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German Chancellor Angela Merkel in Berlin, June 12, 2017. (Sean Gallup-Getty Images)

End of an era: Angela Merkel passes torch to new party leader

German Chancellor Angela Merkel will hand off leadership of her party Friday after nearly two decades at the helm, with the race wide open between a loyal deputy and a longtime rival.
[file] Former South African president Jacob Zuma appears at the KwaZulu-Natal High Court in Durban on April 6, 2018, during for a brief preliminary hearing on corruption charges linked to a multi-billion dollar 1990s arms deal./ AFP PHOTO / POOL / Nic BOTHMA

South Africa’s Jacob Zuma seeks to have corruption case scrapped

South Africa's former president Jacob Zuma on Friday lodged a court application to try to have quashed $2.5-billion corruption case linked to a 1990s arms deal, state prosecutors said.
German Chancellor Angela Merkel gestures during a joint press conference with the Croatian Prime Minister in Berlin on August 28, 2018. - AFP PHOTO - Tobias SCHWARZ

Germany eases immigration rules to attract foreign job seekers

Worker-starved Germany will ease immigration rules to attract foreign job seekers, including giving well-integrated irregular migrants in employment a shot at staying, ministers said Tuesday.
FILE PHOTO: Protests against Germany's "Dieselgate" in front of Germany's Federal Ministry of Transport and Digital Infrastructure where ministers and car executives hold a meeting to agree ways to cut inner-city pollution to try to stave off bans on diesel cars and restore the tarnished reputation of the country's auto industry in Berlin, Germany, August 2, 2017. REUTERS/Hannibal Hanschke/File Photo

Minister: German taxpayers will not finance diesel retrofits

German Transport Minister Andreas Scheuer said on Wednesday that his plan to battle air pollution in cities by retrofitting older diesel vehicles would not require taxpayer funds or money from the car owners.
Mauricio Macri

Argentina cuts ministries from 22 to 10, slams taxes on exports

Argentina’s President Mauricio Macri announced sweeping new austerity measures Monday including reducing government ministries by more than 50 per cent and imposing stiff taxes on exports to reduce budget deficits and stabilise the economy.
Dr Masoud Karbasian, Minister of Economic Affairs and Finance of the Islamic Republic of Iran

Iran parliament impeaches economy minister

Iran's parliament impeached Economy Minister Masoud Karbasian on Sunday in the latest blow to the embattled government as it struggles to face down a mounting economic crisis.
[FILE] US President Donald Trump speaks during a roundtable discussion on the Foreign Investment Risk Review Modernization Act in the Roosevelt Room of the White House on August 23, 2018. - AFP PHOTO - MANDEL NGAN

Donald Trump says trade deal with Mexico ‘could be happening soon’

Donald Trump on Saturday hinted that the US and Mexico were on the verge of finalizing a deal, as negotiators from both sides were holding talks through the weekend to revamp the North American Free Trade Agreement.
Turkish Minister of Economy Nihat Zeybekci | European Photopress Agency

Turkey: Iran oil import ban ‘not binding’

Turkey’s Economy Minister, Nihat Zeybekci, says the U.S. demand for countries to stop importing Iranian oil or face sanctions is “not binding’’ on Ankara.

China happy to see political stability in Italy

Italy is an important member of the EU and has traditionally friendly ties with China, the ministry spokeswoman, Hua Chunying, told a daily news conference in Beijing.

Oil prices fall amidst fears of market glut

Oil prices extended their decline from last week on growing expectations that major oil producers may ease their 17-month-old production cuts.

Italy’s president calls in former IMF official amid political turmoil

President Sergio Mattarella has called in Carlo Cottarelli after two anti-establishment parties angrily abandoned their plans to form a coalition in the face of a veto from the head of state over their choice of economy minister.

Angela Merkel seeks united front with China amid Donald Trump trade fears

Chancellor Angela Merkel visits China on Thursday, seeking to close ranks with the world's biggest exporting nation as US President Donald Trump shakes up explosive issues from trade to Iran's nuclear deal.

France warns Italy against breaking EU commitments

The stability of the eurozone will be at stake if a populist new government in Italy fails to keep its financial commitments, French Economy Minister Bruno Le Maire warned Sunday.

Canada’s Justin Trudeau sees high chance of NAFTA deal with US, Mexico

Canadian Prime Minister Justin Trudeau signalled Thursday he saw a strong chance of reaching a deal with the US and Mexico to revamp the North American Free Trade Agreement.

Germany: Donald Trump will fail if he tries to split Europe

US President Donald Trump “will not succeed” in dividing European nations against one another over trade, German Economy Minister Peter Altmaier warned Sunday ahead of a visit to Washington.

Donald Trump presses EU on trade barriers in tit-for-tat

President Donald Trump renewed his demand Saturday that the European Union halts its trade barriers to US products in order to spare his allies new steel and aluminum tariffs.

Turkey seeks free trade agreement with ECOWAS

Turkish Economy Minister Nihat Zeybekci has suggested that a free trade agreement will be a key step to boost business ties between Ankara and the Economic Community of West African States.

Greek economy minister quits in housing stipend row

Greece’s economy minister quit early Tuesday, the prime minister’s office said, hours after his wife was ousted as a junior minister over a housing stipend controversy.

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Civil Service Minister Carmelita Namashulua

Mozambique government finds 30,000 ghost workers costing $250 million

Mozambique’s government said on Monday that it had identified 30,000 “ghost employees” in its civil service who cost $250 million between 2015 and 2017.

Christmas: Enugu announces free ride for indigenes

Governor Ifeanyi Ugwuanyi of Enugu State has announced free transportation for indigenes of the state living in other parts of the country, who intend to return home to celebrate the festive season with their loved ones.

Presidency: PDP spreading fake news

Apparently irked by allegations from the opposition that President Muhammadu Buhari ordered the raid of the home of Aliyu and Mustapha, sons of the People Democratic Party (PDP) presidential candidate, former Vice President Atiku Abubakar, the Presidency has advised Nigerians to ignore such claims.
Lai Mohammed, minister of information, says Senate President Bukola Saraki slowed down the progress of the All Progressives Congress (APC)

Lai Mohammed: Olusegun Obasanjo’s candidate will be defeated roundly in 2019

The federal government says though it is the constitutional right of the former President Olusegun Obasanjo to support a candidate for an election, his endorsement, however, does not guarantee victory.
Oby Ezekwesili

Oby Ezekwesili urges Muhammadu Buhari to sign the electoral bill

The presidential candidate of the Allied Congress Party of Nigeria, Mrs. Obiageli Ezekwesili, has urged President Muhammadu Buhari to sign the Electoral Act Amendment Bill 2018.