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President Gotabaya Rajapaksa of Sri Lanka has sworn in a cabinet of 25 ministers as well as 39 powerful state ministers, after a landslide victory at last week’s parliamentary election, officials said on Wednesday.

Sri Lanka swears in new cabinet, state ministers

President Gotabaya Rajapaksa of Sri Lanka has sworn in a cabinet of 25 ministers as well as 39 powerful state ministers, after a landslide victory at last week’s parliamentary election, officials said on Wednesday.
(FILES) In this file photo taken on August 31, 2017 a British one pound sterling coin, and a one euro coin, are arranged for a photograph in central London. – Sterling soared Thursday, October 17, 2019 within a whisker of $1.3, striking five-month peaks after the European Union reached a draft Brexit withdrawal deal with London. (Photo by Daniel SORABJI / AFP)

UK officially enters recession for first time in 11 years

The United Kingdom has officially fallen into recession for the first time in 11 years.
Adama Barrow of The Gambia

Gambia’s health system near collapse amid pandemic

The Gambia has seen over a 70% rise in coronavirus cases last week, and its health sector is crumbling under the weight of the deadly virus.
Currency depreciation, inflation, negative growth, businesses closed- Algeria's economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues.

Algeria economy rocked by one-two punch of coronavirus crisis

Currency depreciation, inflation, negative growth, businesses closed: Algeria's economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues.
Migrants and activists sail an inflatable boat in a symbolic action on the Ill River near the European Parliament in Strasbourg, France, to highlight the immigration crisis in the Mediterranean, June 10, 2015. REUTERS-Vincent Kessler-File Photo

UK concerned by rise in small boats crossing from France – official

The United Kingdom is concerned by an "unacceptable" rise in the number of small boats crossing the English Channel from France and would act to return "illegal" migrants, immigration compliance minister Chris Philp said in an opinion piece for The Telegraph newspaper here.
The plan could include a merger of the indebted state railway operator, ONCF, and the highway company ADM into a single entity, the minister, Mohamed Benchaaboun, told reporters.

Morocco to reform state bodies in virus response – ministry

Morocco plans to reform, merge or dissolve some state bodies to reduce their dependency on a state budget hit by the coronavirus pandemic, the finance minister said on Wednesday.
President Adama Barrow said last week he would self-isolate for two weeks after Vice President Isatou Touray tested positive.

Gambia government officials ravaged by coronavirus

Three ministers in Gambia's government have tested positive for the coronavirus, officials said, days after the West African nation's president went into self-isolation.
ANC member Lindiwe Zulu reacts as she waits for the election results during the 54th National Conference of the ruling African National Congress (ANC) at the Nasrec Expo Centre in Johannesburg, South Africa December 18, 2017. REUTERS

South Africa will not have universal basic income grant this year – minister

South Africa will not implement a universal basic income grant until at least March, Social Development Minister Lindiwe Zulu said in an interview on Friday, rolling back a pledge to have it ready by October.
President Muhammadu Buhari on Wednesday led other members of the Federal Executive Council to observe a minute silence in honour of the late father of the Kwara State, Abdulganiyu Abdulrasaq, who died last week.

FEC approves 15.21 million Euro, N1.708 billion counterpart funding for Siemens power deal

The Federal Executive Council, FEC, yesterday ratified the President’s anticipatory approval for the release of 15.21 million Euros offshore and N1.708 billion onshore counterpart funding for the power deal with Siemens AG, signed by the Nigerian and German governments last year.
The House of Representatives has enjoined the authorities to encourage the use of locally developed remedies for the management and treatment of Covid-19 ailments in the country.

House of Reps uncovers clauses conceding Nigeria’s sovereignty to China in loan deal

A House of Representatives committee has raised the alarm over clauses conceding Nigeria’s sovereignty to China in a loan agreement.

