Business

Mon,15Oct2018

Business

Illegal ivory trade seen booming in the EU

 

80 pieces of illegal ivory tested as part of an Avaaz study are displayed in front of the EU Commission, together with a life-sized model of an elephant, to call for a ban on the ivory trade in Europe on Tuesday, July 10, 2018, in Brussels. Photo: Olivier Matthys/AP/SIPAIn spite of a ban, illegal ivory trading is still flourishing in the European Union, as traders use a loophole allowing for the exchange of antique pieces. 

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McKinsey's new boss apologises to S.Africans over corruption scandal

In this photo taken in September 2010 Atul Gupta is seen outside magistrates courts in Johannesburg. Photo: AP/SIPAMcKinsey's new global head will today apologise to South Africans for work the firm did with friends of scandal-plagued former president Jacob Zuma, an ill-fated deal that tarnished the reputation of the world's biggest consultancy.

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Djibouti commissions $3.5 bln Chinese-built free trade zone

Djibouti's President Ismail Omar Guelleh, center, arrives for a round table event at an EU Africa summit in Abidjan, Ivory Coast on Wednesday, Nov. 29, 2017. Photo: Geert Vanden Wijngaert/AP/SIPADjibouti commissioned a $3.5 billion, Chinese-built free trade zone on Thursday, deepening ties with the Asian giant and helping the Horn of Africa nation generate more jobs for its youths.

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Zimbabwe politics: The opposition scents victory

Shaun Jusa/Xinhua-REA

With the youthful Nelson Chamisa as its flagbearer, can the opposition Movement for Democratic Change finally live up to its name in elections planned for later this month?

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South African barista brews the country's first black-owned coffee brand

Prepared coffee beans. Photo: John Minchillo/AP/SIPASihle's Brew is South Africa's first fully black owned coffee brand, offering customers a variety of specialty blends, designed by coffee barista, Sihle Magubane.

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Nigeria woos importers to trade Chinese yuan

 Oct. 20, 2015: a money changer counts Nigerian naira currency at a bureau de change, in Lagos Nigeria. Photo: Sunday Alamba/AP/SIPANigeria's central bank is wooing local businesses importing goods from China to use the yuan instead of the U.S. dollar in its effort to support its naira currency and boost reserves.

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Glencore gets U.S. subpoena on compliance with money-laundering laws

April 14, 2011 file picture of the Glencore headquarters in Baar, Switzerlan- PHOTO: Urs Flueeler/AP/SIPAU.S. authorities have demanded the U.S. arm of Glencore Plc hand over documents relating to its business in Nigeria, the Democratic Republic of Congo and Venezuela, sending shares in the parent company down more than 10 percent.

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