Outgoing U.S. President Joe Biden on Tuesday, announced a ban on Chinese and Russian technology in vehicles, citing national security concerns. The new regulations will prevent the sale and import of connected vehicle hardware and software systems, as well as completed connected vehicles, from China and Russia. This is according to a White House statement…
President William Ruto said Kenya has started discussions with the United Arab Emirates to secure financing to complete a regional railway after China cut infrastructure funding to the project. The railway connecting the Kenyan port of Mombasa with landlocked neighbours, as part of China’s Belt and Road Initiative, ended in the Rift Valley in 2019,…
Russian Foreign Minister Sergei Lavrov on Tuesday accused the United States of attempting to disrupt the TurkStream gas pipeline to Europe with the aid of attacks by Ukrainian drones. Lavrov said this in Moscow on Tuesday. The U.S. was pushing its “Ukrainian clients’’ to put TurkStream out of action following what he saw it as…
United Nations Deputy Secretary-General, Ms Amina Mohammed, has called for Nationally Determined Contributions (NDCs) to ensure the safety of the planet and people globally. This is contained in a statement by Dr Oluseyi Soremekun, National Information Officer, UN Information Centre (UNIC), on Tuesday in Abuja. The statement said that Mohammed made the call during her…
The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened six pips to 7.1885 against the dollar on Monday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate…
Boeing International Corporation says it is ready to assist airlines in Nigeria in accessing adequate aircraft insurance coverage through partnership with buoyant lessors and global financiers. Mr Moore Ibekwe, Boeing Sales Director, Africa Region Commercial Airlines, disclosed this in Dublin, Ireland during the startoff meeting of the “Boeing Lessor Forum“ scheduled to hold from Jan….
Egypt is stepping up diplomatic engagement with African nations as it seeks to bolster security in the strategically vital Horn of Africa and Red Sea region. Ongoing conflicts in the region have sharply cut into Egypt’s crucial Suez Canal revenues. The diplomatic effort comes as Egypt grapples with a 60 per cent drop in canal…
Sao Tome and Principe’s President Carlos Vila Nova issued a presidential decree on Sunday appointing Americo D’Oliveira dos Ramos as the country’s new prime minister. Before the appointment, Americo Ramos served as the governor of the country’s central bank. This decision followed the resignation of former Prime Minister Ilza Amado Vaz, who submitted her resignation…
Director-General of Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, has arrived in China, as part of commitments to strengthening the bilateral trade between the two countries. Tegbe, in a statement made available to the News Agency of Nigeria (NAN) on Sunday in Abuja, described the business trip as a significant step to furthering the comprehensive strategic…
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened three pips to 7.1879 against the on dollar Tuesday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate…
