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US Fines Standard Chartered Bank $18 Million for Busting Zimbabwe Sanctions

HARARE - The United States of America has slapped global banking powerhouse, Standard Chartered Bank plc with a US$18 million fine for busting sanctions imposed on several...

Alexey Navalny Death Sparks Investigation Call

United Nations Secretary-General Antonio Guterres expressed profound dismay on Friday over the reported passing of incarcerated Russian opposition figure Alexey Navalny and urged for...

Global Economy Dangerously Close to a Recession: World Bank

The global economy is "dangerously close" to a recession, as inflation remains elevated, interest rates rise, and a growing debt burden hits the developing...

AfDB Commits US$20m for African SMEs

ABIDJAN - The African Development Bank (AfDB) has approved a US$20 million equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by Uhuru Partners Limited, a...

Cross-Border Oil Sector Training Pact Inked by Iran and Iraq

Iran and Iraq have officially inked a Memorandum of Understanding (MoU) focused on enriching the skill sets of workers within the oil sector, as...