Economy

China overtakes US as EU's biggest trading partner

China last year overtook the United States as the EU’s biggest trading partner, the EU statistics agency Eurostat said on Monday. Britain meanwhile, which is no longer part of the European Union, was the third-largest trading partner for the bloc, behind China and…
BrazilEconomy

Brazil leads the world ranking of credit card fraud

Brazil leads the world ranking of credit card fraud. According to the 2020 Annual Report of Online Criminal Activity in Brazil, prepared by the cybersecurity company Axur, the country has accumulated 45% of the total cases registered in the world in the last year. The…
BrazilEconomy

Mozambique: Vale to sell its coal mining operations in country

Vale, one of the main mining companies operating in Mozambique, will sell its coal operations in the country, the company announced on Thursday. Vale has signed a principle of understanding with partner Mitsui, “allowing both parties to structure Mitsui’s exit…
AngolaCape Verde

Pandemic increases Africa's debt to 70% of GDP

Covid-19 is expected to increase Africa’s debt to about 70% of the Gross Domestic Product (GDP), concludes a report presented Tuesday that considers the pandemic to be “an unprecedented threat” to financing the continent. “Covid-19 poses an…
EconomyWorld

Britain to host first G7 summit of Biden era in June

Britain will host a G7 summit in June, the government said Friday, announcing what will be the first face-to-face meeting of the group since the start of Joe Biden’s US presidency Outgoing US President Donald Trump was forced to cancel last year’s meeting…
SocietyWorld

UN agency warns of another bad year for airlines

The UN aviation agency on Friday predicted “prolonged depressed demand” for air travel and more financial woes forairlines, following a year of fewer flights and big losses blamed on the pandemic. Air travel plunged 60 percent in 2020 as nations closed…