March 15, 2025

World News

Property

Heads of churches say Israeli government is demanding they pay property tax, upsetting status quo

The heads of major Christian denominations in Israel say that local governments across the country are demanding they pay property tax, violating a longstanding arrangement in a manner they say reflects growing intolerance for Christians in the Holy Land By JULIA FRANKEL Associated Press June 23, 2024, 4:25 PM ET • 3 min read JERUSALEM

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Finance

Thousands in Kenya demonstrate against proposed new taxes

NAIROBI, Kenya (AP) — Thousands of mostly young people demonstrated Thursday in Kenya’s capital and across the country against new tax proposals by the administration of President William Ruto in its annual budget legislation. The protests brought Nairobi’s central business district to a standstill as horse-riding riot police threw tear-gas cannisters and opened water cannons

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Loans

Italy PM Says EU States Won’t Be Directly Involved in G7 Ukraine Loan

BORGO EGNAZIA, Italy (Reuters) – European Union states won’t be directly involved for now in a $50 billion loan that Group of Seven nations plan to raise for Ukraine based on income from frozen Russian assets, Italian Prime Minister Giorgia Meloni said on Saturday. The Group of Seven rich democracies agreed during their annual summit

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Loans

Nigeria bets on a new $2.25B World Bank loan to support reforms that have resulted in hardship

ABUJA, Nigeria (AP) — The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and support economic reforms that have contributed to the worst cost-of-living crisis in many years for Africa’s most populous country. The bank said in a statement late Thursday that the bulk of the loan — $1.5

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Loans

G7 leaders agree to lend Ukraine billions backed by Russia’s frozen assets. Here’s how it will work

WASHINGTON (AP) — Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russia’s frozen central bank assets would be used as collateral. Details of the deal were being hashed out by G7 leaders at their

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Investors

What are the key issues for investors in South Africa’s 2024 election?

Johannesburg: South Africans vote in a national election on May 29 and, for the first time since the end of apartheid 30 years ago, polls suggest the ruling African National Congress party (ANC) is at risk of losing its parliamentary majority. Investors are paying close attention. Why is a majority important? If the ANC gets

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Investment

Xi’s visit to Hungary and Serbia brings new Chinese investment and deeper ties to Europe’s doorstep

BUDAPEST, Hungary — When Chinese President Xi Jinping visited Hungary last week, he arrived to one of the few places in the European Union where his country is considered an indispensable ally rather than a rival. By the time he left on Friday, he’d secured deals that provide fertile ground for China‘s plans of economic

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Funds

More money is going to African climate startups, but a huge funding gap remains

NAIROBI, Kenya (AP) — When Ademola Adesina founded a startup to provide solar and battery-based power subscription packages to individuals and businesses in Nigeria in 2015, it was a lot harder to raise money than it is today. Climate tech was new in Africa, the continent was a fledgling destination for venture capital money, there

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