Recent Posts

More billionaires than ever in China

China’s richest have grown richer despite slowing economic growth, with this year’s Forbes China Rich List identifying a record 168 billionaires, up from 113 the previous year. The combined wealth of the top 100 wealthiest Chinese also surged 44 per cent to US$316 billion this year, in contrast with a …

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Africa: GDP Rises With $18 Billion Internet Contribution

The contribution of the Internet to the growth of Africa’s Gross Domestic Product (GDP) is on the upswing with about $18 billion added to the continent’s economy according to a new study which will be unveiled next month at the ITU Telecom World 2013 in Bangkok, Thailand. The study jointly …

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After 16 days, it’s finally over

Legislation is on its way to the President’s desk and he’ll sign it, ending the shutdown and avoiding default. The government will open once again, hundreds of thousands of Americans will go back to work, and millions will see vital services restored.

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FAO: There are still roughly 870 million hungry people in the world

The map comes from the International Food Policy Research Institute’s new 2013 Global Hunger Index. The index, which this year contains data from the 2010–2012 period, measures malnutrition in countries based on three factors: the percentage of people who are undernourished, the proportion of children who are underweight, and the …

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Kogi Empowers 175 Rural women With Small Scale Business

About 175 rural women from the western senatorial district of Kogi state have been empowered through granting of financial support by the state government to start a small scale business. While flagging off the programme in Kabba-Bunu local government area, the first lady Hajiah Halimat Wada called on women to …

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Panetta: Debt mess makes America look weak

The United States must stop sending a message of weakness to the rest of the world, former Defense Secretary Leon Panetta said Wednesday. In an interview on CNBC, Panetta said the impact of the U.S. government shutdown on the American people, the economy and national defense has not gone unnoticed. …

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Nigeria was not broke – Dr. Ngozi Okonjo-Iweala

Nigerian Economy Remains Strong  and IMF Predicts 7.4% GDP growth in 2014. Notwithstanding the insecurity in the northern part of Nigeria and crude oil theft, which has negatively affected the nation’s revenue base, the International Monetary Fund (IMF) has rated the nation’s economy as still strong. The IMF’s positive rating …

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What makes Russia tops Global Wealth Inequality?

Global wealth has risen by 68 percent over the past 10 years, according to the 2013 Credit Suisse Global Wealth Report released on Wednesday, but the level of inequality remains high as the richest 1 percent still own 46 percent of global wealth, with the top 10 percent claiming 86 …

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Republicans consider short-term U.S. debt ceiling increase

U.S. House of Representatives Republicans are considering signing on to a short-term increase in the government’s borrowing authority to buy time for negotiations on broader policy measures, according to a Republican leadership aide. How long the increase might suffice – a few weeks or a few months – was unclear. …

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Nigeria: The Debate Over State of Economy

For many critics of the President Goodluck Jonathan administration, the Nigerian economy is in a quandary, but recently, the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala provided a glimpse to counter their claims. On September 17, 2013, 16 governors of the Governor Chibuike Amaechi-led faction …

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Today is the first day of destruction Syria’s chemical weapons arsenal

Disarmament experts from international watchdog have begun destroying Syria’s chemical weapons arsenal, according to a monitoring team of experts. The operation is being carried out by a team from the Organisation for the Prohibition of Chemical Weapons (OPCW). The mission was established under a UN resolution passed after agreement between …

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Can Obama use the 14th Amendment to win his fight?

With the October 17 deadline to raise the debt limit rapidly approaching, President Obama is not specifically ruling out using the 14th Amendment to increase the nation’s borrowing ability if the political impasse continues and Congress fails to do so, but says he does not expect the fight to get to that point. Four …

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