New Vaccine Plant in Senegal Gets 75 Million Euros From EIB

DAKAR, June 2 (Reuters) - The European Investment Bank (EIB) committed 75 million euros ($80 million) on Thursday to finance construction of a new facility in Senegal that will produce COVID-19 and other vaccines for use across Africa. The plant, run by the Paris-based Institut Pasteur, is intended to help Africa reduce its dependence on…

ByReutersJune 2, 2022

International

Germany To End Russian Oil Imports

BRUSSELS, May 31 (Reuters) - Germany is sticking to its goal of becoming independent from Russian oil imports by the end of the year, German Chancellor Olaf Scholz said on Tuesday, adding that options on how to handle the Schwedt refinery are still to be determined. Asked whether a nationalization of the Schwedt refinery was…

BySabine Siebold, ReutersJune 1, 2022

International

Russia Will See Economic Stress In The Future

By Jake Cordell LONDON, May 30 (Reuters) - For Oleg Kechin, owner of a chain of barbershops, forecasts that Russia will be plunged into its deepest economic crisis in a generation feel overdone. U.S. President Joe Biden may have promised that Western sanctions would wreak economic havoc in Russia, but Kechin's business is still drawing…

ByJake Cordell, ReutersMay 30, 2022

International

Nike Not Renewing Franchise Agreements In Russia

May 25 (Reuters) - U.S. sportswear maker Nike has not renewed agreements with its largest franchisee in Russia, the Vedomosti daily reported on Wednesday, marking the latest exit by a major U.S. brand since Russian forces entered Ukraine in February. On Monday, Starbucks Corp said it was pulling out of Russia and McDonald's trademark "Golden…

ByReutersMay 26, 2022

International

How The EU Plans To Quit Russian Fossil Fuels

May 18 (Reuters) - The European Union published plans on Wednesday to end its reliance on Russian gas, oil and coal by 2027, laying out measures to expand renewable energy faster, save more energy and hike imports of non-Russian fuels. Read full story Gas heats homes, produces electricity and powers factories across Europe. The EU is gradually weaning…

ByKate Abnett, ReutersMay 19, 2022

International

Many Afghan Women Pushing Back Against Taliban Orders To Cover Up

KABUL, May 11 (Reuters) - Many women in the Afghan capital are delaying a return to fully covering their faces in public in defiance of orders from Islamist Taliban rulers, others are staying at home and some have been wearing COVID-19 face masks anyway. The Taliban, who swept back to power as the government collapsed, on Saturday…

ByReutersMay 12, 2022

International

Ukraine Pushes Russian Forces Back, Restricts Gas Flow To Europe

KYIV/VILHIVKA, Ukraine, May 11 (Reuters) - Ukrainian forces reported battlefield gains on Wednesday in a counterattack that could signal a shift in the momentum of the war, while Kyiv shut gas flows on a route through Russian-held territory, raising the specter of an energy crisis in Europe. Following days of advances north and east of the second…

ByReutersMay 11, 2022

International

U.S. Companies Can Help Rebuild Ukraine, Head of Export-Import Bank Says

WASHINGTON, April 21 (Reuters) - U.S. companies can help rebuild Ukraine with digital infrastructure, clean energy and more in the aftermath of Russia's invasion, U.S. Export-Import Bank President Reta Jo Lewis said on Thursday before a meeting with Ukraine finance officials. "We want Ukraine to win. That's why we're doing everything we can to help Ukraine defend its sovereignty and territorial integrity,…

ByReutersApril 22, 2022

International Markets

Ukraine Produced a Lot of Grain – Can Farmers Elsewhere Replace the Crops Lost to War?

Ukraine and Russia produce a substantial amount of grain and other food for export. Ukraine alone produces a whopping 6% of all food calories traded in the international market. At least it used to, before it was invaded by the world’s largest nuclear power. Russia, meanwhile, is the world’s largest exporter of wheat, providing more than…

ByReutersApril 19, 2022

International

What Drives Chinese Migrants to Ghana: It’s Not Just an Economic Decision

Over the past two decades, there have been many debates about China’s growing engagement in Africa. In these discussions, the more than one million Chinese expatriates, business people and labourers who come and work in Africa are often seen only as a byproduct of an overall “outbound” China. And they are often studied as isolated…

ByReutersApril 9, 2022

Sign Up to Our Newsletter