Day: August 27, 2022

Chinese chip foundry SMIC to invest $7.5billion for new production line in Tianjin

Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) said it had signed a framework agreement to invest $7.5 billion for a new 12-inch foundry production line in Tianjin. The plans mark an ongoing expansion for the Shanghai-based company, which is under U.S. sanctions related to ties to China’s military, which the company denies. It is… Read More Chinese chip foundry SMIC to invest $7.5billion for new production line in Tianjin

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Serbian President Aleksandar Vuvic nominates PM Ana Brnabic for new term

Serbian President Aleksandar Vucic on Saturday nominated Ana Brnabic to serve another term as prime minister and to lead a new government through a time of war in Europe, global energy and inflation crises and tensions with Kosovo. The nomination came more than five months after their party, the Serbian Progressive Party (SNS), won the… Read More Serbian President Aleksandar Vuvic nominates PM Ana Brnabic for new term

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Russian President Vladimir Putin signs decree for financial benefits to people arriving country from Ukraine

Russian President Vladimir Putin on Saturday signed a decree introducing financial benefits for people who left Ukrainian territory to come to Russia, including pensioners, pregnant women and disabled people. The decree, published on a government portal, establishes monthly pension payments of 10,000 roubles (an equivalent of $170) for people who have been forced to leave… Read More Russian President Vladimir Putin signs decree for financial benefits to people arriving country from Ukraine

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Six dead, two injured as militants attack convoy from gold mine in eastern Burkina Faso

Unidentified gunmen killed six people and wounded two others in an attack on a convoy from the Boungou gold mine in eastern Burkina Faso, the army said on Saturday. Last week, five vehicles were dispatched from the mine, which is owned by Toronto-listed Endeavour Mining , to help a nearby convoy that had been stuck… Read More Six dead, two injured as militants attack convoy from gold mine in eastern Burkina Faso

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Japan pledges $30billion development aid for Africa

Japan pledged $30 billion in aid for development in Africa on Saturday, saying it wants to work more closely with the continent, with the rules-based international order under threat after Russia’s invasion of Ukraine. Addressing a Japan-Africa summit in Tunisia, Prime Minister Fumio Kishida said Tokyo would work to ensure grain shipments to Africa amid… Read More Japan pledges $30billion development aid for Africa

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Gunfire and blasts heard as rival factions clash in Libyan capital of Tripoli

Intense fighting erupted in the Libyan capital overnight and lasted into Saturday, with rival factions exchanging heavy gunfire and the sounds of several loud blasts ricocheting around the city. The clashes took place in Tripoli’s city centre after one of the capital’s strongest groups assaulted the base of a rival force, witnesses said, leading to… Read More Gunfire and blasts heard as rival factions clash in Libyan capital of Tripoli

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Morocco recalls its ambassador to Tunisia over Western Sahara dispute

Morocco recalled its ambassador to Tunisia on Friday after Tunisian President Kais Saied received the head of the Polisario Front movement that is seeking independence for Western Sahara, a territory Morocco regards as its own. Morocco said Tunisia’s decision to invite Brahim Ghali to a Japanese development summit for Africa that Tunis is hosting this… Read More Morocco recalls its ambassador to Tunisia over Western Sahara dispute

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