More than 130 countries have agreed on sweeping changes to how big global companies are taxed, including a 15% minimum corporate rate designed to deter multinationals from stashing profits in low-tax countries.The deal announced Friday is an attempt to…
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A New Type of Black Gold in Nigeria: Used Car Tires
IBADAN, NIGERIA. — In Nigeria, a country heavily reliant on revenues from its oil exports, entrepreneur Ifedolapo Runsewe has identified another type of black gold: used car tires.She has set up Freetown Waste Management Recycle, an industrial plant de…
Read moreLack of Funds Will Force Aid Cuts to DRC, UN Official Says
GENEVA — A U.N. official says a funding shortage means humanitarian aid will have to be cut for many of the nearly 10 million people in Democratic Republic of Congo facing multiple crises because of lack of money.Conflict in the eastern DRC has forced …
Read moreVolcanic Grit, Water Shortage Threaten La Palma’s Banana Crop
LOS LLANOS DE ARIDANE, SPAIN — “It’s worse than a plague,” said Pedro Antonio Sanchez, fuming over the volcanic grit coating his bananas, the main source of wealth on the Canaries’ island of La Palma.”It’s worse than a pest or disease because it scratc…
Read moreGoogle to Invest $1 Billion in Africa Over Five Years
LAGOS — Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent’s digital transformation, it said on Wednesday.The unit of U.S. tech company Alph…
Read moreMorocco’s Official Reserve Assets Up 7.6%
During the week of September 23-29, 2021, Bank Al-Maghrib injected 88.9 billion dirhams.As for the interbank rate, it has remained at 1.5%, the source added in a release.In the same period, the Dirham appreciated by 0.26% against the Euro and depreciat…
Read morePolice Arrest Ethiopia Insider’s Founder
WASHINGTON — Journalist Tesfalem Waldyes, the founder and editor-in-chief of Ethiopia Insider, an Ethiopian news and analysis website, is in police custody, according to media reports.Tesfalem’s colleagues and friends said his whereabouts hadn’t been k…
Read moreUS Ban on Visits from Canada Creates Economic Losses, Frustration
VANCOUVER, CANADA — The continued closure of the U.S. side of the land border with Canada to non-essential travel is having an impact in both countries. That includes more than just communities along the international boundary.The closure of the Americ…
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