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Washington DC, USA (PANA) - The world economy faces a sobering reality. The global growth rate - stripped of cyclical ups and downs - has slowed steadily since the 2008-09 global financial crisis. Without policy intervention and leveraging emerging technologies, the stronger growth rates of the past are unlikely to return. Faced [...]

thread Economy (897 words)

Cape Town, South Africa (PANA) –  Six people have been arrested in connection with last week’s murder and hijacking of Kaizer Chiefs player Luke Fleurs, Johannesburg police said on Wednesday. Police spokesperson Lieutenant Colonel Mavela Masondo said the suspects were detained in Soweto, in the early hours of the morning. Fleurs' [...]

thread Sports (193 words)

Washington D.C., USA (PANA) - Cyber attacks have more than doubled since the pandemic. While companies have historically suffered relatively modest direct losses from cyber attacks, some have experienced a much heavier toll. US credit reporting agency Equifax, for example, paid more than $1 billion in penalties after a major data [...]

thread Economy (724 words)

Washington, D.C., United States (PANA) - The Executive Board of the International Monetary Fund (IMF) has concluded the third quinquennial review of the Fund’s Capacity Development (CD) Strategy stating that the review calls for CD to become more flexible, better integrated with the Fund’s economic analysis and lending activities and [...]

thread Economy (661 words)

Washington, D.C., USA (PANA) - The World Bank Group (WBG) is developing a new corporate scorecard that will track results across 22 indicators—a fraction of the previous 150—to provide a streamlined, clear picture of progress on all aspects of the World Bank Group’s mission, from improving access to healthcare to [...]

thread Society (549 words)

Dar es Salaam, Tanzania (PANA) – The following are the exchange rates for the Tanzania Shilling on Wednesday as issued by the Bank of Tanzania. Currency            Buying         Selling Burundi Franc     0.8884          0.8966 Euro                2,781.6116       2,810.4604 British Pound      3,248.1105    3,281.6243 Japanese Yen      16.8468       17.0141 Kenya Shilling     19.7387  [...]

thread Economy (103 words)

Antananarivo, Madagascar (PANA) - About 220,000 people require immediate humanitarian assistance due to the catastrophic impact of Tuesday’s tropical cyclone Gamane in northeast Madagascar. The storm made landfall on March 27 in the northeast of Madagascar, wreaking havoc in the regions of Analanjirofo, Diana, Atsinanana, and Sava.  “The cyclone exacerbates the hardships [...]

thread Society (237 words)

Djibouti City, Djibouti (PANA) - At least 38 migrants, including women and children, died when their overcrowded boat capsized off the coast of Djibouti, the UN migration agency (IOM) reported on Tuesday. The incident took place at around 4 AM local time on Monday, about 200 meters offshore near the coastal [...]

thread Society (222 words)

New York, US (PANA) - Financing for sustainable development is at a crossroads and without urgent investment, global efforts to achieve a more just and equitable world by 2030 will fail, the UN deputy chief warned on Tuesday.  Presenting the latest UN report on the issue, Amina Mohammed called for “a surge in investment” [...]

thread Economy (599 words)