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future of tech is Africa

Derrick Ceyrac | AFP | Getty Images Jankara market, located on Lagos Island and the skyline of Lagos, Nigeria. While ecommerce and mobile money companies are leading Africa’s tech race, solar technology and agriculture are also big sectors there. Ignitia, a startup based in Accra, Ghana has developed a weather …

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more U.S. sanctions would be harmful, talk of retaliation premature

Mikhail Klimentyev | Kremlin | Sputnik | Reuters Russian President Vladimir Putin attends a live nationwide broadcasted call-in in Moscow, Russia, June 15, 2017. Russian President Vladimir Putin said new sanctions under consideration by the United States would damage relations between the two countries, but it was too early to …

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‘Heads down and our mouths shut’

Bettman Collection | Getty Images Leaders of Mexico, the U.S., and Canada during NAFTA treaty signing in San Antonio, Texas, Oct. 7, 1992. Pact didn’t formally go into effect until 1994. With NAFTA modernization negotiations around the corner, Canada’s winning strategy is essentially staying quiet says a former Canadian prime …

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Amazon is buying Whole Foods in a deal valued at $13.7 billion

Shares of Whole Foods Market rocketed 28 percent on Friday after Amazon said it plans to acquire the grocery store chain for $42 a share, in a deal valued at $13.7 billion. Amazon’s offer represents a 27 percent premium to Whole Foods’ closing price on Thursday. With Whole Foods shares …

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Google to reportedly face record fine in first EU search practice probe

View Pictures | UIG | Getty Images Buckingham Palace Road,United Kingdom, Architect London, Google London Google could be slapped with a fine of more than 1 billion euros ($1.1 billion) as the EU begins the first stage of a three-pronged probe into the search group’s practices, the Financial Times reported. …

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‘No way’ UK can get passporting rights after Brexit, says former Luxembourg fin min

Jack Taylor | Getty Images The London skyline is seen from the Shard, the tallest building in the European Union, as the sun sets on March 28, 2017 in London, England. Yet, Frieden, who has, at various times, served as Luxembourg’s Minister for several portfolios including Finance, Defence, Justice and …

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Euro zone finance ministers agree on 8.5 billion euro loan to Greece, official says

Francois Lenoir | Reuters Greek Finance Minister Euclid Tsakalotos attends a eurozone finance ministers meeting in Brussels, Belgium May 22, 2017. Greece’s European creditors agreed to give the cash-strapped country the next batch of money due from its bailout and outlined a series of debt relief measures they hope will …

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India and Russia are strongest global markets for advertising growth, US and France the weakest: Report

Hindustan Times | Getty Images Advertising billboards in Mumbai, India The growth rates in these countries far outstrips those in some of the more established ad markets, with the U.S. forecast to see a 1.6 percent increase in spending, while France will only see 0.4 percent growth. The U.K.’s advertisers …

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Europe has ‘become a cartoon’ and firms are missing out on investing, GE’s Immelt says

Andrew Harrer | Bloomberg | Getty Images Jeffrey Immelt, chairman and chief executive officer of General Electric. “We are long Europe … we have always found Europe a good place to be . When everybody else was getting out we were getting in. And so, we are very vested in …

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Bank of England leaves rates unchanged at 0.25 percent; policymakers vote 5-3 to hold rates

Simon Dawson | Bloomberg | Getty Images Mark Carney, governor of the Bank of England (BOE), gestures while speaking during the bank’s quarterly inflation report news conference on Thursday, Aug. 4, 2016. The Bank of England (BOE) held interest rates steady at 0.25 percent on Thursday, however, policymakers appeared increasingly …

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