Dutch brewer Heineken (HEIN.AS), opens new tab warned on Wednesday its 2025 beer sales would fall as macroeconomic challenges worsened, further downgrading its volume guidance from the previous quarter for which it was punished. The world’s No. 2 brewer and its rivals have been battling to restore lacklustre volumeContinue Reading
A US jury has ruled that French bank BNP Paribas aided the government of former Sudanese president Omar al-Bashir in committing crimes against humanity, including genocide, by providing financial services that helped it evade sanctions, Reuters reported. A federal jury in Manhattan ordered BNP Paribas to pay a totalContinue Reading
The African Initiative news agency is ready to assist Russian companies in Africa by publicising their activities and helping new enterprises enter the continent. This was stated by the Editor-in-Chief of African Initiative Artem Kureev at the plenary session of the Russia-Africa Expo 2025. “I see that there isContinue Reading
The International Monetary Fund on Tuesday released its latest World Economic Outlook report, raising global growth forecast in 2025 to 3.2 percent, 0.2 percentage point higher from its July projection, and keeping the forecast for 2026 unchanged at 3.1 percent. (GSF)Continue Reading
Detailed remarks by China Ministry of Commerce (MOFCOM) Spokesperson during a question and answer session on China’s export control measures concerning rare earth at the Ministry’s headquarters in Beijing. (1) Q: On October 9, the Ministry of Commerce and the General Administration of Customs published an announcement on imposing export controlContinue Reading
China’s commerce ministry on Sunday defended the country’s export control measures on rare earths and related items as a legitimate action, while urging the United States to properly manage differences through dialogues and on the basis of mutual respect and equal-footed consultation. China, as a responsible major country, employs exportContinue Reading
Ethiopia has achieved its highest-ever export earnings, generating $8.3 billion in trade revenue—representing a 116% increase from the previous year, according to President Taye Atske-Selassie. President Taye announced during a joint session of Parliament on Monday to open the 2025/26 fiscal year. He said Ethiopia’s economy expanded by 9.2% duringContinue Reading
West African states intend to expand co-operation with Russia in the energy sector, including the implementation of projects in nuclear and hydropower. The statement was made by Chairman of the Board of Directors of First Atlantic Bank (Ghana) Amarquaye Armar during a panel discussion at the 2nd Creating theContinue Reading
China has called on the World Trade Organization (WTO) members to collectively safeguard and strengthen the rules-based multilateral trading system in order to tackle heightened trade turbulence, according to a Chinese envoy. The current global economic and trade situation continues to be “marked by increasing turbulence,” Li Yongjie, head ofContinue Reading
From 27 September, Aeroflot will resume regular flights from Moscow to the Seychelles, the airline’s press service reported. “Aeroflot, the Russian air carrier is resuming its direct flights from Moscow to the Seychelles and Sri Lanka ahead of the winter season,” the statement said. Flights to Mahé Island willContinue Reading
