WORLD

How credit cards changed the way we spend

The clue is in the name: credit. It means belief, trust. If you’re a shopkeeper, who do you trust to repay a debt? For most of history, only someone you knew personally, which was fine since most of the people you encountered would be from the same small community. But as cities boomed, things became more awkward. Large department stores ...

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Venezuela unveils virtual currency amid economic crisis

Venezuelan President Nicolas Maduro has announced the creation of a new virtual currency in a bid to ease the country’s economic crisis. He said the Petro would be backed by Venezuela’s oil, gas, gold and diamond wealth. Opposition MPs, however, poured scorn on the plan. Venezuela’s economy has been hit by falling oil revenue and the plummeting value of its ...

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After a ‘failed’ vote, what is happening in Liberia?

Liberia is in the thick of uncertainty after its Supreme Court ruled in November that a presidential run-off vote cannot proceed until a complaint of fraud and irregularities in the first round has been investigated. Hearings began at the Supreme Court on Friday and a ruling is expected Thursday. The vote, which had a first round in October, was expected to see the first ...

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Can Nigeria’s yams power a nation?

Can Africa’s biggest economy swap its addiction to oil for the starchy tubers that millions line their bellies with each day? “It’s our biggest hope,” says Nigeria’s Minister of Agriculture and Rural Development Audu Ogbeh. The global slump in oil prices has hit the West African nation hard, where oil exports make up more than 70% of government revenues. Yam ...

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‘Progress on deal’ ahead of May-Juncker Brexit talks

Theresa May is set to meet key EU figures for talks on Brexit which could determine whether the UK is able to move on to negotiations about trade. The BBC understands the two sides have now reached broad agreement over the UK “divorce bill” and citizens’ rights. But Irish ministers said there was no breakthrough on the outstanding issue of ...

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FIFA Experts Coming To Ghana Over Match-Fixing

The Communications Director of the Ghana FA, Ibrahim Sannie Daara, has revealed that the FA is expecting a contingent of FIFA experts in Accra in January 2018 during its congress to help handle issues of bribery and match-fixing. This comes at the back of Kwesi Nyantakyi’s announcement that whistle blowers will be rewarded once they blow the cover on corruption ...

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