Breaking news and insights at nigerianewsservice.com
The China Civil Engineering Construction Corp (CCECC) is investing over $1.4 billion to modernize the TAZARA railway line connecting Zambia’s copper mines to Tanzania’s main port. This project aims to …
China to Invest Over $1.4 Billion in Modernizing TAZARA Railway Read More
Jio Financial Services has preliminarily partnered with Allianz SE to create an insurance business in India. This follows Allianz’s sale of a stake in Bajaj Finserv. Discussions regarding ownership structure …
Jio Financial and Allianz SE Collaborate for New Insurance Venture in India Read More
Brazil’s Central Bank has raised its benchmark interest rate to 14.25% for the third consecutive time to combat inflation amid rising consumer prices. Following substantial government spending and a strong …
Brazil’s Central Bank Increases Interest Rate to Address Inflation Challenges Read More
Colombia’s Energy Minister Edwin Palma proposed reallocating government debt to power distributors to higher-income households and companies to avoid utility closures. This plan requires congressional approval after lawmakers failed to …
Colombia Advocates Electricity Debt Shift to Mitigate Utility Risks Read More
Argentina’s economy expanded for a second consecutive quarter under President Javier Milei, with GDP growth of 1.4% in Q4 2024 and 2.1% year-on-year. A new IMF agreement is expected, aimed …
Argentina’s Economic Growth Continues as New IMF Agreement Approaches Read More
Argentina’s Congress approved President Javier Milei’s decree for a new IMF deal, allowing further negotiations on essential economic measures. Lawmakers voted 129-108 in favor, emphasizing the urgency of addressing Argentina’s …
Congress Approves Milei’s Decree Supporting New IMF Deal for Argentina Read More
A possible meeting between Vladimir Putin and Donald Trump in Saudi Arabia is being discussed, aimed at negotiations for a ceasefire in Ukraine. While US officials express optimism, the Kremlin …
Potential Trump-Putin Meeting in Saudi Arabia Amid Ukraine Ceasefire Talks Read More
Cyclone Jude has killed 17 people and injured over 130 across East Africa, displacing thousands and affecting 400,000 individuals. Critical infrastructure has been destroyed, particularly in Mozambique and Madagascar, with …
Devastation from Cyclone Jude Claims 17 Lives in East Africa Read More
Codelco, the largest copper producer in the world, is exploring the adoption of I-Pulse Inc.’s pulsed power technology to improve mining efficiencies. Executive chairman Maximo Pacheco acknowledges the strengthening relationship …
Codelco Considers I-Pulse Technology to Enhance Mining Efficiencies Read More
Ecuador’s Petroamazonas has declared force majeure on the SOTE pipeline after a landslide caused an oil spill, affecting crude exports to Shell Plc. The spill has contaminated the Esmeraldas River, …
Ecuador’s Petroamazonas Declares Force Majeure on SOTE Pipeline After Oil Spill Read More