OUR NEWS

October 1, 2019

The Irishman set to take over as the European Union’s top trade official on Monday urged the United States not to launch an economically damaging tariff war with the bloc over subsidies to Airbus and Boeing.

The World Trade Organization ruled in May that Europe illegally subsidized Airbus, hurting U.S. competitor Boeing. The WTO is set shortly to allow President Donald Trump to slap tariffs worth billions of euros on European product...

September 23, 2019

Niger has started construction on an oil pipeline that will link it to the coast through West African neighbor Benin, a project that Niger’s president said will bolster the country’s economic development.

President Issoufou Mahamadou called the 1,982 kilometer-long pipeline one of Niger’s most important projects since independence and an important step in the Sahel nation’s oil production. Nearly two-thirds, just under 1,300 kilomete...

August 16, 2019

Israel has barred two U.S. Congresswomen from entering the country on a planned visit because of their support for a Palestinian-led boycott movement.

The move to prohibit Democrat Reps. Rashida Tlaib of Michigan and Ilhan Omar of Minnesota appeared to be unprecedented and followed public pressure from President Donald Trump who tweeted that it would "show great weakness" to allow them in.


It marked a deep foray by Israel into Americ...

July 10, 2019

 Boeing’s campaign to restore the reputation of its best-selling plane after two deadly crashes suffered a blow with a Saudi airline canceling an order worth up to $5.9 billion in favor of a European rival of the U.S. manufacturer.

Flyadeal, the budget airline arm of Saudi Arabian Airlines Corp., ordered 30 A320neo jets from Airbus and took options on 20 more, meaning that its entire fleet will consist of planes from that company.

It’...

Several African heads of state gathered in Niger’s capital Sunday to launch a continentwide free trade area that represents an estimated market of $3.4 trillion.

The African Continental Free Trade Area aims to create a single unified market for the continent’s 1.3 billion people and to boost economic development.

Plans for the free trade zone received a boost last week when Africa’s largest economy, Nigeria, became the 25th country to...

June 21, 2019

 South Africa’s president declared Thursday the country’s struggling state-owned power utility Eskom “cannot be allowed to fail” and said he wants more funding to keep it afloat after its cash runs out in October.

President Cyril Ramaphosa in his first State of the Nation address since last month’s election acknowledged “enormous and severe challenges” including the economy’s sharpest decline in a decade.

That first-quarter drop of 3....

PARIS (AP) — Workers at the world’s biggest Nutella factory have removed picket lines and are back at work after production was brought to a near standstill for more than a week over a dispute on salaries.

Ferrero, the owner of the hugely popular hazelnut and chocolate spread, said Wednesday that access to the factory was reopened overnight and that “normal activity” had resumed at the site.

Though exact details of why the blockade ha...

A growing number of Kenyan farmers are turning to silk production, in a move away from traditional cash crops such as coffee, maize, sugarcane and cotton.

The rearing of silkworms is seen as less affected by a changing climate that has hurt some traditional crops in the East African nation because the mulberry trees silkworms feed on are relatively drought-resistant.

“Production is lowering in China. It is more or less completely redu...

BRUSSELS (AP) — The European Union is rejecting claims that Europe’s car exports pose a threat to the United States after U.S. Commerce Secretary Wilbur Ross ruled that imported vehicles and parts imperil national security.

European Commission spokesman Margaritis Schinas said Monday that “the EU and the U.S. are security partners (so) neither U.S. nor European products can represent a security threat to the other side.”

U.S. Presiden...

LONDON (AP) — Honda has confirmed its western England car factory, which employs 3,500 people, will close in 2021.

The Japanese carmaker announced Monday that the Swindon plant will shut in two years, “at the end of the current model’s production life cycle.”

Honda makes its popular Civic model at the factory, 70 miles (115 kms) west of London.

Reports of the closure first emerged in February, heightening concerns about the impact of B...

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