Economy
FG borrowing $1.5bn from World Bank to buy N160m SUV each for 360 Rep members, Moghalu alleges
Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has revealed that the Nigerian government is seeking $1.5bn loan to acquire SUVs
IMF gives Nigeria, Ghana, other African countries conditions for debt cancellation
The International Monetary Fund has reeled out a raft of conditions for Nigeria and other African countries before they could negotiate for debt rescheduling.
Old and poor: Thailand sleepwalking towards an ageing crisis
Unless she lines up in the hot sun for a free meal, ketchup on bread is the only food Thai widow Noi can afford on her small government pension. "If it's too wet to come, I eat 7-Eleven bread with ketchup," the 73-year-old told AFP at a Bangkok Community Help Foundation meal delivery tent that feeds 500 of the city's homeless and poor daily.
IMF warns Nigeria, others to stay away from Chinese loans, source domestic credit
IMF has urged African nations to begin to look into domestic funding for their projects as the Chinese government is starting to lessen its exposure in the region.
US pharmacy chain Rite Aid files for bankruptcy
US pharmacy chain Rite Aid filed for bankruptcy Sunday, the company said, after suffering declining sales and legal threats over its alleged involvement in the opioid crisis.
China saw moderate third-quarter growth as hurdles persist: survey
China's economy is expected to have seen moderate growth in the third quarter, according to an AFP survey ahead of data this week, while experts warn that there were still significant hurdles for its recovery.
Asian markets drop as Middle East conflict worries grow
Asian markets sank Monday on concerns that Israel's expected ground offensive against Hamas in Gaza could spark a regional war involving Iran, with warnings that oil prices could surge, further complicating central banks' efforts to tame inflation.
Daniel Noboa, banana empire heir to Ecuador's youngest president
At the age of 35, Ecuador's president-elect Daniel Noboa is fulfilling the political dreams of his banana tycoon father, who failed five times to win the presidency. A fine wine fundi and musician, Noboa was born in the port city of Guayaquil into his billionaire father Alvaro's banana empire.
How Belize became a poster child for 'debt-for-nature' swaps
When Covid hit Belize, its economy nosedived: closed borders meant fisheries and farmers had no export markets, and tourism centered on the tiny Central American nation's warm waters and wonders of biodiversity came to a halt. Under the terms of the deal, Belize agreed to expand protection to 30 percent of its territorial waters, and spend $4.2 million annually on marine conservation.
Economy
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