Asia Covid19 

PA announces new lockdown on West Bank amid rising coronavirus cases

The resolution urges Berlin to use its special relations and contacts [to Jerusalem] to express to the Israelite government our concerns and our urgent demand to refrain from an annexation of parts of the West Bank and from the continued expansion of settlements, both of which contradict international law. Unilateral annexation of parts of the West could Jeopardize Israel’s identity as a Jewish and democratic state,as the resolution warns. The state prosecution ombudsman says there are no grounds to reexamine Attorney General Avichai Mandelblit’s role in the so-called Harpaz Affair,…

Read More
Australasia Covid19 

Australia is defeating coronavirus but remains at risk of losing through an ‘economic own goal’

If handling pandemics was a sport, Australia has made it into the knockout stages of the coronavirus world cup. Despite the current localised outbreaks in Melbourne, half of Australia’s states and both territories are effectively coronavirus free, while there’s only a smattering of cases elsewhere. Economically too, Australia is among the world leaders, thanks to continued demand for our major commodity exports plus large and rapid economic stimulus that has buttressed consumer spending and kept at least 3 million workers attached to their employers, even if those businesses were shut…

Read More
Africa Financial Services 

Ghana Cocoa Board, African Development Bank and financial partners celebrate first $200 million disbursement of loan to boost cocoa productivity in Ghana

Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer. The occasion was marked by a ceremony held in Accra, Ghana on Tuesday 23 June, followed online by hundreds of observers across the globe. In attendance were COCOBOD and government representatives and participating lenders, which included development finance institutions: the African Development Bank (https://www.AfDB.org/), the Japan International Cooperation Agency (JICA), the Development Bank of Southern Africa and Cassa Depositi e Prestiti Spa.…

Read More
Africa Covid19 Financial Services 

Nigeria likely to go into severe recession due to COVID-19, Oil price crash

The World Bank made this known in a statement in Abuja on Thursday as part of its latest Nigeria Development Update (NDU). The bank said the report indicated that Nigeria in Times of COVID-19: Laying Foundations for a Strong Recovery, estimated that the country’s economy would likely contract by 3.2 per cent in 2020. It stated that this projection assumed that the spread of COVID-19 in Nigeria would be contained by the third quarter of 2020. It however noted that If the spread of the virus became more severe, the…

Read More
Asia Covid19 North America 

South Korea has entered its 2nd wave of coronavirus. What can Canada learn?

Earlier this week, South Korea became the first country to officially announce a second wave of the novel coronavirus after a recent resurgence of cases. Jeong Eun-kyeong, director of the Korea Centers for Disease Control and Prevention, said during a briefing Monday the new wave stemmed from multiple nightclub visits during a holiday weekend in early May, and is concentrated in the greater Seoul region, an area which had previously seen few cases despite its dense population. “In the metropolitan area, we believe that the first wave was from March…

Read More