LNG Chief to Head the Gas Exporting Countries Forum
Nigeria’s representative, Philip Mshelbila, Executive Director for Liquefied Natural Gas Production at Nigeria LNG, will assume the position of Secretary-General of the Gas Exporting Countries Forum (GECF) starting in January 2026, the Forum announced in a press release following its 27th ministerial meeting. The GECF also stated that itsContinue Reading
China Becomes Fourth-Largest Importer of Ethiopian Coffee
China has become the fourth-largest importer of Ethiopian coffee, up from seventh position two years ago, said Shafi Umer, deputy director general of the Ethiopian Coffee and Tea Authority. During the first quarter of Ethiopia’s current fiscal year, which began on July 8, the country exported about 9,470 tonnesContinue Reading
China Overtakes USA as Germany’s Largest Trading Partner in 2025
China has again overtaken the United States as Germany’s largest trading partner: in the first eight months of 2025, trade between Germany and China reached 163.4 billion euros, while Germany’s trade with the United States stood at 162.8 billion. Such data underscore changes in the structure of global trade: inContinue Reading
Heineken to Sell Less Beer in 2025 as Demand Falters
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
US Court Finds French Bank Complicit in Genocide in Sudan
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
AI Editor-in-Chief to Provide Media Support for Investors in Africa
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
IMF Raises Global Growth Forecast to 3.2 pct in 2025
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
MOFCOM Spokesperson’s Remarks on China’s Recent Economic and Trade Policies and Measures
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 Defends Rare Earth Export Controls, Urges US to Manage Differences via Dialogue
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
