Italy Shocks Markets With Tax on Banks’ Windfall Profits (Video)
00:00Italy's government has spooked markets with an unexpected windfall tax on banks profits. From the populist party, Milanese government Deputy Minister Salvini, who's the leader of the league party, he announced the move. But it's it's it's very strange that it would because of the impact that it's going to have on banks. And the other thing is because the minister and also his party, his party are very friendly towards the companies. So we'll have to see, however, if it actually really happens and how much of it is really, really going to the.
Source:Ethiopian News
August 08, 2023 09:18 UTC
Ethiopia: A positive tour of the United States
For the first time in its history, the Ethiopian national team played in the United States. The results were positive, as they won both their friendlies. The second came on August 6 against Loundoun United (4-2), who play in the USL Championship, the 2nd American professional division. The goals were scored by Surafel Dagnachew (30th), Shimelis Bekele (53rd), Ashalew Tamene (63rd on pen) and Yihun Endenshaw (75th). The only blemish on the tour was the dismissal by national coach Daniel Gebremariam of Yosef Tadele and Birhanu Bekele before the first match, for disciplinary reasons.
Source:Ethiopian News
August 08, 2023 07:54 UTC
Unlock Africa’s agricultural potential – New Business Ethiopia
By Haile Henok – With over 60% of the world’s uncultivated arable land, Africa holds tremendous potential to be a global breadbasket. A key challenge is lack of knowledge about modern farming techniques and limited access to agricultural technologies like fertilizers. Russia’s PhosAgro, the world’s leading fertilizer producer, is working to change this equation through online farmer training programs and cross-continental cooperation. The online training incorporates real-world case studies and technologies like vertical farming. “Helping develop Africa’s agriculture sector is a priority.”Though challenges remain, PhosAgro’s blended model of E-learning and on-the-ground cooperation is key to unlocking Africa’s immense potential.
Source:News Business Ethiopia
August 08, 2023 03:08 UTC
Japan, Ethiopia to work together for restoring Black Sea Grain Deal
Further, according to the VOA report, the Japanese foreign minister expressed optimism that his nation and Ethiopia will work together to revive the Black Sea Grain Initiative after a private conversation with the deputy prime minister of Ethiopia. “Japan deplores the termination of the Black Sea Grain Initiative by Russia, and Japan hopes to work together with Ethiopia towards the resumption of the initiative,” Hayashi said, according to VOA. Since the start of the Black Sea grain deal, which took effect in July 2022, the United Nations has overseen the export of more than 262 metric tons of wheat to Ethiopia. Demeke, who also serves as Ethiopia’s foreign minister, said the two had a productive discussion on issues of mutual interest, VOA reported. The Japanese foreign minister's stop in Ethiopia wrapped up a six-nation tour of Southwest Asia and Africa.
Source:Ethiopian News
August 07, 2023 20:53 UTC
Ethiopia Alleges Amhara Militia’s Attempt to Overthrow Government
A senior Ethiopian official has accused militiamen in the Amhara region of attempting to overthrow both the regional and federal governments, as clashes between Fano militiamen and the Ethiopian National Defence Force (ENDF) continue. The situation has escalated into Ethiopia’s most severe security crisis since the end of the two-year civil war in the neighboring Tigray region. AdvertisementFano, a part-time militia, initially supported the ENDF during the Tigray War but their relationship soured over federal authorities’ attempts to weaken regional paramilitary groups. Protests erupted in Amhara after Prime Minister Abiy Ahmed disbanded security forces from all 11 regions and integrated them into the police or national army. Protesters accused the government of undermining Amhara’s security, while the government claimed it was necessary for national unity.
Source:Ethiopian News
August 07, 2023 19:32 UTC
Gunmen seize several cities in northern Ethiopia region
Gunmen have seized several cities and raided several prisons in Amhara Region in northern Ethiopia, an Ethiopian official has disclosed. Temesgen Tiruneh, the chairman of the state of emergency general department command, told state media outlets in a video on Sunday evening that the gunmen have taken control of some zonal and district cities in the Amhara Region. He said that the gunmen have raided several prisons in the region and freed convicted criminals, adding the government is currently engaged in security operations to reverse ongoing security problems in the region. Last Friday, the Ethiopian government declared a state of emergency in the Amhara Region amid ongoing clashes between the government military and local militiamen known as Fano. The ongoing unrest has forced Ethiopia's national air carrier Ethiopian Airlines to cancel flights to three destinations in the Amhara Region.
