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UK: Theresa May’s Bad Gamble Takes Bad Toll as Business Crash

  British business confidence has fallen sharply since the snap election that left Prime Minister Theresa May weakened ahead of Brexit talks, according to a survey by the Institute of Directors published on Monday. The survey of nearly 700 members of the business group also exposed deep concern over the …

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Tanzania signs $154 mln contract with Chinese firm to expand main port

Tanzania’s government on Saturday signed a $154 million contract with the state-run China Harbor Engineering Company (CHEC) to expand the main port in the commercial capital, Dar es Salaam. Tanzania is seeking financing for infrastructure projects as part of its plans to transform the country into a regional transport and trade …

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South Africa Has Second Recession in Eight Years

Gross domestic product contracted 0.7% in first quarter Median of 19 economists’ estimates was for 1% expansion South Africa’s economy fell into a recession for the first time since 2009 after it contracted for a second straight quarter in the first three months of the year as all bar two …

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Nigeria: Etisalat ‘still in talks’ with lending banks over $1.2 billion loan

Mobile telecoms operator, Etisalat Nigeria, on Monday said it was still in talks with its lenders over a $1.2 billion (about N541.8 billion) loan. The company said in a statement that it would continue to focus on providing uninterrupted services to its subscribers. “Etisalat Nigeria confirms that it is still …

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Box Office: ‘Wonder Woman’ Already Has $42 Million Worldwide!!!

A quick international update for Wonder Woman. The Amazon Princess debuted in 32 new markets yesterday, so it’s now open in 37 total not counting its debuts for today. The film earned a total of $12.1 million in said territories for an $18.7m running cume. Counting the $11m in Thursday grosses …

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How Small-Business Owners Can Patent a Great Idea

Throughout history, ingenious and innovative ideas have been copied, or outright stolen. Guglielmo Marconi is credited with inventing the radio, even though it originated from Nikola Tesla. Nowadays it’s easy for a business owner to patent a great idea. Robert Fulton took the idea for the steamboat engine from John Fitch. Lizzie Magie invented …

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