US Federal Reserve lowers interest rate for first time in over a decade

The European Union should change the way it does business with Africa to redress imbalances left over in part from the colonial era, EU lawmakers have said.

For years, Vietnamese children and teenagers have been disappearing in Germany. Those responsible are unscrupulous human traffickers whose networks span continents.

Soaring inflation is prompting the bank to raise interest rates from current historic lows. The move could put a brake on rising prices but might also dampen growth.

The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) banned trade in ivory in 1989. That decision has helped the endangered African elephant increase its population, but Zimbabwe says it wants the ban relaxed so ivory stockpiles can be sold.

The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) banned the trade of ivory in 1989. That decision has helped increase the population of endangered African elephants, but Zimbabwe says it wants to relax the ban so ivory stockpiles can be sold.

Economic instability has Indian investors and exporters worried about receiving payments. The Indian government is doing what it can to help keep essential goods moving.

One year after the implementation of the African Continental Free Trade Area Agreement (AfCFTA), which came into force on January 1, 2021, Nigeria continues to lag behind in making the trade agreement operational owing to structural challenges, Coronavirus pandemic, and lack of consensus on trade protocols and strategy among stakeholders.

Shepherd Chowe pushes a cart filled with tins, iron rods and other metallic objects down a dusty pathway in Hopley, a poor settlement about 15 km west of Zimbabwe's capital, Harare. He is among desperate Zimbabweans selling scrap metal for survival as the cost of living soars, piling pressure on a population already facing food shortages and high unemployment, and stirring memories of economic chaos years ago under the late leader Robert Mugabe's near four-decade rule.

The Bank of England has warned that Britain is facing a recession as it hiked its benchmark interest rate by 0.5%.

The two sides both accused each other of carrying out three strikes on the Zaporizhzhia plant. Meanwhile, more grain ships departed from Ukrainian ports under a Turkey-brokered deal.

India is trying to strengthen its long-standing ties to countries on the continent as New Delhi attempts to catch up with China, which has emerged as Africa's largest trading partner.

For the first time since Fidel Castro's 1959 revolution, Cuba plans to allow some foreign investment in local wholesale and retail trade.