overseas
1 Oct 2021
People in Beijing share their views after a decision announced by the International Olympic Committee that next year's Winter Olympics in the city will be held without fans from overseas. "I think this measure is for the safety concerns and is acceptable," says a pedestrian at Beijing Olympic Park.
26 Mar 2021
Despite a severe shortage of foreign exchange (forex), overseas education continues to drain the country’s resources, as Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, admitted $80 million weekly disbursements for personal travel allowances or payment of overseas school fees. The amount, which translates to $960 million yearly, is disbursed to banks to enable Nigerians to meet their forex responsibilities.
This is after a recent report indicated that Nigerians spend £30 million (about N20 billion) yearly paying tuition in the United Kingdom alone while the country’s education system grapples with challenges of underfunding, poor remuneration, and obsolete teaching facilities.
22 Mar 2021
After Olympics organisers announced a ban on spectators from abroad, those working in Japan's tourism industry are counting their losses. Experts say the impact will be limited compared to the much larger blow brought by the pandemic, adding there is hope that tourism will rebound as life moves towards normality.
19 Jun 2020
France has accused the US of deliberately provoking the European Union by withdrawing from major talks on digital tax. Tech giants are able to pay minuscule tax rates by shifting profits overseas.
2 Sep 2019
One week after Lebanon’s credit rating was cut deeper into junk territory by Fitch, the country’s central bank governor told Bloomberg they have secured new deposits from private investors overseas, boosting dollar reserves by up to $1.4 billion. Riad Salameh’s comments are likely to go some way toward reassuring investors increasingly worried that dwindling inflows of cash from abroad could undermine Lebanon’s ability to repay its debts and defend its currency. He spoke to Bloomberg’s Lin Noueihed in an exclusive interview in Beirut, Lebanon.