Covid19 North America 

Despite enormous deficit, Canada will pay less interest on debt this year than last

Here’s the bittersweet news about carrying a massive deficit during a pandemic: it’s cheaper to carry an enormous debt load in today’s economy than it was to carry a tiny debt load just a year ago. it’s about $4 billion cheaper. When federal Finance Minister Bill Morneau rolls out his fiscal “snapshot” early this afternoon to show how much the pandemic is costing us and how we will pay for it, much of the emphasis will be on why the federal government feels comfortable borrowing hundreds of billions of dollars…

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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…

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Covid19 North America 

John Bolton says he’d be happy to testify in Canada on Huawei exec’s extradition case

Of particular interest are revelations in which Bolton writes Trump connected Meng’s case to a potential U.S. trade deal with China. During an interview that aired Friday, Bolton rejected the idea that politics are involved in the case against Meng, which is based on fraud charges connected to her alleged violation of U.S. sanctions on Iran. “Look, the facts are what the facts are, and I think when you read the book it’s very clear what the purpose of the arrest was,” Bolton told the Canadian Broadcasting Corporation’s “The Current.”…

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Africa Education 

Unity Bank Partners Dynamiss to Boost Access to E-Learning in Nigeria

With Nigeria still uncertain of the school resumption due to the rapidly spreading COVID-19 pandemic across the country, the importance of e-Learning is more pronounced now more than ever. To this end, Unity Bank Plc has forged a collaborative partnership with Dynamiss, a digital learning solutions provider, to provide low-interest credits to schools to boost access to digital learning resources in Nigeria. Under the partnership, a full e-learning package comprising Microsoft School Portal, Discounted Airtel Data and Free Contents and Devices powered by Dynamiss will be supported with financing from…

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Africa Financial Services 

MONEY, PEOPLE & POWER: The 10 bank CEOs who control 80% of Uganda’s banking sector – CEO East Africa

1. Anne Juuko Chief Executive, Stanbic Bank 2019 Asset Value: UGX6.6 trillion Market Share: 20.2 per cent Industry Rank: 1 Stanbic Bank has maintained the top spot in the banking sector ever since the acquisition of a majority stake (80per cent) in Uganda Commercial Bank (UCB) back in 2001. Getting to the top spot was the easy bit – despite the politics around the acquisition. Remaining at the top, ahead of the chasing pack is where all credit is due to the bank shareholders and management that have given the…

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