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Major banks moved vast sums of illicit money – investigation

Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations.
Hong Kong’s Chief Executive Carrie Lam late Saturday announced she had renounced an honorary fellowship from the University of Cambridge in England, following criticism of the city’s new national security legislation from British politicians.

Hong Kong leader resigns from Cambridge fellowship

Hong Kong’s Chief Executive Carrie Lam late Saturday announced she had renounced an honorary fellowship from the University of Cambridge in England, following criticism of the city’s new national security legislation from British activists and politicians.
(FILES) In this file photo taken on December 26, 2019 A worker goes down a construction ladder at the Grand Ethiopian Renaissance Dam (GERD), near Guba in Ethiopia. – The United Nations Security Council plans to meet on June 29, 2020, to discuss Egypt and Sudan’s objections to Ethiopia’s construction of a mega-dam on the Nile River, diplomatic sources said on June 25, 2020.The public video conference was called by the United States on behalf of Egypt, according to the sources.Ethiopia wants to start filling the reservoir for the 475-foot (145-meter) Grand Ethiopian Renaissance Dam in July, with or without approval from the two other countries. (Photo by EDUARDO SOTERAS / AFP)

Ethiopia says on track to fill mega-dam as AU pushes for deal

Ethiopia said Saturday it was on schedule to begin filling a controversial mega-dam on the Blue Nile River within weeks but vowed to try resolving its dispute with downstream neighbours Egypt and Sudan.
Air plane

American airlines receive extra $9.5 billion in payroll support

The U.S. Treasury Department said on Saturday it has released $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers, bringing to $12.4 billion the total provided to the airline sector hit hard by the coronavirus pandemic.

Egypt, Ethiopia, Sudan to sign agreement on dam by end of February

Egypt, Ethiopia, and Sudan will sign a final agreement by the end of February on a disputed dam built by Ethiopia, the three nations said in a joint statement on Friday.
President Muhammadu Buhari on Saturday departed Makkah via Abdulaziz International Airport Jeddah for United Kingdom after he successfully performed the Lesser Hajj.

President Buhari leaves Saudi for Britain on two-week private visit

President Muhammadu Buhari on Saturday departed Makkah via Abdulaziz International Airport Jeddah for United Kingdom after he successfully performed the Lesser Hajj.
President Muhammadu Buhari on Thursday met behind closed doors with Crown Prince of the Kingdom of Saudi Arabia, Mohammed bin Salman bin Abdulaziz, in Riyadh, Saudi Arabia.

Nigeria, US discuss infrastructure financing in Riyadh

President Muhammadu Buhari has expressed the willingness of the Nigerian government to mobilize additional capital from development finance institutions for the upgrade of critical infrastructure in the country.

Iran slams new US sanctions after Saudi oil attacks

Iran’s foreign minister has strongly condemned the ordering of new sanctions against Iran in the wake of the attacks on major Saudi oil facilities on the weekend, which Riyadh and Washington have blamed on Tehran.
(FILES) This file photo taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. The Chinese currency continued its sharp decline on July 20, 2018 despite US President Donald Trump's bid to rein in the dollar, as analysts pointed out that a weaker yuan aids Beijing in its trade tussle with Washington. / AFP PHOTO / FRED DUFOUR

China rejects currency manipulator label

China has outrightly rejected a U.S. decision to label it a currency manipulator, its central bank said on Tuesday.

Iran’s foreign minister sanctioned by US

“This is obviously a highly unusual action,” a senior administration official acknowledged when discussing the U.S. move against Iran’s foreign minister, Mohammad Javad Zarif.
BOGOTA, COLOMBIA - The Trump administration on Friday announced sanctions on the son of Venezuelan President Nicolas Maduro in a move to increase pressure on family members of top officials backing the socialist leader and suspected of corruption.

