Hungary opposes EU sanctions on Russian LNG

Hungary opposes EU sanctions on Russian LNG

European Union Ambassadors Wednesday are discussing sanctions that would target Russia's liquified natural gas sector for the first time. But the move has received pushback from Hungary which remains reliant on Russian LNG.

May 9, 2024 60

Africa

Twin rate cuts set Mozambique apart as African currency rally

By Seth Onyango, bird story agency Mozambique’s central bank has decisively cut its benchmark lending rate to 15.75% from 16.5%, setting a precedent as the first African country to slash rates twice in 2024. The move highlights Maputo’s aggressive push for economic growth amid a wider trend of cooling inflation and currency stability against the US dollar across Africa. Rate cuts in the southeastern African nation, prompted […]

April 8, 2024 35