Category Archives: Economy

30Jun/15

Analyst says Germany playing “dangerous game of chicken” with Greece

As Greece pleads for a short-term bailout extension to avert a midnight default, a U.S. analyst says Germany must urge the IMF to offer some sort of face-saving measure for Greece or risk further economic fallout.

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12Jun/15

African nations sign agreement to unify main trade blocs, but will it work?

Nigerian analyst, Bismark Rewane weighs in on the recently signed agreement by representatives from 25 African nations to create a free-trade zone linking three economic blocs that would unite 57 percent of the continent’s population. The deal would combine the Common Market for Eastern and Southern Africa (COMESA), the South African Development Community (SADC), and the East African Community (EAC).
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25May/15

Nigeria fuel shortages hit MTN, Guaranty Trust bank

Severe fuel shortages in Nigeria hit the services of Africa’s largest mobile telecoms operator, MTN, and force Guaranty Trust Bank to close its branches nationwide at lunchtime, the companies say.
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24May/15

‘Catastrophic’ for Greece to leave euro – Varoufakis

Greek Finance Minister Yanis Varoufakis says it would be “catastrophic” if Greece left the euro, predicting it would herald “the beginning of the end of the common currency project”.

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01May/15

Milan Expo exposes rifts in Italy

(REUTERS / ITALIAN PARLIAMENT TV) – A shining testament to Italy’s economic recovery – though not for everyone.

The long-awaited Milan Expo opens its doors.

A six-month exhibition of technology and know-how with a focus on sustainable food development.

Some 20 million people are expected to visit over the next six months.

But here: those who see the millions spent on it as wasteful and riddled with corruption.
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