Malawi continues to struggle to develop its tourism industry, despite having several attractions, including national parks, game reserves and mountains. But the government has developed a Tourism Strategic Plan that seeks to address challenges to attracting more tourists. Lameck Masina reports on Malawi’s efforts to develop the industry, after attending …
your ad hereInternational Organizations Join Tech Powerhouses to Fight Famine
The United Nations, the World Bank and the International Committee of the Red Cross are partnering with technology powerhouses to launch a global initiative aimed at preventing famines. “The fact that millions of people — many of them children — still suffer from severe malnutrition and famine in the 21st …
your ad herePompeo: US Would Win Trade War with China
Secretary of State Mike Pompeo vows the United States will be victorious in any trade war with China, a day before the Trump administration’s latest tariffs on Chinese imports go into effect. Pompeo told Fox News on Sunday. “We are going to get an outcome which forces China to behave …
your ad hereComcast Outbids Fox With $40B Offer for Sky
Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the battle for Sky after offering 30.6 billion pounds ($40 billion) for the British broadcaster, in a dramatic auction to decide the fate of the pay-television group. U.S. cable giant Comcast bid 17.28 pounds a share for control of London-listed Sky, bettering a 15.67 offer by …
your ad hereUK PM’s Team Make Plans for Snap Election
British Prime Minister Theresa May’s aides have begun contingency planning for a snap election in November to save both Brexit and her job, the Sunday Times reported. The newspaper said that two senior members of May’s Downing Street political team began “war-gaming” an autumn vote to win public backing for a new …
your ad hereUS-China Tensions Rise as Beijing Summons US Ambassador
Tensions between China and the United States escalated Saturday as China’s Foreign Ministry summoned U.S. Ambassador to China Terry Branstad to issue a harsh protest against U.S. sanctions set for the purchase of Russian fighter jets and surface-to-air missiles. The move came hours after China canceled trade talks with the …
your ad hereRising Oil Prices Haven’t Hurt US Economy
America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. It has long been conventional wisdom that rising oil prices hurt the economy by forcing consumers to spend more on gasoline and heating their homes, leaving less for …
your ad hereChina Cancels Trade Talks with US After New Tariffs
China has canceled trade talks with the United States following Washington’s imposition of new tariffs on Chinese goods. The Wall Street Journal reports that China had planned to send Vice Premier Liu He to Washington next week for the talks, but has now canceled his trip along with that of …
your ad hereNAFTA Deal Not Yet in Sight, Canada Stands Firm on Auto Tariffs
Canada and the United States showed scant sign on Thursday of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible autos tariffs, sources said. The administration of U.S. President Donald Trump wants to be able to agree on a text …
your ad hereAnalysts: Poor Economy, Unemployment Lure Tunisians to Extremism
Seven years after the Arab Spring, little has been done to address youth unemployment in Tunisia, a key factor in extremist groups’ ability to recruit marginalized youth, rights groups and experts warn. “Someone who is marginalized with nothing to lose, no stability in life, no vision of the future, no hope for …
your ad hereScrounge for Workers Sees US Jobless Claims Hit 48-Year Low
New U.S. claims for jobless benefits fell for the third week in a row, hitting their lowest level in nearly 49 years for the third straight week, the Labor Department reported Thursday. The new figures suggest the U.S. economy’s vigorous job creation continued unabated this month as the data were …
your ad hereReport: Extreme Poverty Declining Worldwide
The world is making progress in its efforts to lift people out of extreme poverty, but the global aspiration of eliminating such poverty by 2030 is unattainable, a new report found. A World Bank report released Wednesday says the number of people living on less than $1.90 per day fell …
your ad hereChina’s Alibaba Scraps Plan to Create 1M US Jobs
Alibaba Chairman Jack Ma said Wednesday that the Chinese e-commerce giant had canceled plans to create 1 million jobs in the U.S., blaming the ongoing trade war for the decision, according to Chinese news agency Xinhua. “This commitment is based on friendly China-U.S. cooperation and the rational and objective premise …
