BrazilEconomy

Mozambique: Vale to sell its coal mining operations in country

Vale, one of the main mining companies operating in Mozambique, will sell its coal operations in the country, the company announced on Thursday. Vale has signed a principle of understanding with partner Mitsui, “allowing both parties to structure Mitsui’s exit…
AngolaCape Verde

Pandemic increases Africa's debt to 70% of GDP

Covid-19 is expected to increase Africa’s debt to about 70% of the Gross Domestic Product (GDP), concludes a report presented Tuesday that considers the pandemic to be “an unprecedented threat” to financing the continent. “Covid-19 poses an…
EconomyWorld

Britain to host first G7 summit of Biden era in June

Britain will host a G7 summit in June, the government said Friday, announcing what will be the first face-to-face meeting of the group since the start of Joe Biden’s US presidency Outgoing US President Donald Trump was forced to cancel last year’s meeting…
SocietyWorld

UN agency warns of another bad year for airlines

The UN aviation agency on Friday predicted “prolonged depressed demand” for air travel and more financial woes forairlines, following a year of fewer flights and big losses blamed on the pandemic. Air travel plunged 60 percent in 2020 as nations closed…
EconomySociety

Mexico City plastic ban poses challenge for virus-hit firms

Mexico’s ban on single-use plastic in its capital, one of the world’s most populous metropolises, has delighted environmentalists but dismayed some businesses struggling to cope with the coronavirus pandemic. Home to around nine million people, Mexico City…
ChinaEconomy

Shanghai builds $900m hub in push to be eSports leader

China has begun building a $900 million facility it hopes will be the envy of eSports and seal its push to make Shanghai the global capital of the fast-growing professional gaming industry. The Shanghai International New Cultural and Creative E-sports Center is scheduled…
LifestyleWorld

Tesla delivered record number of cars in 2020

Tesla delivered a record number of cars in 2020, the company said, just narrowly missing its half a million target for the year. The pioneering high-end electric vehicle maker delivered 180,570 cars to customers and produced 179,757 in the fourth quarter of the year, it…