Category Archives: Production

US Jobless Benefit Claims Increased Again Last Week

U.S. unemployment benefit claims rose again last week, the Labor Department reported Thursday, as the surging number of coronavirus cases restricts many businesses throughout the world’s biggest economy. Seasonally adjusted, a total of 885,000 laid-off workers filed for jobless compensation

UN Raises $1.7 Billion for Mali, Niger, Burkina Faso

NEW YORK – The United Nations said Tuesday it has received preliminary pledges of about $1.7 billion for the central Sahel countries of Burkina Faso, Mali and Niger at a donors’ conference in Copenhagen. “This represents substantial success,” U.N. Humanitarian

Uganda’s ‘Taxi Divas’ Rise From Covid-19’s Economic Gloom

KAMPALA, UGANDA – The women grappled with each other inside the vehicle. The driver jerked to ease the grip around her neck, then turned to elbow her attacker in the back seat. She flung the door open to make her

UN Envoy Welcomes Transitional Government in Mali

NEW YORK – The U.N.’s top envoy for Mali said Thursday that “success is within reach” with the formation of a transitional civilian government and the lifting of crippling sanctions imposed by West African regional bloc, ECOWAS. “The transition stands

UN FAO Pledges $70 Million to Help Sudan Families

KHARTOUM, SUDAN – The United Nations Food and Agriculture Organization (FAO) has pledged $70 million to support 600,000 Sudanese families affected by severe flooding caused by record heavy rainfall this year. The FAO’s director of emergency response, Dominique Burgeon, told

Economists Urge New Economic System for South Sudan

JUBA/GENEVA — While some South Sudanese experts recommend the government adopt a new economic system used by developing states to cut off black market currency exchange and stabilize skyrocketing prices, a new U.N. panel report says the real problem in

Sudan Businesses Feel Pinch as Currency Devalues, Inflation Soars  

KHARTOUM – Sudan this month  declared an economic emergency  after the Sudanese pound lost 40  percent  of its value in one month and annual  inflation jumped to 167 percent.  Sudan’s transitional authorities have struggled to stabilize the currency,  the weakness of which helped fuel the protests

Japanese Ship Operator to Put $9.4M Toward Mauritius Oil Spill Recovery

The operator of a Japanese-owned bulk carrier that crashed into a reef in late July, causing a widespread oil spill in Mauritius, will pay at least $9.4 million over several years to fund environmental projects and support local fishing communities.

Japanese Ship Operator to Put $9.4M Toward Mauritius Oil Spill Recovery

The operator of a Japanese-owned bulk carrier that crashed into a reef in late July, causing a widespread oil spill in Mauritius, will pay at least $9.4 million over several years to fund environmental projects and support local fishing communities.

South Sudan, Sudan Address Economic Crises

JUBA / WASHINGTON – South Sudan’s central bank said Friday that it planned to ban the use of foreign currency nationwide to prevent further depreciation of the South Sudanese pound against the U.S. dollar after prices of food and other basic commodities