Australia announces biggest budget deficit since World War II

Australia says its budget deficit will be 85.8 billion Australian dollars (AD) ($61.2 billion) in 2019-20 and AD 184.5 billion in 2020-21. This marks the biggest deficit since World War II, due to the economic fallout from the coronavirus pandemic.

AU says yet to endorse consensus candidate for WTO top job

The African Union (AU) says it is yet to agree on a consensus candidate for the position of Director-General of the World Trade Organisation (WTO).
Ngozi Okonjo-Iweala

Ngozi Okonjo-Iweala thanks President Buhari, ECOWAS as WTO DG race enters selection phase

Ngozi Okonjo–Iweala on Thursday expressed gratitude to President Muhammadu Buhari and the National Assembly for nominating and supporting her candidacy for Director-General of the World Trade Organisation (WTO) position.

Ngozi Okonjo-Iweala: I’m best candidate to head WTO

Ngozi Okonjo-Iweala on Wednesday in Geneva stressed the need for the World Trade Organisation (WTO) to elect a credible candidate based on merit for the position of Director-General.
Ngozi Okonjo-Iweala

Ngozi Okonjo-Iweala urges WTO to elect chief on basis of merit

Dr Ngozi Okonjo-Iweala on Wednesday in Geneva stressed the need for the World Trade Organisation (WTO) to elect a credible candidate, based on merit, for the position of Director General.
Tunisia's Prime Minister Elyes Fakhfakh has announced that a lockdown to fight the spread of coronavirus will be extended to 3 May before it is progressively eased.

Tunisia premier resigns after political row – report

Tunisian Prime Minister Elyes Fakhfakh resigned on Wednesday, according to two official sources who did not want to be named, after a row with the Islamist-inspired Ennahdha party.
Tunisia's prime minister designate Elyes Fakhfakh speaks at the Assembly of People's Representatives in Tunis, Tunisia February 26, 2020. REUTERS-Zoubeir Souissi-File Photo

Tunisia seeks late debt payments as crisis hits economy, state budget

Tunisia has asked four countries to delay debt repayments, it said on Monday as it announced more pessimistic economic and budget forecasts for 2020 because of the coronavirus pandemic.

Ngozi Okonjo-Iweala: We tackled corruption, saved billions of dollars during my tenure as minister

Ngozi Okonjo-Iweala, a global finance expert and Nigerian-nominated candidate for the position of the World Trade Organisation (WTO) Director-General, has said during her tenure as the finance minister of Nigeria, “we saved billions of dollars that were channeled to other priorities”.

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A plane carrying four passengers crashed late on Thursday in dense forest in eastern Democratic Republic of Congo, authorities said.

Plane carrying four passengers crashes in DR Congo

A plane carrying four passengers crashed late on Thursday in dense forest in eastern Democratic Republic of Congo, authorities said.

Edo guber: Governor Obaseki’s ‘convoy attack’ sponsored by his deputy – Comrade Oshiomhole’s aide

Victor Oshioke, an aide to the suspended All Progressive Congress (APC) National Chairman, Comrade Adams Oshiomhole, who hails from Apana, has debunked the allegations that the attack on Obaseki’s convoy by thugs was sponsored by Oshiomhole.
The eurozone economy on Friday shrank by 12.1 per cent in the second quarter of the year, the EU’s statistical office confirmed.

Eurozone economy contraction confirmed at 12.1% in Q2

The eurozone economy on Friday shrank by 12.1 per cent in the second quarter of the year, the EU’s statistical office confirmed.
European Commission President Ursula Leyen, on Wednesday, warned major trading partners that a carbon tax on imports if its planned transition to carbon neutrality puts its products at a disadvantage in the global market.

EU Commission chief supports sanctions on Belarus

European Commission President, Ursula Leyen, on Friday, said that she supported sanctions on Belarusian officials who violated democratic values or abused human rights.
Rwanda's Immigration department on Thursday announced it will replace all passports with East African e-passports.

Rwanda to replace all its passports with East African e-permits

Rwanda's Immigration department on Thursday announced it will replace all passports with East African e-passports.