expert of Customs, African Continental Free Trade Area (AfCFTA), Willie Shumba, has decried the 15 per cent intra-Africa trade standing, compared to global trade ranking, stressing that AfCFTA has to be explored. Mr Shumba, in his presentation at the second edition of the “AfCFTA Dialogue Series,” regretted that African countries were […]
Motolani Oseni Barely two years Heritage Bank and the Central Bank of Nigeria (CBN) disbursed a loan for building a N2 billion processing facility for Triton fish/chicken in Oyo State, the firm has commenced export of all kinds of frozen foods to some parts of Europe and African countries. The loan that was given under […]
Nearly 1.5 million people have left sub-Saharan Africa for Europe and the United States since 2010, while millions more are making plans to follow in their footsteps, researchers said on Thursday. Nigeria, Ghana and Kenya were the biggest sources of migrants to Europe and the United States among the dozens of nations south of the […]
More than 3,000 migrants and refugees have died crossing the Mediterranean in a desperate bid to reach Europe’s shores since the start of the year, the International Organization for Migration said Tuesday. The figure so far represents a 40 percent drop compared to last year’s record of 5,000 known or suspected drownings. “That mark (was) […]
It has emerged that an undisclosed European company secured a $356 million contract for the rehabilitation of Lot 3 of the Nigerian Railway Corporation’s Eastern line from Calabar to Maiduguri in November 2011. The contract was said to have been awarded during the administration of former president Goodluck Jonathan by the Federal Executive Council. According […]
The a new report of , UNHCR, the UN Refugee Agency shows that people continued to move from Africa to Europe but undertook more diversified and dangerous journeys, often relying on smugglers because of the lack of accessible legal ways to Europe. UNHCR Director of Europe Bureau, Vincent Cochetel, while releasing a new report “Desperate […]