When car dealer Keith Oh from Singapore first read the message on Facebook, he was not sure if it was real
World
"Debt relief implies downgrade because governments lose control," Considers Moody's
Moody's rating agency argues that a downgrade for countries seeking debt relief is inevitable because it is the creditors' committee that decides on restructuring
Africa in "urgent" need of 20 million second doses of vaccine, warns WHO
Africa needs at least 20 million doses of the AstraZeneca/Oxford vaccine in the next six weeks to be able to give second doses to everyone who received the first
African Union "disappointed" with IMF's value for Africa
The president of the African Union said Thursday he is "disappointed" with the IMF's $33 billion in Special Drawing Rights (SDR)
Afreximbank raises funds on the financial markets
The African Export-Import Bank (Afreximbank) raised $1.3 billion this week
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
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
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
"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
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
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
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