Tag Archives: US

US: Latest News

  • Egypt Cancels Wheat Tender As U.S. Prices Too High To Compete

    By Bloomberg Africa, 8:30 am

    Egypt, which got a $100 million credit line from the U.S. to purchase American wheat, said it canceled a tender to buy the grain Wednesday because prices were too high.

    The U.S. wheat offered by companies including Cargill Inc. and Bunge Ltd. was “much higher than world prices,” said Mamdouh Abdel Fattah, vice chairman of the state-run General Authority for Supply Commodities. Egypt, the world’s largest wheat importer, hasn’t bought U.S. grain

  • 15 Things You Didn’t Know About Cuba’s Relationship With The World

    By Keren Mikva, 1:50 pm AFKI Original

    Foreign investment in Cuba has actually decreased in recent years despite President Raúl Castro’s incentives. In 2013, Castro attempted to attract foreign investment by promising investors greater control over wage setting and a quick turnaround – 60 days – for proposals. However, continuing tight bureaucracy kept wary foreign investors at bay. More investors have left the country in the past few years than arrived. In mid December, the U.S. and Cuba restored diplomatic ties cut in 1960. Here are 15 things you didn’t know about Cuba’s relationship with the world.

  • 10 Most Important Things To Know About The 2014 U.S. Midterm Elections

    By Keren Mikva, 11:10 am AFKI Original

    Ballot initiatives expanding marijuana use were passed in several states. Oregon, Alaska, and Washington, D.C. joined Colorado and Washington in legalizing recreational marijuana use, showing the legalization movement is gaining force. Many other states, including California, have set their sights on 2016 to approve marijuana for recreational use. More than 20 states have already approved marijuana for medical use. Here are the 10 most important things to know about the 2014 U.S. midterm elections, and what to expect in the future.

  • 10 Things You Didn’t Know About U.S. Ambassador Terence Todman

    By Keren Mikva, 10:49 am AFKI Original

    U.S. Ambassador Terence Todman once threatened to quit if he was continually assigned to Africa. He criticized the State Department for sending black diplomats to African and Caribbean countries, referring to them as “ghetto” assignments. After serving as ambassador to Chad in the early ’70s, Todman threatened to quit if he was assigned to another African nation.He became the first black U.S. ambassador to a Latin American country. Here are 10 things you didn’t know about Terence Todman.

  • Algeria Looks To Boost Economic Co-operation With US

    By Ann Brown, 4:00 pm

    From Zawya Some 80 American companies in the pharmaceutical, transport, technology and agricultural sectors participated in the trade fair. Algerian Prime Minister Abdelmalek Sellal invited US businesspeople to invest in the country and set up partnerships with Algerian companies and to help transfer technology.  Algeria needs a strong partnership between its national companies and their […]

  • #BringBackOurGirls: Who is Boko Haram?

    By Andrew Friedman, 2:46 pm AFKI Original

    On April 14 the terror group took up arms and entered a girls dormitory, kidnapping nearly 300 girls from a Nigerian school in Chibok in the country’s Northeast. So who is Boko Haram? What led them to kidnap nearly girls from a school so the girls could be sold like property rather than educated? The answer, unfortunately, lies partly in the group’s name. Boko Haram translates into “Western education is sin.” Boko Haram objected in the past to other western constructs considered abominations such as democratic elections or wearing shirts and pants.

  • Mauritius No Longer Top Foreign Institutional Investor Provider to India

    By Makula Dunbar, 12:04 pm

    The US is currently the largest provider of Foreign Institutional Investors (FIIs) to India, with a net total of $10 billion having flowed into India already in 2014. America’s ascension to the top spot means that India’s top FII source, Mauritius, has been knocked down to number two. The information comes from the Securities and Exchange Board of India

  • Norway Oil Fund Increases Stock Investment in Africa

    By Makula Dunbar, 12:38 pm

    Norway’s $840 billion sovereign wealth fund sharply increased its exposure to government debt in the world’s most advanced economies in the fourth quarter and also raised its African equity holdings, it said on Friday. The fund, commonly known as the oil fund, was a big buyer of American, British, German and also Brazilian bonds in the quarter while ditching stocks

  • South Sudan Targets Investors With New Land Laws

    By Ann Brown, 9:00 pm

    Currently, the South Sudanese National Assembly aims to draft laws on land rights, microfinance, and trademarks, which would create a more attractive investment environment.

  • Say What? English in the U.K. v. The U.S.

    By Keren Mikva, 8:45 am

    Holiday v. vacation

    Everyone loves a holiday, regardless of what it means, but where a holiday gives you time off work to take a vacation in the States, it’s the vacation itself in the U.K.. It also lends itself to becoming a verb. You can “holiday” in exotic locales.

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