economy
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NIGERIAN NAIRA IS FAST BECOMING THE WEAKEST CURRENCY IN AFRICA, AS CHOICE OF PRESIDENT OF NIGERIA IS POOR AND WEAK BOTH ACADEMICALLY AND EDUCATIONALLY. See and judge your economy👇👇👇👇 South Africa: Rand 1= ₦79 Angola: 1Kwanza = ₦12 Botswana: 1Pula = ₦28 Cape Verde: 1Escudo = ₦8 Algeria: 1Dinar = ₦12 Egypt: 1Pound = ₦35…
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The President, Major General Muhammadu Buhari (retd.), on Tuesday, congratulated the new Prime Minister of Britain, Liz Truss, on her assumption of “this trusted position of leadership”. Truss, who served as foreign secretary until her emergence, defeated top contender Rishi Sunak on Monday under the Conservative Party. This is according to a statement signed by…
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New analysis reveals UK auto manufacturers face ÂŁ90m uplift in energy bills this year as costs surge 50%. Sector already spends ÂŁ50m more per annum for energy than EU counterparts, with the UK having some of the highest electricity costs in Europe. Industry calls for urgent action as UK’s ÂŁ21.2bn auto supply chain races to…
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On Monday, statistics showed Mainland China’s birth rate has dropped to a record low of 7.52 births per 1,000 people in 2021, compared with 8.52 births per 1,000 in 2020. The new figures continue a downward trend that forced the government to allow couples to have up to three children per year. To avoid the…
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This will be the most expensive Thanksgiving in America in years because of high food prices, which also are hurting many of the nation’s food banks on which tens of millions of people in the US rely. Nearly every component of the Thanksgiving feast, from the turkey to the disposable roasting pan, after-dinner coffee and…
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The Bank of England (BoE) said on Thursday, August 5, it could see a modest reduction ahead in the huge support it has provided to Britain’s economy during the COVID-19 pandemic and set out how it could gradually tighten monetary policy. For now, the central bank decided to keep its stimulus at full speed, even though it expects inflation to jump…
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The city of Paris is considering proposing a three-week lockdown in a bid to “reopen everything” in the City of Lights afterwards, the deputy mayor said Thursday, calling the current nighttime curfew a “half-measure” and a “semi-prison” that never ends. In an interview with French broadcaster Franceinfo, Deputy Mayor Emmanuel GrĂ©goire said that the left-wing run city…
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The focal point of the coronavirus emergency in Europe, Italy, is also the region’s weakest economy and is taking an almighty hit as foreigners stop visiting its cultural treasures or buying its prized artisanal products, from fashion to food to design. Europe’s third-largest economy has long been among the slowest growing in the region and…
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Singaporean Prime Minister Lee Hsien Loong has warned that the trade war between the US and China could impact the growth of the affluent city-state. Image: Prime Minister Lee Hsien Loong In his New Year’s message, Lee expressed that the trade tensions between the two major superpowers could force others to pick sides.…
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Nigeria’s economy faces continuous decline in investment inflows ahead of 2019 elections, some analysts who spoke to Business Day have said. Projections from the analysts are a result of the recent decline in capital importation numbers from Q2 2018, and especially as cloud of uncertainties surrounding the 2019 elections increase averseness to investing in…
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The principles of Keynesian economic theory are considered as effective financial intervention plans and are very effective in resolving economic crisis (Keynes., 1936), especially when governments “responsibly” apply them with clear understanding of the current situation and future forecasts. This is one of the reasons an economic index from the Heritage Foundation ranked Greece…
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The Greece Financial Crisis  Abstract This paper presents a thorough analysis of the Greek debt crisis, starting with the chosen structure, methods applied for academic analysis, and a comprehensive discussion on the causal factors. A combination of both quantitative and qualitative sources will be employed for this discourse, with concentration on the period…
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China is coming to Turkey’s aid during its economic crisis with $3.6 billion in funding for infrastructure projects, leveraging Ankara’s conflict with Washington to expand its Belt and Road Initiative in the key country that links Asia with Europe. Image shows Erdogan and Xi Jinping Turkish President Recep Tayyip Erdogan said Aug. 11 that his country was preparing to trade through national…
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The President of the Federal Republic of Nigeria is on a visit to China. Shortly after his arrival President Muhammadu Buhari was pictured greeting primary school students during the usual review of an honor guard. The president of the People’s Republic of China Xi Jinping was on ground at the Great Hall during the welcome…
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