The president of the African Union said Thursday he is "disappointed" with the IMF's $33 billion in Special Drawing Rights (SDR)
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Afreximbank raises funds on the financial markets
The African Export-Import Bank (Afreximbank) raised $1.3 billion this week
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Global market made 46.63 billion euros from carbon taxes
The global market managed, over the year 2020, to bill 46.63 billion euros in revenue raised through corporate carbon emission taxes
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European Union wants to bring vaccine production to Africa
"We are working on an initiative to invest €1 billion from 'Team Europe' to develop vaccine manufacturing in Africa, the capacity itself in Africa
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IMF proposes 41 billion plan to end pandemic
The IMF proposes a plan to end the pandemic with estimated funding of $50 billion and a goal of vaccinating 40% of the world's population this year
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"Flawless" pink diamond raised at auction for $29.3 million
The 15.81-carat Sakura gem sold for $29.3 million in Hong Kong, making it the most expensive purple-pink diamond sold at auction
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China says IMF 'new capital' should be distributed to African countries
China announced on Thursday that it supports the International Monetary Fund's (IMF) proposal regarding the distribution of the Special Drawing Rights allocation
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World Bank to give $2 billion to small and medium-sized African businesses
The World Bank announced Wednesday that it will set aside, through the International Finance Corporation (IFC), $2 billion to support small and medium-sized enterprises in Africa
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Elon Musk is no longer the 2nd richest person in the world. The emperor of Mars was dethroned by the baron of luxury
Elon Musk has been swept from second place on the Bloomberg Billionaires Index list of the world's richest people, making way for the luxury goods trading mogul
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Oil companies must suspend projects to achieve zero emissions by 2050
Energy companies must halt all new oil and gas exploration projects starting this year if they want to keep global warming under control