Category Archives: Business

World Bank Says Zimbabwe’s Economy on Recovery Path

In a report this month, the World Bank predicts Zimbabwe’s economy will grow 3.9% this year even as the country sees an alarming rise in poverty levels, especially in urban areas. The report says a record 7.9 million Zimbabweans are “extremely” poor, e…

Tigray Families Displaced by War, Economic and Social Crisis

Hundreds of displaced families trampled down the stairs carrying stained mattresses, logs and kindling for cooking and sacks of clothing and food. The families, more than 5,000 people in all, had fled battles in the northern Tigray region to Shire, a…

World Bank Pauses Mali Payments After Coup as Leader Warns Against Sanctions

The World Bank said on Friday it had temporarily paused payments to operations in Mali following a military coup, while the man expected to become the new prime minister warned sanctions would only complicate the country’s crisis.The World Bank’s actio…

Biden Touts Economic Benefits of Combating Climate Change

U.S. President Joe Biden joined business and union leaders Friday in touting the economic benefits of addressing global warming when he delivered remarks from the White House on the last day of a two-day virtual climate change summit.“When we invest in…

Job Losses Loom in Kenya’s Tea Industry as Workers Compete with Machines???

A group of women pick tea leaves at a plantation in Kenya’s tea belt in the Rift Valley, where harvesting has traditionally been done by hand. This labor-intensive practice is said to ensure the region produces the high-quality tea that is among the co…

Worldwide Major Arms Sales Remain Flat but Middle East Increases Imports

International deliveries of arms were flat in the period from 2016 to 2020, ending more than a decade of increases, the Stockholm International Peace Research Institute (SIPRI) said in a report on Monday.The United States, France and Germany, three of …