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IMF says board approves $487.5 million disbursement to Angola

2 Min Read
International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., as IMF Managing Director Christine Lagarde meets with Argentine Treasury Minister Nicolas Dujovne September 4, 2018. REUTERS/Yuri Gripas
WASHINGTON (Reuters) - The International Monetary Fund said on Monday its executive board approved a disbursement to Angola of about $487.5 million after completing a fourth review of the African oil exporter’s $3.7 billion loan program.
The Fund said that the COVID-19 pandemic continues to impact Angola’s economy and population, while oil production and prices remain weak.
But it said that Angolan authorities “have maintained a robust policy response in the face of these challenges and remain resolutely committed to the program,” noting the December passage of a 2021 budget that includes non-oil revenue gains and restraints on non-essential expenditures.

China , Angola , Washington , United-states , London , City-of , United-kingdom , Angolan , Chinese , Kim-coghill-shri-navaratnam , David-lawder , Antoinette-sayeh

Angola gets breathing space from Chinese creditors, says finance minister

Angola has secured three years of payment relief from Chinese creditors and expects to get more than $700 million in its next tranche of International Monetary Fund financing in the coming days, its finance minister said on Monday.

China , Angola , London , City-of , United-kingdom , Chinese , Alex-richardson , Tom-arnold , Marc-jones , Thomson-reuters-trust-principles , International-monetary-fund , China-development-bank

Businesses in Hong Kong want law and order: Commerce Secretary

International businesses in Hong Kong see law and order as key for investing, a city government official said on Monday, in response to concern about the impact of a sweeping national security law on the business environment.

China , Beijing , United-kingdom , Hong-kong , Singapore , Chinese , British , Clare-jim , Jimmy-lai , Robert-birsel , Anne-marie-roantree , Marius-zaharia

Canada's Trudeau urges unified front against China detentions, says all nations vulnerable

Canadian Prime Minister Justin Trudeau urged nations around the world to maintain a unified front against Chinese detentions of foreign citizens, saying every country was vulnerable.

China , Canada , Beijing , United-states , Vancouver , British-columbia , Ottawa , Ontario , Canadian , Chinese , Justin-trudeau , David-ljunggren

IAEA chief says matter of weeks left to revive Iran nuclear diplomacy

Reviving Iran's nuclear deal must happen within the coming weeks, U.N. atomic watchdog chief Rafael Grossi said on Monday after Tehran resumed 20% uranium enrichment and its parliament threatened to curb access for U.N. inspectors in February.

United-states , Vienna , Wien , Austria , Iran , Tehran , Iranian , Francois-murphy , Donald-trump , Joe-biden , Rafael-grossi , Mark-heinrich

Startup fund Y Combinator increases global reach, diversity of entrepreneurs

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(Reuters) - Y Combinator, Silicon Valley’s prominent incubator and startup fund, has half of its latest class of entrepreneurs from outside of the United States, more than ever before, as the pandemic has pushed all of its work online, Managing Director Michael Seibel said Thursday at the Reuters Next conference.
Incubators help entrepreneurs take ideas and turn them into businesses, often taking a stake. Airbnb Inc and DoorDash Inc both went through Y Combinator and are the first and second-highest valued companies among the graduates.
“We were able to do 50% more office hours with founders than an in-person batch. It turns out that all of that driving and parking and looking for meeting room just generated so much inefficiency,” said Seibel, adding that the format will continue to evolve with this experience.

United-states , Lisa-shumaker , Jane-lanhee-lee , Jared-friedman , Michael-seibel , Thomson-reuters-trust-principles , Airbnb-inc , Doordash-inc , Reuters , Jane-lanhee , Silicon-valley , Managing-director-michael-seibel

Biden likely to improve ties with Asia, end 'silly trade war': Mahathir

After four years of dealing with U.S. President Donald Trump, Asia can expect President-elect Joe Biden to improve ties with traditionally supportive nations and end a "silly trade war" with China, Malaysia's former premier Mahathir Mohamad said.

China , Kuala-lumpur , Malaysia , United-states , America , American , Donald-trump , Mahathir-mohamad , Joe-biden , Simon-cameron-moore , Thomson-reuters-trust-principles , Reuters

Future of Summer Olympics in Tokyo uncertain, says Japanese minister

3 Min Read
TOKYO (Reuters) - The once-delayed Tokyo Olympics may not go ahead this summer as planned as the COVID-19 pandemic rages, a Japanese cabinet minister said on Thursday, saying the host needs to be ready for anything.
FILE PHOTO: Japan's Minister in charge of administrative reform and regulatory reform Taro Kono attends a news conference in Tokyo, Japan, September 16, 2020. REUTERS/Kim Kyung-Hoon
“We need to do the best we can to prepare for the Games at this moment, but it could go either way,” Taro Kono, administrative and regulatory reform minister, said in an interview at the Reuters Next conference.

Japan , Tokyo , Tim-kelly , Dave-dolan , John-stonestreet , Taro-kono , Thomson-reuters-trust-principles , Olympics , Reuters , Reuters-next , Olympic-games , Thomson-reuters-trust

Decision on holding delayed Olympic Games 'could go either way', says Japan minister

The once-delayed Tokyo Olympics may not go ahead this summer as planned as the COVID-19 pandemic rages, a Japanese cabinet minister said on Thursday, saying the host needs to be ready for anything.

Japan , Tokyo , Japanese , Tim-kelly , William-mallard , David-dolan , Yoshihide-suga , John-stonestreet , Taro-kono , Olympic-committee , Thomson-reuters-trust-principles , International-olympic-committee

France's Le Maire: resolving trade sanctions is my priority for Biden administration

French Finance Minister Bruno Le Maire said on Thursday that resolving transatlantic trade sanctions were his priority for dealings with the incoming administration of U.S. President-elect Joe Biden.

Paris , France-general , France , Washington , United-states , French , Bruno-le-maire , Richard-lough , Christian-lowe , Joe-biden , Alison-williams , Le-maire