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A (Noble?) Experiment to Move Business Beyond Ideology
Last month I took Barack Obama to task for trying to turn a town hall meeting in China into an opportunity to promote his convictions about “universal rights.” At that time I tried to offer evidence that just about any concept of universality...
$310,000 Stolen From Foreign Exchange Office in Moscow
Police have said they are searching for three robbers who stole 9 million rubles ($310,000) from a foreign exchange office in Moscow, Russia. The three men broke into the foreign exchange office on Sunday morning and, threatening the cashier with a knife,...
Nigerian Envoy Puts Trade with China At $10 Billion Annually
The Nigerian ambassador to China, Mr Aminu Wali, has said that trade between the two countries is worth $10 billion annually, which he said is in favour of China. According to reports monitored in Lagos on Monday, Wali said in Beijing that the volume...
World Bank Says Future Funding to Kenya Will be Pegged to Good Governance
The World Bank disclosed on Wednesday that future funding to Kenya will be pegged on compliance to the tenets of good governance and urged the government to get rid of persistent high levels of corruption. Visiting World Bank, Vice President for Africa...Getting Out of the Hole, Or Digging It Deeper?
Yesterday I focused on the proposition that “irrationality knows no bounds.” Today’s news brings evidence that the same can be said about greed. (Resolving the question of whether or not greed is irrational is left as an exercise...
Somali Pirates Release Spanish Vessel After Rumored $4 Million Ransom
Somali pirates holding a Spanish fishing vessel since 2 October announced on Tuesday that they have released the ship after receiving $4 million as ransom, a Somali pirate said in Mogadishu. “We received our $4 million demand and at the moment we are...
Ethiopia Inaugurates Hydro Electric Project
Ethiopia has inaugurated a hydro electric project worth over $350 million that will generate 300 MW. Tekeze Hydro eclectic generation station was launched in the presence of Ethiopian PM Meles Zenawi. It is part of the three hydro electric projects that...
Indonesia Exports to Nigeria Reach Over $280 Million
The head of the Agro-product division of the Indonesian ministry of Trade, Bistok Gaol, told journalists on Friday at the ongoing Lagos International Trade Fair that exports from his country to Nigeria totaled $289.6 million while imports from Nigeria...
