Global economy outlook brightening in 2024 with political risks – New Business
The latest Chief Economists Outlook released today presents a growing sense of cautious optimism about the global economy in 2024. More than eight in ten chief economists expect the global economy to either strengthen or remain stable this year – nearly double the proportion in the previous report. Some 97% of respondents anticipate that geopolitics will contribute to global economic volatility this year. “The latest Chief Economists Outlook points to welcome but tentative signs of improvement in the global economic climate,” said Saadia Zahidi, Managing Director, World Economic Forum. Expectations for China are slightly less optimistic, with three-quarters expecting moderate growth and only 4% predicting strong growth this year.
Source:News Business Ethiopia
May 30, 2024 01:32 UTC
Ethiopia Attends ADB Annual Conference
0 shares ShareTweetPinAddis Ababa, May 29, 2024 (Addis Walta) Ethiopian is attending the African Development Bank conference taking place in Nairobi, Kenya. A delegation led by Ethiopia’s Finance Minister, Ahmed Shide is attending the bank’s Annual Meetings. This year’s conference held under the theme “Africa’s Transformation, the African Development Bank Group, and the Reform of the Global Financial Architecture”. Ambassador Extraordinary and Plenipotentiary of FDRE to the Republic of Kenya, Bacha Debele, attending the meeting taking place from 27-31 May 2024, according to the embassy.
Source:Ethiopian News
May 30, 2024 01:29 UTC
Biniam Girmay Triumphs at Circuit Franco-Belge
Axel Zingle (Cofidis) second, Marc Hirschi (UAE Team Emirates) thirdEritrean superstar Biniam Girmay (Intermarché-Wanty) clinched a significant victory at the Circuit Franco-Belge on May 29, 2024. The race featured a competitive field with several attacks, culminating in an uphill sprint finish where Biniam emerged victorious. Axel Zingle (Cofidis) and Marc Hirschi (UAE Team Emirates) completed the podium, finishing in second and third place, respectively. I was confident about my strength for the sprint and look forward to continue this way towards Tour de France,” Girmay said. [TN]Biniam Girmay roars to victory 🥇🇪🇷 The winning sprint in Circuit Franco-Belge 🚀 🎥 Watch cycling on Eurosport, Discovery+ and Max pic.twitter.com/xXFyyBvwnw — Intermarché-Wanty (@IntermarcheW) May 29, 2024Podium Circuit Franco-Belge: 🥇 Biniam Girmay🥈 Axel Zingle🥉 Marc Hirschi Biniam Girmay pedals his way across the finish line, taking the WIN at the 2024 Circuit Franco-Belge today!
Source:Ethiopian News
May 29, 2024 22:40 UTC
How to Order Vegan at Nobu, the Fine-Dining Spot Loved by Kim Kardashian, Leonardo DiCaprio, and Stormi Webster
jump to the menu optionsNobu’s co-founder, Nobu MatsuhisaRELATED: Where to Find Delicious Vegan Bibimbap in the USDoes Nobu cater to vegans? While Nobu, which now has more than 50 restaurants around the world, offers plenty of fish and meat, it isn’t short of plant-based options. Boy was I wrong,” wrote one reviewer of Nobu, Caesar’s Palace, in Las Vegas on Happy Cow. Again, the account recommended speaking to your server to find out the best options (“the staff are so knowledgeable!”). Find out morePlant Based Dutchie6 Tofu Tomato SaladEaten at: Nobu, DubaiAnother Happy Cow reviewer raved about the vegan options at Nobu, but this time, at its restaurant in Dubai.
Source:Ethiopian News
May 29, 2024 22:16 UTC
Diocese builds new dam to sustain life in dry region
Gweru Bishop Rudolf Nyandoro inspects the Holy Cross Dam in Midlands Province, Zimbabwe (Gweru Diocese)A diocese in Zimbabwe has rebuilt its own dam as part of faith-based responses to water challenges brought by climate change. The Diocese of Gweru in the country’s low rainfall Midlands province says the Holy Cross Dam, reconstructed at the beginning of this year, will go a long way toward reviving long abandoned agriculture projects. The construction of the Gweru Diocese dam comes as the Catholic international aid agency Caritas is also helping rural communities with the rehabilitation of a defunct dam as part of efforts to cushion against climate-induced water stress. The Gweru Diocese has responded to those government goals by funding its own dam reconstruction. FULL STORYZimbabwe diocese rebuilds dam in response to climate change, water scarcity (By Marko Phiri, NCR Online)
Source:Ethiopian News
May 29, 2024 21:50 UTC
Saudi Arabia and Austria sign MoU for economic cooperation
VIENNA: Saudi Arabia’s economy ministry and its Austrian counterpart signed a memorandum of understanding to boost economic cooperation between the two nations. The Saudi Ministry of Economy and Planning Austria’s Ministry of Labor and Economy in the deal on the sidelines of the Saudi-Austrian Joint Committee held in the Austrian capital. The MoU was signed by the Saudi Minister of Economy and Planning Faisal bin Fadel Al-Ibrahim, and the Austrian Minister of Labor and Economy, Martin Kocher. The parties are also committed to protecting intellectual property rights and exchanging information for the purposes specified in the MoU. This MoU comes within the framework of a cooperation agreement in the economic, commercial, industrial and technical fields signed between the two governments in 2004.