Source:Ethiopian News
August 07, 2023 17:47 UTC
Clashes intensify in Ethiopia's Amhara region as local militia challenges military control
The conflict in Ethiopia's Amhara region reached a critical point on Monday as Ethiopia's federal authorities acknowledge the loss of territories to militia fighters, reports Anadolu Agency. Both Bahir Dar, the regional capital, and the historic city of Gondar have become the epicenters of violent confrontations, leading to deep distress among the local population. The order aimed to merge security forces from Ethiopia's 11 regions into the federal forces, but it resulted in violent protests in Amhara. The uncertainty is haunting, and we don't know what the future holds," remarked Meseret Tekle, another Bahir Dar resident. Amid the escalating violence, the Tabor Medical Center in Bahir Dar has been inundated with cases of injuries.
Source:Ethiopian News
August 07, 2023 17:45 UTC
Bloomberg Markets: Americas 08/07/2023
00:00ANNOUNCER: FROM THE FINANCIAL CENTERS OF THE WORLD, THIS IS "BLOOMBERG MARKETS" WITH ALIX STEEL AND GUY JOHNSON. I THOUGHT THE EUROPE EARNINGS SEASON WOULD BE REALLY HOT. COMING BACK TO EUROPE, EUROPE THAT IS NOT A GREAT ENVIRONMENT. JESS: TALKING ABOUT ENERGY, THE EARNINGS GROWTH IS SUPPOSED TO CONTINUE. I DON'T SEE CHINA LATER THIS MONTH AFTER THEIR BEACH SUMMIT THEY HAVE EVERY YEAR COMING OUT WITH SOME NEW HUGE DEMAND-SIDE CATALYST AND I THINK THAT'S WHAT'S NEEDED.
Source:Ethiopian News
August 07, 2023 17:32 UTC
Children’s Book Available in Five African Languages Wins Prestigious International Award
Nationwide — Letter From a Plow Nation, a popular children’s book written by Dr. Worku L. Mulat and illustrated by Daniel Getahun, was honored by Gourmand Awards 2023. He has a strong passion to give back to his village and others around Ethiopia by promoting literacy, innovation, and education. This year’s Gourmand Awards Ceremony for the Best in the World took place in Sweden. OHBD-RSG Books program publishes culturally appropriate bilingual books and distributes them to readers in Ethiopia and around the world. Art crosses global boundaries.”Learn more about OHBD Ready Set Go Books at OHBD-RSGBooks.comAlso, be sure to follow the organization on Instagram, Twitter and Facebook.
Source:Ethiopian News
August 07, 2023 17:17 UTC
Ethiopian Airlines to add flights from Gatwick
Ethiopian Airlines is to add a second route from London to Addis Ababa later this year by restarting flights from Gatwick. The African carrier, which already operates daily flights from London Heathrow to Addis Ababa, is due to start Gatwick services from 21 November. Ethiopian, which has not flown from Gatwick since 2006, will offer three weekly services from the UK airport using Airbus A350-900 aircraft. The Star Alliance member also flies between Manchester and Addis Ababa five times per week, with the service operating via Geneva in both directions.
Source:Ethiopian News
August 07, 2023 16:09 UTC
News: WHO expresses concern, calls for uninterrupted access and protection of health care in Amhara region
Addis Abeba – The World Health Organization (WHO) has expressed concerns over the ongoing violence in the restive Amhara region where months-long hostilities between government forces and the non-state Fano militia has escalated over the past few weeks leading to the declaration of state of emergency. On Sunday, Director General of the WHO, Tedros Adhanom (PhD) said “humanitarian access is difficult due to blockage of roads; communication is difficult due to internet suspension,” stating that “conflicts have an immediate impact on people’s health and can have grave, long-lasting consequences on health systems”. “We call for uninterrupted access and protection of health care in Amhara, so [that] WHO and partners can continue our work. According to the UN, the Amhara region continues to grapple with already dire humanitarian and health situations. An ongoing Cholera outbreak has affected 18 woredas across the region, with a total of 2,343 reported cases, 40 unverified deaths as of 27 July 2023, since it was first reported on 23 July.
