Post-Brexit trade talks called off because of virus

March 14, 2020

European Union negotiators will not travel to London next week for the second round of post-Brexit trade talks with the UK because of the coronavirus outbreak that is tightening its grip across Europe. In a joint statement, negotiating teams from both sides said they were looking at “alternative ways” of continuing the negotiations, including by […]

EU may need to extend deadline for trade talks with UK ― von der Leyen

December 27, 2019

The European Union may need to extend the deadline for talks about a new trade relationship with Britain, European Commission President Ursula von der Leyen told French daily Les Echos in an interview published on Friday. Von der Leyen said both sides needed to seriously think about whether there is enough time to negotiate a […]

European Union agrees to cut emissions to net zero by 2050

December 13, 2019

European Union agrees to cut emissions to net zero by 2050

The European Union agreed to cut its total emissions to net-zero by 2050 after ten hours of debates as Eastern European states demanded financial help to hit the target. EU member state was left out of the agreement: Poland. Poland has opposed the ambitious emissions plan, saying it will cost too much to implement. In October, Energy […]

Draghi ties Lagarde’s hands with promise of indefinite stimulus

Businessam StaffSeptember 12, 2019

European Central Bank chief Mario Draghi pledged indefinite stimulus on Thursday to revive an ailing euro zone economy, tying the hands of his successor for years to come and sparking an immediate conflict with U.S. President Donald Trump. As Draghi’s eight-year mandate nears its close, the ECB cut rates deeper into negative territory and promised […]

Lagarde clears key hurdle in becoming next ECB chief

Businessam StaffSeptember 4, 2019

Christine Lagarde took a major step towards becoming the European Central Bank’s next president on Wednesday, securing the backing of a European Parliament committee after pledging to keep policy loose while undertaking a broader strategy review. Lagarde, who is due to take over from Mario Draghi on Nov. 1, argued that persistently low inflation requires […]

Analyst predicts Boris Johnson becoming British prime minister will hurt  pound

June 6, 2019

The chief executive officer of deVere Group, one of the world’s largest  independent financial advisory firms with $12 billion under advisement,  is predicting that an emergence of Boris Johnson as the next prime  minister of the United Kingdom, will further hurt the British pound that’s already weak. The ruling Conservative Party in the UK is currently […]

UK car production almost halves as factories impose Brexit shutdown

May 30, 2019

U.K. car production in April fell by almost half as factories attempted to manage the uncertain impact of a March 29 Brexit. Ultimately the European Union (EU) granted the U.K. government a Brexit extension until the end of October, but manufacturers still ceased operations causing measured production to fall 44.5% for the month. The Society […]

Restructuring of Angola state oil company to fuel national production

May 13, 2019

By Jacob Ajakaiye, in Kano There is an indication that the on-going re-structuring taking place in Angola National Petroleum and Gas Agency (ANPG), is expected to fuel the national oil production mark of the country in the coming years. Angola is ranked second largest oil producing country in sub-Saharan Africa and an OPEC member with […]