Category: Market

US Indo-Pacific Strategy Short on Trade Incentives, Experts Say

WASHINGTON — A major initiative to strengthen and cement America’s ties with Asia and counterbalance China’s expanding influence lacks robust trade incentives that are viewed as politically perilous in the United States, where protectionist sentiment r…

Nigeria Seeks to Recover up to $4 Billion in Oil Revenue Losses

ABUJA, NIGERIA — With rising oil prices, Nigeria is cracking down on oil theft as part of the country’s effort to recover missed revenue. Nigeria loses some 150,000 barrels of oil a day to illegal tapping of pipelines. At that rate, authorities say the…

Police: Four Hurt in Bomb Blast in Busy Market in East Congo

BENI, DRC — Four people were hurt when a bomb exploded at a busy market Saturday in the city of Beni in the eastern Democratic Republic of Congo, police said, days after the U.S. embassy in the capital Kinshasa warned of a possible attack.Local police …

UN Chief: Global Economic Recovery Uneven

U.N. Secretary-General Antonio Guterres urged international business leaders and economists on Monday to do their part to make post-COVID19 economic recovery equitable across the globe.“At this critical moment, we are setting in stone a lopsided recove…

Why US Is Suspending Ethiopia, Mali, Guinea From Free-Trade Deal

In response to human rights violations, the United States announced this week that it plans to suspend Ethiopia, Mali and Guinea from duty-free access to American markets as of January 1.U.S. President Joe Biden said in a statement to Congress, release…