Tag: G7

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China buys Russian oil at multi-month low discounts, brushes off price cap

China is paying the deepest discounts in months for Russian ESPO crude oil amid weak demand and poor refining margins even though the effective...

Proposed G7 oil price cap to have little immediate impact on Russian revenue

The Group of Seven (G7) nations' proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues,...

G7 launches climate ‘Shield’ fund, some countries wary

A G7-led plan dubbed "Global Shield" to provide funding to countries suffering climate disasters was launched at the U.N. COP27 summit on Monday, although some questioned...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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