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World

Wednesday, May 12, 2021

World Bank signs $500mn infrastructure project for Congo's capital
Africa

World Bank signs $500mn infrastructure project for Congo's capital

  • Kinshasa is the largest French-speaking city in the world with a population of just over 17 million.
  • "Kin Elenda will help change the daily lives of the people of Kinshasa through the investments it will make throughout the city," said Jean-Christophe Carret, the World Bank's country director.
Published 12 May, 2021 07:51pm
Top Hamas commanders killed by Israeli airstrikes
Middle East

Top Hamas commanders killed by Israeli airstrikes

  • The Palestinian militant group Hamas has confirmed on Wednesday that several of its top commanding officers were killed in Israeli strikes, including the military chief of Gaza city.
  • Israeli forces announced that they killed 16 Hamas fighters, including a senior commander and numerous weapons developers, in an airstrike on a Hamas command post in the Gaza Strip.
Published 12 May, 2021 07:27pm
Brazil services activity shrinks in Q1, back below pre-pandemic levels
USA

Brazil services activity shrinks in Q1, back below pre-pandemic levels

  • The services sector shrank by a seasonally adjusted 4.0% on the month, government statistics agency IBGE said, more than the median estimate in a Reuters poll of economists of a 3.2% fall.
  • It was the first decline in activity in 10 months, IBGE said, and meant the sector is 2.8% smaller than it was in February last year just before the pandemic struck.
Published 12 May, 2021 06:44pm
Mexico industrial output rises in March on utilities, manufacturing
USA

Mexico industrial output rises in March on utilities, manufacturing

  • Consumption of electricity, water and gas through pipelines rose 4.9% and manufacturing was up by 3%, the national statistics agency said. Mining activity, however, dipped by 3.1%.
  • Compared with the same month a year earlier, industrial output was 1.7% higher, driven by manufacturing.
Published 12 May, 2021 06:40pm
Greece presents contentious labour reform bill
Europe

Greece presents contentious labour reform bill

  • "The labour law is antiquated," Hatzidakis told a news conference. "The core of the bill goes back to 1982. In 1982 the Internet, let alone teleworking, was a distant dream."
  • Prime Minister Kyriakos Mitsotakis said the bill was intended to protect workers. "It strengthens their rights..., corrects injustices of the past. In short, it gives power to the employee," he tweeted.
Published 12 May, 2021 06:31pm
Russia has vaccinated 14 million against COVID, deputy PM says
Europe

Russia has vaccinated 14 million against COVID, deputy PM says

  • On Monday, President Vladimir Putin said "21.5 million people have received vaccine shots", appearing to suggest a sharp rise in vaccinations.
  • Golikova said that 24 million represented the number of doses administered so far, according to the news agency.
Published 12 May, 2021 06:23pm
Rwanda's economy to recover this year, more spending seen
Africa

Rwanda's economy to recover this year, more spending seen

  • Tushabe also said Rwanda plans to increase spending in the fiscal year starting July 1 by 10%, to 3.807 trillion Rwandan francs ($3.82 billion). Donors will fund 16% of the budget, with the rest coming from tax revenues and debt, he said.
  • The East African nation's debt level climbed by 13% last year due to borrowing aimed at combating COVID-19, he said.
Published 12 May, 2021 05:33pm
Euro zone to rebound more strongly, borrowing curbs to stay on hold
Europe

Euro zone to rebound more strongly, borrowing curbs to stay on hold

  • The aggregate growth of the 19 countries sharing the euro currency is likely to be 4.3% this year and 4.4% in 2022, the European Union's executive arm said, revising upwards its forecast from February of 3.8% growth in both years.
  • The forecast brings the Commission closer to the International Monetary Fund, which last month said it expected 4.4% growth in the euro zone this year.
Published 12 May, 2021 05:13pm
Ghana April consumer price inflation 8.5pc year-on-year in April
Africa

Ghana April consumer price inflation 8.5pc year-on-year in April

  • The drop puts the rate within the Bank of Ghana's targeted band of 8% plus or minus 2 percentage points for the first time since January.
  • The central bank, which kept it's prime interest rate unchanged at 14.5%, said in March that it expected headline inflation in the gold-, cocoa-, and oil-producing country to return to the target band in the second quarter of 2021.
Published 12 May, 2021 04:55pm
21 Palestinians killed in Israeli air raids on Gaza Strip
Middle East

21 Palestinians killed in Israeli air raids on Gaza Strip

  • According to the Palestinian Ministry of Health, at least 21 civilians have been killed by Israeli air raids on the besieged Gaza Strip, after Hamas launched retaliatory rockets from the coastal territory.
  • The aerial bombardment occurred after Hamas fired several rockets at Israel, after Israel refused to withdraw forces from the Al Aqsa Mosque in Jerusalem.
Published 12 May, 2021 02:07pm
Taliban seize Nerkh district on outskirts of Kabul
World

Taliban seize Nerkh district on outskirts of Kabul

  • The area has long been used by militants as a gateway to reach the city and launch deadly attacks on Afghan forces
  • The Defence Ministry of Afghanistan says it would launch an offensive to win back the district
Published 12 May, 2021 01:02pm
Canada's Ontario province pauses AstraZeneca first-dose jabs
World

Canada's Ontario province pauses AstraZeneca first-dose jabs

  • Earlier, Alberta -- with the highest per capita number of Covid cases of any Canadian province or US state -- altered its immunization strategy, saying it wasn't sure when it would receive additional shipments of the AstraZeneca vaccine.
Published 12 May, 2021 11:02am
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