Dilemma X

Nicaragua plans a behemoth canal undertaking Marc Koch Deutsche Welle Nicaragua wants to connect the Atlantic and Pacific oceans with a $30 billion canal that it is hoped will lift the Central American country out of poverty. But it remains unclear who will foot the bill. Whenever Nicaraguan heads of government have the feeling they […]

Angola helps out Portugal The former colony has become an unexpected source of jobs and investment for Portugal in the global downturn by Augusta Conchiglia Le Monde Angola is Sub-Saharan Africa’s third largest economy, after South Africa and Nigeria. It is already one of Africa’s biggest oil producers, with an average output of 1.8m barrels […]

Singapore tightens rules for foreign workers’ families By Andrea Tan Bloomberg Singapore is imposing stricter rules for families of foreigners working in the city-state and tightening its immigration policies after public disquiet over the influx of workers from overseas. From Sept. 1, foreign workers must earn at least S$4,000 ($3,150) a month compared with the […]

Angola and China’s Eximbank signed loan agreements valued at more than 500 million dollars AFP Angola and China’s Eximbank on Saturday signed 17 loan agreements valued at more than 500 million dollars to finance various post-war reconstruction projects, the finance minister said. Angolan Minister of Finance, Carlos Alberto Lopes, told AFP the loan deal would […]

Japan and China to start direct currency trading By Peter Brieger | AFP  Japan and China said Tuesday they will start direct currency trading this week, marking the first time Beijing has let a major unit other than the dollar swap with the yuan. The move, which will scrap the US currency as an intermediary […]

Africa GDP seen rising By Duncan Miriri | Reuters ARUSHA, Tanzania  – Africa’s economy will expand 4.5 percent this year before accelerating to 4.8 percent in 2013, the African Development Bank said on Monday though it warned the festering euro zone crisis may hurt demand for African exports. AfDB said Africa’s economy grew 3.4 percent […]

Times-Picayune to cut paper to 3 days a week The Times-Picayune to cut print papers to 3 days a week amid industry’s digital age struggles By Cain Burdeau Associated Press NEW ORLEANS — The Times-Picayune, one of the nation’s oldest newspapers, will no longer offer print editions seven days a week and instead plans to […]

Facebook stock opens as investors flock to get shares The history-making Facebook stock market debut opened with initial heavy volume of 82 million shares in the first 30 seconds.   By: Jeff Cox CNBC.com Senior Writer   After an attention-grabbing half-hour delay, Facebook’s history-making stock market debut saw the company’s shares seesaw through early trading […]

10 Jobs That Didn’t Exist 10 Years Ago Meghan Casserly Forbes Employment trend watchers have been pinpointing the sectors where jobs are anticipated to increase forever—every five years the BLS projects its own outlook and sites like our list what’s become old news: that careers in a handful of sectors (most linked to technology, a […]

China Daily to publish African edition as Beijing strengthens voice abroad State-owned English-language newspaper that claims an independent editorial policy ‘to introduce China to the world’ David Smith The Guardian China’s biggest English-language newspaper is to publish a weekly African edition with bureaux in at least two countries on the continent. The African operation of […]