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Foreign News

Greek Bailout: Banks To Re-open ‘Gradually’ On Monday

Greece’s finance ministry has stated that banks will re-open on Monday after being closed three weeks ago, when capital controls were imposed. The decision comes ahead of a Bundestag vote to open negotations. Greece’s Ministry of Finance said on Thursday that banks are set to re-open across the country by ...

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US: 5 Dead, Including Gunman, In Tennessee Military Shootings

A gunman has opened fire at two military-related facilities roughly 10 kilometers apart in Tennessee. The dead include four US marines; three others have been wounded. Five people have been killed after a gunman went on the rampage at two military-related facilities in Chattanooga, Tennessee on Thursday. Police say the ...

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Germany, Cuba Move To Normalise Relations

Germany and Cuba have signed framework accords to formalize future ties. Frank-Walter Steinmeier’s visit to Havanna is the first by a German foreign minister since Germany’s reunification 25 years ago. Thursday’s signing by Steinmeier and his Cuban counterpart, Bruno Rodriguez, involved two documents intended to open regular consultations between their ...

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US: George Bush Falls, Sustains Neck Injury

By Patrick Aigbokhan The oldest living former US President George Bush on Wednesday fell at his Maine home in the United States sustaining a bone injury in his neck. Jim McGrath, Spokesman for Bush, however, said the 91-year-old former president was in stable condition and is doing “fine” after Wednesday’s fall. He said in ...

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Tony Elumelu Foundation: 1,000 African Entrepreneurs Gather In Nigeria For Boot Camp

One thousand entrepreneurs from across Africa gathered in Ota, Southwest Nigeria, between Friday and Saturday for an intensive two-day boot camp hosted by Tony Elumelu Foundation. The 1,000 entrepreneurs were all part of the inaugural class of the Tony Elumelu Entrepreneurship Programme (TEEP), a multi-year programme of training, funding and mentoring, ...

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China Records 7% Growth, Beats Analysts’ Expectations

The Chinese economy has grown by seven percent in the second quarter, outstripping analysts’ predictions. The rate of growth in the world’s second-largest economy is slowing, but still remains robust. Slowing growth in key areas like foreign trade, state investment and domestic demand had prompted economists to predict a year-on-year ...

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US Gay Marriage Ruling: We Say No!

The United States Supreme Court crossed the Rubicon when it ruled recently that same-sex couples are legally permitted to marry. It was a judgement that sent homosexuals, lesbians and transgender people in America and elsewhere cheering, while leaving opponents of such queer unions in shock. The ruling will also be ...

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Spain Buys €6.5bn Oil From Nigeria

The Government of Spain on Tuesday said it bought oil and gas worth 6.5 billion Euros from Nigeria in 2014. The Spanish Ambassador Alfonso Sebastian de Erice, made the trade value known on a visit to the Speaker of the House of Representatives Yakubu Dogara at the National Assembly. Appreciating ...

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Greek Bailout: Merkel’s CDU Party Hardliners Unhappy

Chancellor Angela Merkel came out of the Brussels bailout talks the clear winner, having forced her Greek counterpart to concede nearly everything. But for many in her party, even that was a compromise too far. The deal is done, and everyone seems to agree that German Chancellor Angela Merkel won ...

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Finland: Eurozone Finance Ministers End 80Bn Euro Greece Bailout Talks, Resume Sunday

Eurozone finance ministers have suspended their crisis talks after meeting to evaluate a last-ditch bailout proposal from Greece, according to the Finnish finance minister. The Eurogroup of eurozone finance ministers emerged from a marathon meeting in Brussels late Saturday without an agreement on Greece’s reform proposals. After leaving the talks, ...

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