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Indian PM Modi highlights interest in Guyana's oil
Indian PM Modi highlights interest in Guyana's oil
by  AFP

Visiting Indian Prime Minister Narendra Modi said Thursday his country is interested in oil from Guyana, the small South American nation with the world's highest per capita crude reserves. Guyana, which sits on the northeast coast of South America and borders Venezuela, produces just over 600,000 barrels per day of crude oil but aims to double this by 2030.

Volkswagen workers head towards strikes from December
Volkswagen workers head towards strikes from December
by  AFP

Volkswagen workers in Germany took a step closer to strike action on Thursday, after unions and management met for the third round of talks over the ailing carmaker's drastic cost-cutting plans. Union negotiator Thorsten Groeger told reporters after the talks that the management side had agreed to evaluate the plans and continue talks "on this basis".

UK sanctions Angola's Isabel dos Santos in graft crackdown
UK sanctions Angola's Isabel dos Santos in graft crackdown
by  AFP

The UK government on Thursday announced sanctions on Angola's Isabel dos Santos, the billionaire businesswoman and daughter of the country's former president, as part of a new anti-corruption drive. The Conservative government of Boris Johnson announced the first sanctions under its new global anti-corruption regime in 2021.

Sales of existing US homes rise in October
Sales of existing US homes rise in October
by  AFP

Sales of previously owned homes in the United States picked up in October, industry data showed Thursday, fueling hopes that a slump in the sector may be ending. A key reason that home sales stalled in recent times is that homeowners have been reluctant to enter the market and sell their properties, as they had locked in lower mortgage rates previously.

South Sudan rejects 'malicious' report on Kiir family businesses
South Sudan rejects 'malicious' report on Kiir family businesses
by  AFP

South Sudan on Thursday rejected claims by a US-based watchdog that President Salva Kiir's family had built up a vast corporate empire in one of the world's poorest countries. South Sudan is one of the poorest countries on the planet and ranks 177 out of 180 countries on Transparency International's corruption perceptions index.

Kenya scraps Adani deals as Ruto attempts to reset presidency
Kenya scraps Adani deals as Ruto attempts to reset presidency
by  AFP

Kenyan President William Ruto sought Thursday to turn the page on a difficult year, cancelling controversial deals with India's Adani Group and vowing to tackle corruption, police kidnappings and gender-based violence. He also addressed gender-based violence after reports that 97 women have been murdered in the last three months alone.

S.Africa central bank cuts interest rate to 7.75 percent
S.Africa central bank cuts interest rate to 7.75 percent
by  AFP

South Africa's central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.75 percent, adopting caution amid mixed data and global uncertainty. "I think 25 basis points is cautious, and the environment is uncertain, and it calls for caution," he said.