Rwanda’s economy is expected to grow 5.1% this year after contracting 3.4% in 2020 as a result of the COVID-19 pandemic, a senior finance ministry official said on Wednesday. Tushabe Richard, minister of state in charge of the National Treasury, said growth would accelerate to 7.0% in 2022 then to an average of 7.8% across…
Iran’s hardline former president Mahmoud Ahmadinejad on Wednesday registered to run again in an election in June which is being seen as a test of the legitimacy of the country’s clerical rulers.Vilified in the West for his questioning of the Holocaust, Ahmadinejad had to step down in 2013 because of term limit rules, when incumbent…
Shares in aircraft components maker Montana Aerospace (AERO.S) soared nearly 18% on its debut on the Swiss bourse on Wednesday, giving it a higher-than-expected market capitalisation of about 1.4 billion Swiss francs ($1.5 billion).The Austrian-Swiss company, whose customers include Boeing (BA.N) and Airbus (AIR.PA), saw its shares rise to 30.60 Swiss francs ($33.16) in early…
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3f2vwbA * Taiwan stocks mark worst session since March 19, 2020 * Taiwan finmin steps in to calm equity markets * Philippine c.bank keeps rates at …
Progress in vaccinating the world against COVID-19 means the world’s economic recovery and demand for oil will outpace the output of top producers, the International Energy Agency (IEA) said on Wednesday”The anticipated supply growth through the rest of this year comes nowhere close to matching our forecast for significantly stronger demand beyond the second quarter,”…
Despite its standing as the world’s most vaccinated country, the 115-island archipelago Seychelles is seeing a dramatic resurgence in COVID-19 transmission, bringing its daily case rate to “a higher number of infections per capita than India,” The Wall Street Journal reports.To date, approximately 67 percent of Seychelles’ population is vaccinated — the majority of those…
Shad Sumrow, who practiced at Thompson & Knight for more than two decades and led its firmwide finance group, is taking his practice to fellow Texas firm Baker Botts. He joins Baker Botts as a partner in Dallas, the firm said Tuesday, touting his work on oil and gas and asset-based lending and structured finance…
The U.S. Senate voted on Tuesday to repeal a regulation introduced during former President Donald Trump’s administration that Democrats say allows predatory lenders to skirt state consumer protections.
The Biden administration has given final approval to the first major offshore wind energy project in the U.S. We look at the plans and some of the legal hurdles the industry faces.
A majority of shareholders at U.S. oil and gas producer ConocoPhillips (COP.N) on Tuesday voted in favor of setting emissions reduction targets that include the use of the company’s fuels.Few U.S. producers have set so-called Scope 3 targets, which take into account greenhouse gas emissions from customers using the fuel they have purchased, although their…
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