New Global Financial Pact Summit: Zambia reaches deal with creditors
29 June 2023 | 3:22 pm
Zambia and its government creditors, including China, have reached a deal to restructure $6.3 billion in loans, the French government announced Thursday on the sidelines of a global finance summit in Paris.
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The agreement should just be viewed as a "stopgap" that gives Pakistan time and some resources needed to pull its economy back from the verge of default, say experts.
It was meant to be the jewel in the Brexit crown, but the UK has, so far, failed to sign a free trade agreement with the US.
The UN's maritime agency announced an agreement to reach net zero greenhouse gas emissions from the shipping industry by about 2050. But many experts say the deal falls well short of what is necessary and possible.
Brussels says the bloc's trade with New Zealand could now grow by 80%. In a first for an EU trade pact, there is a section that commits both sides to targets to tackle climate change.
European trawlers will no longer be able to fish off the Moroccan coast once a fisheries protocol ends on Monday. Renewing the protocol could prove complicated, with Morocco seeking to secure a more advantageous deal.
A one-day summit by West African leaders from Nigeria, Ghana, Cote d’Ivoire, Senegal and the Niger Republic ended in a stalemate after the leaders met with Mali’s President Ibrahim Boubacar Keita and Muslim Cleric Mahmoud Dicko.
China has warned that Australia, Britain and the United States were treading a "path of error and danger" after they unveiled a nuclear-powered submarine deal under a partnership known as AUKUS. The aim is to check China's ambitions in the Indo-Pacific region.
FIFA said on Friday it is investigating allegations of misconduct involving the Zambia team at the Women's Soccer World Cup, after the Guardian reported coach Bruce Mwape had allegedly rubbed his hands over the chest of one of his players.
Bayern Munich have reportedly reached an agreement with Tottenham Hotspur to sign Harry Kane. The Bundesliga side’s offer is said to be worth over £86.4 million (€100 million). Tottenham’s decision to accept the offer now means that Kane must decide if he makes the move or not.
Turkish President Recep Tayyip Erdogan is urging Russia to return to a deal allowing Ukraine to export grain, easing a global food crisis. However, Moscow is seeking concessions that only the West can offer.
Analysts expect North Korea to offer artillery rounds in exchange for advanced Russian technology used for missiles, nuclear weapons and submarines. However, the details are likely to be kept secret.
The German and Ukrainian capitals marked their new partnership in Berlin, where Mayors Vitali Klitschko and Kai Wegner met at the Brandenburg Gate. "Together we are much stronger than alone," said Klitschko.
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