Angola Financial News

White House on Monday defended President Joe Biden's decision to pardon his son, Hunter, and said the president believed his political opponents would have kept persecuting his son going forward. «They would continue to go after his son,» White House spokesperson Karine Jean-Pierre told reporters on Air Force One during a trip to Angola. Jean-Pierre said this was not the first time a president had pardoned a family member.

Subscribe to enjoy similar stories.India will continue to buy crude oil and cooking gas (liquefied petroleum gas or LPG) from Russia, even after the US’s one-month waiver of sanctions on such imports has expired, according to two people aware of the development.In early March, the US briefly waived sanctions on Russian oil and petroleum products that were already in transit, amid concerns over global supply disruptions linked to the West Asia war. The waiver will not be extended, US treasury secretary Scott Bessent said on Wednesday.The first person cited above said waiver on sanctions is the US’s prerogative, and India’s imports would not depend on it.

Four Indian state-run oil and gas companies are in talks to source cooking and natural gas from Angola's public-sector major Sonangol as the country faces a supply shortage following the closure of the Strait of Hormuz during the Iran war, said two people aware of the developments.Indian Oil Corp, Bharat Petroleum Corp. (BPCL), Hindustan Petroleum Corp.

legal challenges and debates over its impact.

natural cut and polished diamonds, thereby promoting value addition and boosting exports.

US Immigration and Customs Enforcement deported more than 270,000 people to 192 countries, including India, over a recent 12-month period, the highest annual tally in a decade, according to a report released Thursday that illustrates some of the financial and operational challenges that President-elect Donald Trump will face to carry out his pledge of mass deportations. ICE, the main government agency responsible for removing people in the country illegally, had 271,484 deportations in its fiscal year ended Sept 30, nearly double from 142,580 in the same period a year earlier. It was ICE's highest deportation count since 2014, when it removed 315,943 people. The highest it reached during Trump's first term in the White House was 267,258 in 2019. Increased deportation flights, including on weekends, and streamlined travel procedures for people sent to Guatemala, Honduras and El Salvador fuelled the increase, ICE said. The agency had its first large flight to China in six years and also had planes stop in Albania, Angola, Egypt, Georgia, Ghana, Guinea, India, Mauritania, Romania, Senegal, Tajikistan and Uzbekistan.

Lobito Corridor Trans-Africa Summit in Angola. The summit, held with leaders from Zambia, the Democratic Republic of the Congo, and Tanzania’s vice-president Philip Mpango, saw Biden closing his eyes and resting his hand on his face during Mpango’s speech. Though wearing an earpiece for translations, all speeches were in English.

President Joe Biden is finding ways to celebrate trains in the waning days of his presidency thousands of miles from home

President Joe Biden on Tuesday toured a slavery museum in Angola and inspected shackles and a whip, and he spoke of “our nation’s original sin."

Biden is finally making his long-promised visit to Africa this week, attempting to showcase a US-backed railway project in three countries that he has pushed as a new approach in countering some of China's global influence. Biden's first visit to the continent as president — which he left to the very end — will highlight the Lobito Corridor railway redevelopment in Zambia, Congo and Angola. It aims to advance US presence in a region rich in the critical minerals used in batteries for electric vehicles, electronic devices and clean energy technologies. That's a key field for US-China competition and China has a stranglehold on Africa's critical minerals.

President Joe Biden will make his long-awaited visit to Africa this week to showcase a U.S.-backed railway project that goes across three countries

The United Nations' food agency says months of drought in southern Africa triggered by the El Niño weather phenomenon have had a devastating impact on more than 27 million people and caused the region’s worst hunger crisis in decades

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

Zimbabwe, facing the worst drought in four decades, is set to cull 200 elephants to help feed its people, according to wildlife authorities. This decision follows a similar plan by neighbouring Namibia, which announced earlier this month that it would cull 160 wildlife animals, including 83 elephants, due to the severe drought affecting its population. The El Niño-induced drought has devastated southern Africa, leading both Zimbabwe and Namibia to declare states of emergency. The drought has directly impacted 68 million people in the region, resulting in severe food shortages and dire conditions. Tinashe Farawo, spokesperson for the Zimbabwe Parks and Wildlife Authority (Zimparks), told Reuters, “We can confirm that we are planning to cull about 200 elephants across the country. We are working on the details of how this will be carried out.” Farawo also confirmed that the elephant meat will be distributed to communities in Zimbabwe affected by the drought.

okada, and boda boda. They are transforming mobility in Africa. Behind the rise is a story of supply and demand.

As daily temperatures hit record highs across much of the South, a federal judge has taken an unusual step, challenging the treatment of mostly Black incarcerated workers in the fields

A federal judge has ordered Louisiana to take steps to protect the health and safety of incarcerated workers toiling in the fields of a former slave plantation

Stock market today: Balaxi Pharma shares witnessed strong buying interest among Indian stock market bulls. The small-cap pharma stock opened upside at ₹120.90 per share and touched an intraday high of ₹129.45 apiece, recording an intraday high of over 7 percent during Tuesday deals.

7.8%, taking the annual figure to a neck-turning 8.2%. Internationally, there is growing optimism that India is on the cusp of a long-awaited economic take-off, as evidenced by the recent revision in our sovereign-credit outlook from ‘stable’ to ‘positive’ by S&P Global Ratings, even if the actual credit rating remains barely investment grade (for now). While revising India’s GDP growth upwards by close to 2 percentage points for 2023-24, the International Monetary Fund’s (IMF) April 2024 World Economic Outlook alludes to the robustness of growth expected in 2024 and 2025 as “reflecting continuing strength in domestic demand and a rising working-age population." It may be tempting to conclude from all this that India has reached what development economist W.W.

The United Nations over the last decade has logged an increasing number of crew members abandoned by shipowners around the world

The world’s nations finished a round of negotiations early Tuesday on a treaty to end plastic pollution and made more progress than they have in three prior meetings