Economy
Over $1 bn to be pledged for Africa vaccine sovereignty: France
More than one billion dollars will be pledged towards ramping up vaccine production in Africa at a summit held in Paris later this week, France said on Monday. The amount committed by donors -- which include the European Commission, Canada, France, Italy, Japan, South Korea and the United States -- "will exceed a billion dollars", the presidential Elysee Palace said.
Chairman of Italy's state-controlled shipbuilder dies
The chairman of Italy's state-controlled shipbuilder Fincantieri, Claudio Graziano, a retired general who once headed the UN peacekeeping mission in Lebanon, has died aged 70, Italian Prime Minister Giorgia Meloni said Monday. "I am shocked by the news of the tragic death of General Claudio Graziano," Meloni said in a statement, describing him "an upright servant of the state".
China says launches anti-dumping probe into EU pork imports
China said Monday it had launched an anti-dumping investigation into pork imports from the European Union, the latest step in a mounting trade stand-off between the bloc and its largest economic partner. "The Ministry of Commerce has opened an anti-dumping investigation into imports of relevant pork and pig by-products originating from the European Union," the ministry said in a statement.
Higher food, rent, transport prices force Nigeria's inflation rate to hit 33.95 per cent
The hardship in Nigeria continued in May as the inflation rate surged to 33.95% from 33.69% in April, driven by increases in prices of food, housing and others.
Asian stocks struggle after tepid Wall St lead, euro dips further
Asian markets mostly fell Monday following last week's losses, with traders trying to assess the Federal Reserve's plans for interest rates, while the euro was weighed by political uncertainty as France prepares for a snap parliamentary election.
Illegal gold mining eats into Peruvian Amazon
On the banks of the Madre de Dios river, dredges work day and night in search of gold, part of a scourge of illegal mining that is slowly devouring the Peruvian Amazon. - 'No production record' - Illegal gold mining, which happens alongside legal, government-regulated extraction, is a major source of financing for organized crime in places like La Pampa, a lawless enclave in Madre de Dios.
Shareholders OK with soaring executive pay in US
Executive salaries at major US corporations are soaring -- but shareholders happy with stock prices and greater transparency over remuneration are not pushing back. "Shareholders tend to vote down plans after a poor performance or stock price performance in particular," said Kevin Murphy, a finance professor at the University of Southern California who specializes in executive pay.
Serbia could mine lithium as early as 2028: FT
President Aleksandar Vucic said Serbia could exploit lithium as early as 2028 following new guarantees from Australian mining giant Rio Tinto and the EU over the controversial project, the Financial Times reported on Sunday. Vucic told the Financial Times that the mining giant and the European Union had given "new guarantees" regarding compliance with environmental standards.
Abundant rice, cassava in sight as NDDC empowers 4,500 farmers in Nigeria
The NDDC has sparked an agricultural revolution with a new initiative to equip thousands of rice and cassava farmers to increase their productivity.
Economy
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