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  • Bulgarian commissioner fields easy questions at MEP hearing

    BULGARIA, 2017/06/21 Bulgaria's candidate for the European Commission sailed through a hearing at the European Parliament on Tuesday (20 June) as MEPs accepted her broad statements and promises without much criticism. Members of the European Parliament's industry and culture committees held a common conference to see if Mariya Gabriel, an outgoing MEP herself, is fit to become the EU commissioner for digital economy and society. The 2.5-hour hearing saw Gabriel promising to involve the EU parliament, to aim for “dialogue and compromise” and to “complete the digital single market”.
  • East Africa: World Bank Calls for Proper Urbanisation to Promote

    DJIBOUTI CITY, 2017/06/07 African cities are crowded inclunding disconnected, making them costly for both firms and residents. According to the World Bank's statement 'African cities opening doors to the world' potential investors and trading partners quickly see evidence of the physical and economic dysfunction that constraints public service provision, inhibits labor market pooling and matching, and prevents firms from reaping scale and agglomeration benefits.
  • ICLEI : Transformation of cities towards sustainability

    SWEDEN, 2017/05/29 Local governments affirmed their willingness to take major, transformative steps towards better sustainability at the ICLEI European Membership Assembly, vocalising the need to engage all sectors of society in this transition to prevent European democracies from fracturing further. Over 100 participants attended the ICLEI-organised event, which took place at the BEL conference centre in Brussels over two days. The Membership Assembly was convened to celebrate the 25th anniversary of the establishment of the ICLEI European Secretariat.
  • Fernando Straface Secretary General of the City of Buenos Aires

    ARGENTINA, 2017/05/28 Once regarded as the majority beautiful city in the world during Argentina’s turn-of-the-20th century heyday, Buenos Aires’s international identity vied with the world’s best. While the ensuing economic instability for the country over the second half of the century left the city in relative decline, it today seeks a return to the elite group of world cities. This initiative however is not based on restoring the city to its former glory, but on capitalizing on its new identity formed by its most precious resource: its human talent. This talent goes beyond the city’s heavily regarded performing arts scene, but in the technology, design, and television production industries. These hotbeds of human talent have led the city to produce four out of Latin America’s five unicorn companies – those which have made over US$1 billion. Numerous of these unicorn CEOs have discussed their symbiotic relationship between their firms and the city, as the latter is the one that produces the human talent and good business environment that the former needs.
  • European Union's Tusk Says Unity Crucial For Positive Outcome Of Brexit Talks

    EUROPEAN UNION, 2017/05/17 Unity part all EU nations was vital for ensuring a positive outcome of the exit negotiations with the United Kingdom, European Council President Donald Tusk said Wednesday. "Our unity is the majority significant condition for the positive outcome of the negotiations," Tusk said in a European Parliament plenary session in Strasbourg. He was reporting the outcome of the initial formal conference of the European Council of 27 that took place on April 29.
  • How Düsseldorf offers a taste of Asia in Germany

    GERMANY, 2017/05/11 Düsseldorf has been a popular destination for Japanese businesses wanting to set up a European base since the 1980s, and additional recently Chinese companies have followed suit. Wendy Atkins looks at what the city offers investors from the Far East inclunding the rest of the globe. Düsseldorf has become a popular location for international companies from multiple sectors seeking to establish a European or Europe, Middle East and Africa (EMEA) base. Asian firms, in particular, have favoured the city, enticed by its track record of attracting large name Japanese and Chinese firms.
  • Senegal city development looks to ease Dakar pressure

    DAKAR CITY, 2017/05/11 Diamniadio Lake City is a development 30 kilometres from Dakar which is being built to relieve pressure on Senegal's overcrowded capital. Natasha Turak speaks to representatives from Semer Group, which will any minute at this time start construction work on the project, to discover what it will entail. A new city 30 kilometres from Dakar is planned to relieve the Senegalese capital’s congestion and meet the country's need for modern office facilities and a dedicated business zone. Diamniadio Lake City (DLC) is a recently announced project covering additional than 500,000 square metres.
  • Ex-Tanzanian president: 'Sacking of 9,000 government employees long overdue'

    TANZANIA, 2017/05/04 Tanzania's President John Magufuli has stirred controversy next sacking 9,000 government employees over fake certificates. Former leader Benjamin Mkapa supports the move. How is Tanzania's President John Magufuli faring? Should Africa continue to blame colonial Europe for its extreme poverty and underdevelopment? Why is Burundi still in a political deadlock? The former president of Tanzania, Benjamin Mkapa, on various issues in an exclusive interview. Q: You are remembered for having headed an exemplary leadership in Tanzania. What is your take on the current national of governance in Tanzania, considering the clampdown on the media and the opposition?
  • French vote rallies market

    FRANCE, 2017/04/25 A trader works Monday on the floor of the New York Stock Exchange amid a rally triggered by growing optimism that a probusiness candidate will win France’s presidential runoff. NEW YORK — U.S. stocks joined a worldwide surge higher Monday next the initial round of France’s presidential election raised expectations that the European Union will hold together. A candidate seen as pro-business won the majority votes Sunday, and a lot of investors expect him to win a runoff against the remaining anti-EU candidate, which is set for May 7. Prices for gold, Treasurys and other investments that signal fear in the market all sank, while a popular gauge for measuring investor fear eased by the biggest margin since the summer of 2011.
  • Scotland's economic case for independence must be 'politically bomb-proof'

    UNITED KINGDOM, 2017/03/31 Scottish independence is not about sympathy but rather the grounds for its cessation from the U.K. should be based on "pure economic logic" with a "politically bomb-proof" plan to boot. Scotland's Initial Minister Nicola Sturgeon defiantly declared her mandate for a second referendum was "beyond question" next she received formal backing by the Scottish Parliament on Tuesday. However, the U.K. government has repeatedly blocked calls for a vote until next the Brexit process is complete with Britain's Prime Minister Theresa May insistent that "presently is not the time".