Tag Archives: economic

What a week it has been, dear reader! I’ve been going deep into the World Economic Forum (WEF) Davos event, and I feel I’ll get an invite to attend next year.  And who wouldn’t want to go?! You can travel in style in private jets and stay in luxurious hotel …

WASHINGTON — The United States hit its debt limit on Thursday, prompting the Treasury Department to begin using a series of accounting maneuvers to ensure the federal government can keep paying its bills. In a letter to Congress, Treasury Secretary Janet L. Yellen said the government would begin using what …

Former Minister of Education, Oby Ezekwesili, has asked the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, to desist from claiming that he was the Head of  Economic Management Team during former President Olusegun Obasanjo’s administration.   Atiku was Vice President while Ezekwesili served in different capacities during Obasanjo’s administration …

The Director of Public Affairs of the Peoples Democratic Party (PDP) Presidential Campaign Organisation, Dino Melaye, has said President Muhammadu Buhari is responsible for the economic woes facing the country. In a statement on Sunday, Melaye said the closure of the country’s land borders in 2019 by President Buhari worsened …

WASHINGTON — Standing in an empty kitchen, Alicia Villanueva, a 61-year-old Mexican immigrant living in Brentwood, Calif., is overcome with grief as she reflects on her small tamale-making business, brought to a halt because of the coronavirus pandemic. With the help of local organizations, she had expanded her operation from …

Advertisement Advertisement The Vice President, Yemi Osinbajo, has sparked speculations on social media after he said Nigeria must move from consumption to production. The former Anambra State governor, Peter Obi Naija News understands that had in his recurrent campaign slogan claimed that a drastic reduction in importation of goods for …

The Central Bank of Nigeria (CBN) has received knocks from prominent Islamic cleric, Sheikh Gumi over the proposed redesign of the Naira.  In a statement titled: “Changing the Naira: This is no time for economic kamikaze!”, Gumi said the move is an economic suicide for Nigerians, especially rural dwellers. The cleric …

Hong Kong CNN Business  —  China has abruptly delayed the publication of key economic data, one day before its scheduled release, as the ruling Communist Party gathers at a major political meeting against the backdrop of a faltering economy. The country’s National Bureau of Statistics updated its schedule on Monday, …

When they last met, in February in Beijing during the Winter Olympics, they proclaimed their friendship had “no limits.” Since then, Russia has sought ever closer ties with China as Europe and the United States responded to the invasion with wave after wave of sanctions. Beijing has carefully avoided violating …

A partial view of the city of Punto Fijo, with the Cardón refinery in the background, on the Paraguaná peninsula, projected as a special economic zone overlooking the Caribbean in northwest Venezuela. CREDIT: Megaconstrucciones by Humberto Marquez (caracas) Saturday, September 03, 2022 Inter Press Service CARACAS, Sep 03 (IPS) – Venezuela …