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Green bonds offer hope, and risk, in Africa's climate fight
Green bonds offer hope, and risk, in Africa's climate fight
Economy
by  AFP

It only took two days for Nigeria to raise $59 million through green bonds -- part of a funding drive for climate and environmental projects in a nation still hooked on oil. Green bonds are similar to sovereign bonds: Investors are paid interest on what is essentially a loan to the government, but in this case the money funds environmentally friendly projects.

Stocks climb, dollar holds on trade hopes and rate bets
Stocks climb, dollar holds on trade hopes and rate bets
Economy
by  AFP

Asian markets rose Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts. Traders are now fully expecting two rate cuts this year, while there was a pick-up in bets on a third, according to Bloomberg News.

US Treasury signals G7 deal excluding US firms from some taxes
US Treasury signals G7 deal excluding US firms from some taxes
Economy
by  AFP

US Treasury Secretary Scott Bessent signaled Thursday that a deal is forthcoming among G7 nations allowing US firms to be excluded from certain taxes imposed by other countries. Section 899 has been dubbed a "revenge tax," allowing the government to impose levies on firms with foreign owners and on investors from countries deemed to impose unfair taxes on US businesses.