your ad hereChinese Entrepreneur Rescinds Offer to Create 1 Million US Jobs
Chinese technology billionaire Jack Ma has rescinded his offer to create 1 million new jobs in the United States, saying it is no longer possible with the escalation of trade disputes between the world’s two biggest economies. The Alibaba chief made the U.S. jobs pledge to then-President-elect Donald Trump in …
your ad hereCanada Wants to See Flexibility in NAFTA Talks With US
Canada said on Wednesday that it would need to see movement from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month. Although the administration of U.S. President Donald Trump and its allies …
your ad hereKenya’s Finance Minister Cuts Spending, Money Transfer Taxes to Rise
Kenya’s Finance Minister Henry Rotich has cut the government’s spending budget by 55.1 billion shillings ($546.90 million), or 1.8 percent, for the fiscal year from July this year, a Treasury document showed on Wednesday. The government is facing a tough balancing act after a public outcry over a new 16 …
your ad hereReport: Cryptocurrency Exchanges at Risk of Manipulation
Several cryptocurrency exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General’s office said in a report published on Tuesday. The study found that online platforms where virtual currencies such as bitcoin can be bought and sold by individuals …
your ad hereCritics Skewer Venezuelan President Over Feast as Country Starves
Videos of Venezuelan President Nicolas Maduro feasting on steaks at an upscale restaurant have sparked worldwide outrage on behalf of the poverty-stricken people of his country. One video show celebrity chef Nusret Gokce, also known as “Salt Bae,” carving meat for the president and his wife, Cilia Flores, at the …
your ad hereMexico’s Next Anti-money Laundering Czar Vows Action After ‘Shameful’ Odebrecht
Mexico’s incoming financial intelligence chief said it was “shameful” how little had been done about bribes that Brazilian construction firm Odebrecht executives said were paid to secure Mexican public works contracts, and vowed to reexamine the case once in office. Santiago Nieto will head the finance ministry’s Financial Intelligence Unit, …
your ad hereWhen the Music’s Over: Cities Suffer as Venues Fall to Developers
When Pearl Jam led 50,000 people in a chant of “Save the Showbox” in a Seattle stadium last month, the rockers confronted a question facing many cities: When do the cultural costs of a property boom become too high? The Showbox is an 1,100-person venue across the street from Pike …
your ad hereWinning Design for Phnom Penh Factory Worker Homes, a Model for Other Cities
An award-winning design for factory worker housing in Cambodia’s capital will serve as a model for homes in other cities in the rapidly-urbanizing country, according to the charity that will build 3,000 units based on the blueprint next year. The contest was hosted by the United Nations Development Program (UNDP) …
your ad hereIn Hong Kong, Disposable Fashion Gets a Recycled Makeover
In Hong Kong, more than 340 tons of textile waste is dumped each day into the city’s overflowing landfills, according to the city’s Environmental Protection Department. But a new textile spinning mill, the first to open in this former textile manufacturing powerhouse in half a century, aims to reuse that waste, …
your ad hereArgentina’s Fernandez: ‘Dig Up My Home But You Won’t Find Illicit Funds’
Argentina’s ex-President Cristina Fernandez said on Tuesday that she never received corrupt payments and challenged investigators to scour her home region of Patagonia if they believed she had hidden cash, a day after she was indicted on graft charges. Using her immunity as a senator to refuse to answer any …
your ad hereVenezuela Doubles Down on Chinese Money to Reverse Crisis
Venezuelan President Nicolas Maduro said Tuesday that new investments from China will help his country dramatically boost its oil production, doubling down on financing from the Asian nation to turn around its crashing economy. Already a major economic partner, China has agreed to invest $5 billion more in Venezuela, …
your ad hereEuropean Nations Plan to Use More Hydrogen for Energy Needs
Dozens of European countries are backing a plan to increase the use of hydrogen as an alternative to fossil fuels to cut the continent’s carbon emissions. Energy officials from 25 countries pledged Tuesday to increase research into hydrogen technology and accelerate its everyday use to power factories, drive cars …
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