Economy
The World Bank Group has approved a $2.5 billion loan for Nigeria to accelerate its economy. The loan will come in two packages to boost rural development.
G7 leaders meeting in Italy Friday hardened their tone against China, warning Beijing to stop sending weapons components to Russia and play by the rules on trade, according to a draft summit statement.
The Nigerian government has disclosed plans to integrate the credit of Nigerians into their National Identity Numbers to track their credit behaviors.
Chinese Premier Li Qiang said Friday he supported "dialogue, not confrontation" during a visit to New Zealand where he stirred up hope of new trade avenues. "We both emphasised that countries should live in harmony, engage in dialogue, not confrontation, and have cooperation, not conflict," Li said.
The Nigerian currency, the naira, depreciated marginally in the official and parallel markets after several days of gaining against the US dollar.
Every day, Magda Miloseska dons a white, protective suit and enters the domain of the honeybees in the backyard of her small weekend house in North Macedonia. "Now, we simply have to fight both the climate conditions and the diseases that have entered the beekeeping."
Chinese Premier Li Qiang arrived in New Zealand's northern hub of Auckland on Friday, stirring up hope of new trade avenues among the country's business leaders. The New Zealand China Council -- which represents some of the country's biggest exporters and most influential companies -- was slated to meet with Li on Friday evening.
Rows and rows of partially inhabited high-rises sprawl into the suburbs of the northern Chinese metropolis of Tianjin, their empty balconies emblematic of a slowing economy that has not kept pace with the country's ambitions. The Chinese private sector's once-freewheeling growth has slowed significantly, in part because of crackdowns on companies such as tech giants and tutoring firms.
Asian markets and the yen weakened against the dollar Friday ahead of a policy decision by the Bank of Japan, while the euro remained under pressure as critical French parliamentary elections approach.
Economy
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