US sanctions Nicolas Maduro’s son as it tightens pressure on Venezuela

The Trump administration on Friday announced sanctions on the son of Venezuelan President Nicolas Maduro in a move to increase pressure on family members of top officials backing the socialist leader and suspected of corruption.
US Secretary of State Mike Pompeo called for a 'new era of cooperation' [Petr David Josek-AP]

Mike Pompeo: US to use all economic, political tools to hold Nicolas Maduro accountable

The U.S will use all economic and political tools at its disposal to hold Venezuelan President Nicolas Maduro accountable for his country’s crisis and will make clear to Cuba and Russia they will pay a price for supporting him, U.S. Secretary of State Mike Pompeo said on Sunday.
US President Donald Trump speaks before a meeting between US and Chinese officials in the Oval Office of the White House January 31, 2019 in Washington, DC. (Photo by Brendan Smialowski - AFP)

Donald Trump vows emergency declaration over wall, agrees to shutdown-averting bill

President Donald Trump vowed on Thursday to declare a national emergency in an attempt to fund his U.S.-Mexico border wall without congressional approval, a step likely to plunge him into a battle with Congress over constitutional powers.
Donald Trump David Malpass

Donald Trump picks World Bank critic David Malpass to replace Jim Kim

US President Donald Trump has nominated David Malpass, a critic of multilateral institutions like the World Bank, to replace Jim Yong Kim as the World Bank president.

Oil edges up as market eyes tighter supply

Oil prices edged up on Tuesday buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC.

Venezuela opposition leader increases pressure on Maduro

Venezuela’s opposition leader has stepped up his campaign to oust President Nicolas Maduro, rejecting an offer of talks with the socialist leader and calling for a “major demonstration.”
US Ambassador to the United Nations Nikki Haley speaks during her visit to Humayun's Tomb, a UNESCO World Heritage site, in New Delhi on June 27, 2018. Haley is on a two-day visit to India. : AFP PHOTO : MONEY SHARMA

Report: Nikki Haley, Ivanka Trump among possible World Bank nominees

Former UN Ambassador Nikki Haley and US President Donald Trump’s daughter and adviser Ivanka are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported Friday.
FILE PHOTO: U.S. President Donald Trump, U.S. Secretary of State Mike Pompeo, U.S. President Donald Trump’s national security adviser John Bolton and Chinese President Xi Jinping attend a working dinner after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Kevin Lamarque

US, Chinese officials extend Beijing trade talks

US and Chinese negotiators meeting this week in Beijing have agreed to extend trade talks until Wednesday, according to a spokesperson for the office of the US Trade Representative.

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Ondo governor approves second term inauguration committee

Ahead of his inauguration for the second term in office, Ondo State governor, Mr Rotimi Akeredolu, on Friday approved the setting up of a 25-member committee.
3. At least 27 police stations were incinerated last week in Lagos, after violence erupted across the commercial hub as a fallout of the military shooting of unarmed protesters in Lekki.

#EndSARS: Lagos government directs MDAs to forward list of destroyed properties

Sequel to the recent unrest in Lagos State which resulted in wanton destruction to some government properties, items, and valuables, the state government on Friday directed all Ministries, Departments and Agencies (MDAs) to send the list of all affected properties, items and other valuables in their domain.
Liberian President George Weah on Friday inaugurated a new national carrier for the West African country, named Lone Star Air, about 30 years after the country’s previous airline went bust.

Liberia launches new national carrier ‘Lone Star Air’

Liberian President George Weah on Friday inaugurated a new national carrier for the West African country, named Lone Star Air, about 30 years after the country’s previous airline went bust.
John Nkengasong, Africa's Director of the Centers for Disease Control (CDC), speaks during an interview with Reuters at the African Union (AU) Headquarters in Addis Ababa, Ethiopia March 11, 2020. REUTERS-Tiksa Negeri

Africa CDC warns of possible second wave of virus infection

The Africa Centres for Disease Control and Prevention (Africa CDC) on Friday urged the African continent to brace itself for possible second wave COVID-19 infections.
Ms Comfort Lamptey, UN Women Country Representative to Nigeria, gave the commendation during the launch of activities to commemorate the 20th anniversary of the UNSCR 1325 in Abuja.

UN lauds Nigeria for implementing programmes on women

The United Nations (UN) has commended the Federal Government on the implementation of its (UN) Security Council Resolutions (UNSCR) 1325 programmes on women, peace and security in Nigeria.