Source:Ethiopian News
May 29, 2024 19:42 UTC
Human-elephant conflict in Ethiopia has become more frequent, severe – Seyoum
Mezgebe was one of the EWCA beneficiaries of the human-elephant coexistence training in Tsavo earlier in the year. According to him, human-elephant conflict in Ethiopia has become more frequent and severe over recent decades because of human population growth and the expansion of agricultural and industrial activities. After joining university, I developed an interest in social science, but my passion for conservation was ignited when I joined the Ethiopian Wildlife Conservation Authority 15 years ago. What is the situation of human elephant coexistence in Ethiopia today, and what are some of the biggest threats facing this coexistence? Competition for the available natural habitats and resources has increased, and the resulting ecological imbalance has negatively influenced human-elephant coexistence.
Source:Ethiopian News
May 29, 2024 17:24 UTC
NASA's Lucy spacecraft unlocks asteroid Dinkinesh's dynamic history
NASA’s Lucy spacecraft unlocks asteroid Dinkinesh’s dynamic historyBy Will DunhamWASHINGTON (Reuters) – A little asteroid called Dinkinesh – visited last November by NASA’s Lucy spacecraft – has a surprisingly dynamic history, according to scientists, along with its moonlet Selam that is comprised of two bodies that gently melded into one. On the way, Lucy flew past Dinkinesh and Selam in the inner edge of the main asteroid belt. “During their lifetime, small asteroids may shed material, which later ends up forming a small satellite or satellites. Dinkinesh is the Ethiopian name for the Lucy fossil, meaning “you are marvelous” in the Amharic language. Lucy will next visit the asteroid Donaldjohanson in 2025 in the main asteroid belt, with 11 asteroids in total on its agenda.
Source:Ethiopian News
May 29, 2024 17:22 UTC
NASA's Lucy Spacecraft Unlocks Asteroid Dinkinesh's Dynamic History
On the way, Lucy flew past Dinkinesh and Selam in the inner edge of the main asteroid belt. "During their lifetime, small asteroids may shed material, which later ends up forming a small satellite or satellites. NASA's spacecraft was named for the Ethiopian fossil nicknamed Lucy of the extinct human relative Australopithecus. Dinkinesh is the Ethiopian name for the Lucy fossil, meaning "you are marvelous" in the Amharic language. Lucy will next visit the asteroid Donaldjohanson in 2025 in the main asteroid belt, with 11 asteroids in total on its agenda.
Source:Ethiopian News
May 29, 2024 17:14 UTC
Indigenous language spoken in Ontario Legislature for 1st time
Since 1963, The Independent has helped create a great community! Since our founding in September of 1963, The Independent has been dedicated to giving Livermore, Pleasanton, Dublin, and Sunol readers the news they need to be in-the-know about what's going on in the Tri-Valley region.
Source:Ethiopian News
May 29, 2024 16:17 UTC
Boeing Chooses Ethiopia Over Kenya and South Africa for its Africa Headquarters
Boeing has selected Ethiopia as the location for its African headquarters, favoring it over Kenya and South Africa due to Ethiopia’s exemplary aviation safety record. This decision is perhaps the result of Ethiopian Airlines’ strong commitment to Boeing, including becoming the company’s first African customer for the Boeing 777X and last year’s order of 11 Boeing 787 Dreamliners and 20 Boeing 737 Max planes, despite the aerospace company’s recent challenges. To head the new establishment, Boeing appointed Henok Shawl, a former Ethiopian Airlines’ employee with extensive experience in aviation and telecommunications. Boeing projects that African carriers will need 1,030 new aircraft over the next two decades to meet international standards and its decision to set up shop on the continent is likely influenced by this development. SOURCE: BUSINESS INSIDERShare
Source:Ethiopian News
May 29, 2024 14:34 UTC
Ethiopian Cargo and Liege Airport Continue Strong Partnership with Focus on Freight Operations
Ethiopian Cargo and Liege Airport Continue Strong Partnership with Focus on Freight OperationsFavoriteEthiopian Cargo and Logistics Services, together with Liege Airport, their European cargo hub, recently celebrated 17 years of a fruitful partnership. Over these 17 years, Ethiopian Cargo has significantly contributed to establishing Liege Airport as a premier European cargo hub. Liege Airport provides us with a strategic location and world-class infrastructure, enabling us to offer our customers seamless and efficient cargo solutions. We are honored by Ethiopian’s confidence in Liege Airport, and we will always be at their side to help them in their development.”The collaboration between Ethiopian Cargo and Liege Airport has proved mutually advantageous, fostering growth and development for both parties. Since 2007, Ethiopian Cargo and Logistics Services has maintained regular cargo flights to and from Liege Airport.
Source:Ethiopian News
May 29, 2024 12:51 UTC
African Development Bank Approves $8 Million for Pioneering Mini-Grid Programme in Ethiopia
The African Development Bank Group’s Board of Directors has approved $8 million to support a groundbreaking pilot mini-grid program with potential benefits across Africa. DREAM aims to test the commercial viability and effectiveness of integrating mini-grids with agribusiness operations at nine sites across Ethiopia. The successful completion of the pilot could pave the way for scaling up and replicating the model in Ethiopia and other African countries. “Water, energy, and food are critical for our sustainable well-being,” he said. “The DREAM project provides an innovative approach to addressing the water-energy-food nexus in Ethiopia.
Source:Ethiopian News
May 29, 2024 11:00 UTC