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Investing

Scholz pledges greater investment in Africa’s green energy sector

German Chancellor Olaf Scholz reacts as he presides over the "Compact with Africa" investment summit attended by French President Emmanuel Macron, European Commission President Ursula von der Leyen and African leaders in Berlin, Germany, November 20, 2023. REUTERS/Liesa Johannssen/Pool Acquire Licensing RightsBERLIN, Nov 20 (Reuters) - Germany will invest 4 billion euros in green energy projects in Africa until 2030, Chancellor Olaf Scholz said on Monday, noting these could in turn help Europe's largest economy achieve its own transition to carbon neutrality.Germany will need to import large quantities of green...
Currencies

What is a BRICS currency and is the U.S. dollar in trouble?

Delegates walk past the logos of the BRICS summit during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS Acquire Licensing RightsJOHANNESBURG, Aug 23 (Reuters) - Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations.Luiz Inacio Lula da Silva made the proposal at a BRICS summit in Johannesburg.Officials and economists have pointed out the...
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