Posted in Business Market

Biden Touts Economic Benefits of Combating Climate Change

U.S. President Joe Biden joined business and union leaders Friday in touting the economic benefits of addressing global warming when he delivered remarks from the White House on the last day of a two-day virtual climate change summit.“When we invest in…

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Posted in Business Market

Stuck Ship Thrusts Sleepy Suez Canal Village into Limelight

AMER, EGYPT – The sleepy farming village of Amer overlooks the Suez Canal, one of the world’s most important waterways. Last week, the village was suddenly thrust into the limelight after a massive container ship, the Ever Given, got stuck nearby.The c…

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Posted in Business Market

Job Losses Loom in Kenya’s Tea Industry as Workers Compete with Machines???

A group of women pick tea leaves at a plantation in Kenya’s tea belt in the Rift Valley, where harvesting has traditionally been done by hand. This labor-intensive practice is said to ensure the region produces the high-quality tea that is among the co…

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Posted in Business Market

In 1st Day on Job, New WTO Chief Pushes for Fisheries Deal

The new head of the World Trade Organization threw her support behind long-fruitless efforts among member countries to agree on fisheries subsidies that could reduce overfishing, calling the efforts a top priority as she took office on Monday. Director…

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Posted in Business Market

Kenyan Women Dominate Top Manufacturing Jobs

A survey by the Kenya Association of Manufacturers shows that women are dominating the east African country’s top mechanized jobs, although men still own most businesses and have better paying jobs. Easter Kojwang is a businesswoman who started her own…

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Posted in Business Market

To Benefit from Aid, Sudan Must Enact Tough Economic Reforms Quickly, Economist Says

Sudan’s transitional government must start moving quickly on tough, economic reforms to stabilize the economy if it wants to benefit from pledges of support offered by its international partners, said one U.S.-based analyst. On Thursday, the United Ki…

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Posted in Business Market

Experts: ECOWAS Decision to Close Borders with Mali Will Hurt Regional Trade, Stability

Members of the Economic Community of West African States, or ECOWAS, shut down all their land and air borders with Mali on Wednesday after its president announced his resignation following a military mutiny. ECOWAS said in a statement that it will als…

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Posted in Business Market

UN Makes $1.6 Billion Appeal for Sudan

United Nations officials in Sudan have sent out an urgent appeal for $1.6 billion to provide life-saving assistance to citizens, including hundreds of thousands of people affected by floods. Recent flooding caused by heavy rain has affected 17 of Sud…

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