Author: The Editorial Team

NEW YORK (Capital Markets in Africa) – A senior White House adviser expressed confidence that a key Democratic senator who raised objections to President Joe Biden’s $3.5 trillion tax and spending package can eventually be persuaded to give his backing.  Senator Joe Manchin, who last week demanded a “strategic pause” in Biden’s economic agenda, should be “very persuadable” by the argument that the package as envisaged “adds nothing to the debt,” White House chief of staff Ron…

L;AGOS (Capital Markets in Africa) – The United Arab Emirates plans to deepen its trade ties in fast-growing economies in Asia and Africa, and draw $150 billion in foreign investment from mainly older partners to reposition itself as a global hub for business and finance. The UAE — which has been the Middle East’s commercial capital for more than a decade and has been facing growing regional competition from Saudi Arabia — will work on…

LAGOS (Capital Markets in Africa) – Methane is the second-largest contributor to global warming after carbon dioxide. But new and better techniques to spot major emitters of the odorless, colorless gas have pushed curbing it up climate to-do lists. Scientists view reducing methane emissions from the fossil fuel industry as the cheapest and easiest way to hold down global temperatures in the near term. That could counterbalance the initial warming effect from declining use of…

NEW YORK (Capital Markets in Africa) – President Joe Biden’s big plans for the U.S. economy are on the verge of passing their first major legislative tests in the Senate, leaving their future to intra-party struggles between Democratic progressives and moderates. A broad group of Democratic and Republican senators is prepared to place a bipartisan stamp of approval on a cornerstone of the Biden agenda — a $550 billion infrastructure program — in a vote…