Source:Ethiopian News
August 07, 2023 15:56 UTC
Fighting in Ethiopia’s Amhara region escalates, government loses control of several towns
Ethiopia’s government has lost control of several districts and towns in the Amhara region to local militia fighters. The informal Amhara militia known as Fano is now in control of the historic towns of Gondar and Lalibela, according to residents who spoke to Daily News Egypt. The Ethiopian government declared a state of emergency on Friday in the Amhara region, following ongoing clashes between government forces and Fano. Last week, Ethiopia’s Deputy Prime Minister Demeke Mekonnen described the ongoing security situation in the region as “concerning” and called for a peaceful resolution of the conflicts. Nega, an Ethiopian journalist and leading opposition figure in the Amhara region, who has been detained under several Ethiopian governments, was released from prison in February 2023.
Source:Ethiopian News
August 07, 2023 15:49 UTC
Ethiopian Graduates over 1500 Aviation Professionals from Seven African Countries
Ethiopian Aviation University, the largest aviation center of excellence in Africa graduates 1,551 aviation professionals in pilot training, aviation maintenance, cabin crew, commercial, and hotel operations professions on August 5, 2023 in a graduation ceremony held at the newly upgraded Ethiopian Aviation University, Commercial Building. “As part of our continental commitment, we will continue to provide Africa with skilled aviation professionals. “We are delighted to see today youths from seven African countries completing one chapter and opening another in their aviation endeavor. “Today the industry welcomes 660 male and 891 female graduates.”Since its formation in 1956, Ethiopian Aviation Excellence Center has been offering various aviation courses, mainly to African youths. Courses being offered at the University include: BSc in Aeronautical Engineering, Aviation Maintenance Engineering, Aviation Management & Operations, BA in Tourism & Hospitality Management, MSc in Data Science, MBA in Aviation Management.
Source:Ethiopian News
August 07, 2023 15:17 UTC
Ethiopian Airlines suspends Amhara flights due to clashes
Ethiopian Airlines (ET, Addis Ababa International) says it has suspended flights from Addis Ababa International to Gondar and Lalibela, two towns in Ethiopia’s northern Amhara region, where armed clashes are increasing again between federal forces and the Fano militia, the news agencies Agence France-Presse, Belga, and Reuters reported. Representatives of the carrier said on August 3 that rotations to Lalibela were interrupted two days previously. On August 3, the government of the Amhara region appealed to the federal authorities to “take appropriate measures” following several days of skirmishes. Addis Ababa said in April that it wanted to dismantle all “special forces” - the paramilitary units that many of the country’s regional states have created over the last 15 years. Ethiopian Airlines has cancelled flights to Amhara before, for example to Gondar and Bahar Dar in November 2020 after those airports were targeted by rocket fire during clashes that contributed to triggering the Tigray War.
Source:Ethiopian News
August 07, 2023 14:59 UTC
Ethiopia accuses Amhara militia of trying to overthrow government
Clashes between Fano militiamen and the Ethiopian National Defence Force (ENDF) continued over the weekend. The conflict has quickly become Ethiopia's most serious security crisis since a two-year civil war in Tigray region, which neighbours Amhara, ended in November. Temesgen Tiruneh, director general of Ethiopia's national intelligence service who was appointed to oversee enforcement of the state of emergency, acknowledged that militia fighters had taken some towns and districts. Fano is a part-time militia that draws volunteers from the local population and was an ally of the ENDF during the Tigray war. Their relationship later deteriorated, in part over recent efforts by federal authorities to weaken regional paramilitary groups.
Source:Ethiopian News
August 07, 2023 14:59 UTC