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Nigeria
President Buhari Reiterates Commitment To Diversify Economy
BY ADEBAYO WAHEED, Ibadan President Muhammadu Buhari has reiterated the commitment of his administration to diversify the nation’s economy from its current dependence on oil and gas, using mining and agriculture sectors as viable options. The President while declaring open the 56th Annual International Conference and Exhibition of the Nigerian ...
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Cipro
Docs reveal business dealings by key figures in corruption affair involving Netanyahu associates
Documents show two figures in the so-called submarine affair were involved in businesses in Israel and Cyprus reliant on regulation, foreign relations
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USA
In Washington, ‘Free Trade’ Is No Longer Gospel
Like its predecessor, the Biden administration has largely dispensed with the idea of free trade as a goal in and of itself.
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Brasile
Brazil lifts SELIC benchmark rate with a 75 basis point hike
RIO DE JANEIRO, BRAZIL - Brazil’s central bank on Wednesday, March 17th, delivered its first interest rate hike in nearly six years with a 75 basis point hike to 2.75% as expected by some traders and flagged a similar increase in May to fight inflation even as the economy reels during ...
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Brasile
OECD study points to need to curb judicial inefficiency in Brazil
RIO DE JANEIRO, BRAZIL - Emerging from the current deep recession caused by covid-19 will call for a stronger productivity growth in Brazil, and reducing judicial inefficiency and uncertainty is key to boosting business activity in the country, suggests a study published by the Organization for Economic Cooperation and Development ...
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Brasile
With new record of covid-19 cases and restriction on trade in São Paulo, governor lowers company tax
RIO DE JANEIRO, BRAZIL - The target of protests last weekend and faced with the likelihood that even stricter restrictions will be implemented in the coming days due to the coronavirus pandemic, São Paulo governor João Doria focused on the state's productive sectors and on Wednesday, March 17th, announced tax ...
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Brasile
Brazil government estimates mid-year inflation peak of nearly 7%
RIO DE JANEIRO, BRAZIL - Economy Minister Paulo Guedes' calculations point that in June the National Wide Consumer Price Index (IPCA) will reach this year's peak. According to the Minister, official inflation will reach 6.7% in the period, and could be as high as 7%. The Economy head believes that ...
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Brasile
Mexico president threatens constitutional change if power bill struck down
RIO DE JANEIRO, BRAZIL - Mexican President Andres Manuel Lopez Obrador said on Wednesday, March 17th, he would send an initiative to Congress to reform the constitution if a new law to increase state influence over the electricity market is deemed unconstitutional. Last week, a judge temporarily suspended the government's ...
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Brasile
Brazil lowers import tariffs on capital goods, white goods by 10% – economy ministry
RIO DE JANEIRO, BRAZIL - Brazil is lowering import tariffs on almost 1,500 capital goods and white goods by 10%, the economy ministry said on Wednesday, March 17th, a measure aimed at reducing import costs and consumer prices and which will take effect later this month. The reduction will “lower ...
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USA
Fed: tassi fermi, ma inflazione al 2,4% a fine anno. Forte revisione al rialzo delle stime di crescita
La Banca centrale Usa non rivede il proprio orientamento anche se segnala una più rapida ripresa dell’attività per fine anno: +6,5% il pil, dal 4,2% previsto a dicembre, accompagnata da una fiammata dei prezzi.