Lula faces numerous challenges as Brazil assumes G20 presidency | Business and Economy News

Lula faces numerous challenges as Brazil assumes G20 presidency | Business and Economy News

ByNews Polite

As Brazil takes over the G20 presidency on December 1 from India, Luiz Inácio Lula da Silva will be challenged to fulfil his promise of holding up the interests of the global south amid two ongoing wars and a slowing global economy. Lula also takes over at a time of…

Panama celebrates court order to cancel mine even as business is hit | Mining

Panama celebrates court order to cancel mine even as business is hit | Mining

ByNews Polite

For more than a month, protests against Central America’s largest open-pit copper mine have held Panama in a state of siege. Roadblocks have caused gas and propane shortages. Many supermarket shelves have run bare. Restaurants and hotels have sat empty. But on Tuesday, protesters in Panama got the news they…

New US sanctions target illicit financial network aiding Iran, military | Business and Economy News

New US sanctions target illicit financial network aiding Iran, military | Business and Economy News

ByNews Polite

US Treasury Department says Iran relies on brokers, front companies to finance proxies across region, including Hamas. The United States Department of the Treasury has announced new sanctions targeting 21 Iranians, foreign nationals, and firms accused of involvement in an illicit financial network for the benefit of the Iranian military….

Somalia has joined the EAC regional bloc. What happens next? | Business and Economy

Somalia has joined the EAC regional bloc. What happens next? | Business and Economy

ByNews Polite

After more than a decade of intense lobbying, Somalia has been admitted into the East African Community (EAC). After ratification by the Somali Federal Parliament, the membership will become official. The application process, started by former President Sharif Sheikh Ahmed in 2011, had been long and arduous with some member…