World

BRICS Competition Law Centre and China Partner to Develop BRICS Commodities Exchange

BRICS Competition Law Centre and China Partner to Develop BRICS Commodities Exchange

The BRICS Competition Law and Policy Centre and China’s Center for Competition Policy and Expertise of the State Administration for Market Regulation (SAMR) have announced a strategic collaboration to develop a BRICS commodities exchange system. The agreement was formalized on the sidelines of the 2024 National Fair Competition Conference of China. Alexei Ivanov, Director of the BRICS Competition Law and Policy Centre, highlighted the significance of the collaboration. “It is symbolic that two years after the agreement between Russia and China on antitrust enforcement and competition policy, we are now finalizing a memorandum of expert cooperation during Russia’s BRICS presidency,”…
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Coca-Cola Invests $25 Million in African Water Initiative

Coca-Cola Invests $25 Million in African Water Initiative

The Coca-Cola Company, alongside its bottling partners Coca-Cola Beverages Africa (CCBA), Equatorial Coca-Cola Bottling Company (ECCBC), and Coca-Cola HBC, has unveiled a significant $25 million investment aimed at addressing critical water challenges across 20 African countries. The initiative, named ‘The Coca-Cola System’s Africa Water Stewardship Initiative,’ will span from this year through 2030. The announcement, made in Cape Town, was supported by a coalition of partners including Global Water Challenge (GWC), The Nature Conservancy (TNC), the International Union for Conservation of Nature (IUCN), and the World Wildlife Fund (WWF). This comprehensive effort will target water insecurity and aim to enhance…
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Hezbollah and Israel Exchange Fire Amid Deadly Attack on Lebanon Rescuers

Hezbollah and Israel Exchange Fire Amid Deadly Attack on Lebanon Rescuers

Hezbollah fighters in Lebanon and Israeli forces exchanged cross-border attacks early Sunday, following an Israeli strike that killed three Lebanese rescuers. The Lebanese Health Ministry reported the deaths of the emergency responders on Saturday after an Israeli attack on the village of Froun in southern Lebanon. In response, Hezbollah said it launched a barrage of Falaq rockets at the northern Israeli town of Kiryat Shmona early Sunday, citing retaliation for the attack on the rescuers. The Israeli military responded with airstrikes targeting Hezbollah military structures in southern and eastern Lebanon. Additionally, Hezbollah reported firing rockets at the Israeli community of…
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Venezuelan Opposition Candidate Seeks Asylum in Spain

Venezuelan Opposition Candidate Seeks Asylum in Spain

The Venezuelan government announced Saturday that opposition candidate Edmundo Gonzalez Urrutia, who challenged President Nicolas Maduro’s disputed reelection on July 28, has fled the country to seek asylum in Spain. Gonzalez Urrutia had been in hiding for a month, evading three summons from prosecutors, fearing arrest if he attended. After taking refuge at the Spanish embassy in Caracas, Gonzalez Urrutia requested political asylum from the Spanish government. Venezuela’s vice president confirmed his safe passage, stating that Caracas had agreed to let him leave. Spanish Foreign Minister Jose Manuel Albares, through a post on social media, confirmed that Gonzalez Urrutia departed…
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US – Ghana Sign a Nuclear Energy Agreement

US – Ghana Sign a Nuclear Energy Agreement

At the U.S.-Africa Nuclear Energy Summit in Nairobi, Kenya, a significant milestone was reached in civil nuclear cooperation between the United States and Ghana. Under Secretary of State for Arms Control and International Security, Bonnie Jenkins, joined by U.S. Department of Energy Deputy Assistant Secretary Aleshia Duncan, Ghana's Deputy Minister of Energy Collins Adomako-Mensah, and Ghana Ministry of Energy Chief Director Wilhelmina Asamoah, witnessed the signing of a commercial agreement between Nuclear Power Ghana (NPG) and Regnum Technology Group. This agreement marks a pivotal advancement in the collaboration between U.S. and Ghanaian civil nuclear industries. The agreement centers on a…
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How Blockchain Is Reshaping the Travel and Tourism Industry

How Blockchain Is Reshaping the Travel and Tourism Industry

Tourism has become increasingly interactive with the advent of the Internet, allowing travelers to easily search for and create their own trips without the need for a traditional travel agency. This has greatly improved the overall tourism experience. But now, blockchain technology is poised to revolutionize the travel industry, fundamentally altering the travel customer journey. Over the past decade, several tech powerhouses have radically reshaped how we experience accommodation, transportation and tourism experiences. Those have sparked a revolution by prioritizing cutting-edge app development and assembling top-tier tech talent. These companies have proven that technology isn’t just a tool but a…
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Japan: SteelWatch Criticizes Nippon Steel’s $1.08 Billion Investment in Australian Coal Mine

Japan: SteelWatch Criticizes Nippon Steel’s $1.08 Billion Investment in Australian Coal Mine

International climate organization SteelWatch has condemned Nippon Steel and JFE Steel's joint investment of USD $1.08 billion in Whitehaven Coal’s Blackwater coal mine in Australia, calling it a significant setback for global climate efforts. The investment has drawn sharp criticism from environmental advocates, particularly in light of Nippon Steel's stated goal of becoming a zero-emissions steel company by 2050. "Nippon Steel wants us to believe that it will be a zero-emissions steel company by 2050, but it is relying on unworkable technology and expanding its use of coal, claiming it needs 'high-quality coal,'" said Toko Tomita, SteelWatch's Campaigns Director. "Choosing…
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Comoros Set to Become WTO’s Newest Member as 30-Day Countdown Begins

Comoros Set to Become WTO’s Newest Member as 30-Day Countdown Begins

The 30-day countdown to Comoros's membership in the World Trade Organization (WTO) officially commenced on July 22, 2024, following a significant milestone in the island nation’s economic integration. Ambassador Sultan Chouzour of Comoros handed over the country’s instrument of acceptance for the Protocol of Accession to WTO Director-General Ngozi Okonjo-Iweala during a meeting of the General Council, signaling the final step towards full membership. During the same event, Comoros also submitted its instrument of acceptance for the WTO’s Agreement on Fisheries Subsidies, increasing the total number of acceptances of the Agreement to 82. This dual submission underscores Comoros's commitment to…
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WHO declares mpox outbreak a public health emergency of international concern

WHO declares mpox outbreak a public health emergency of international concern

WHO Director-General Dr Tedros Adhanom Ghebreyesus has determined that the upsurge of mpox in the Democratic Republic of the Congo (DRC) and a growing number of countries in Africa constitutes a public health emergency of international concern (PHEIC) under the International Health Regulations (2005) (IHR). Dr Tedros’s declaration came on the advice of an IHR Emergency Committee of independent experts who met earlier in the day to review data presented by experts from WHO and affected countries. The Committee informed the Director-General that it considers the upsurge of mpox to be a PHEIC, with potential to spread further across countries…
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Nordic Foreign Ministers to Visit Nigeria and Ghana for High-Level Talks

Nordic Foreign Ministers to Visit Nigeria and Ghana for High-Level Talks

Sweden’s Minister for Foreign Affairs, Tobias Billström, alongside other Nordic foreign ministers, is set to visit Nigeria and Ghana as part of Sweden's Presidency of the Nordic Council of Ministers (N5). This informal cooperation format focuses on foreign and security policy among the Nordic countries. During the visit, the ministers will engage in discussions on global security, multilateral cooperation, and ways to boost trade and investment between the Nordic countries and West Africa. Minister Billström emphasized the significance of the trip, noting the historical and cultural ties between the Nordic nations and their shared commitment to foreign and security policy.…
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