Raised in vertical farms and stuffed with fruit waste, fly larvae have been turned into animal feed, as a new Costa Rican venture in sustainability is demonstrating.
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Oil prices jump as Hamas attack on Israel fuels supply fears
Oil prices rallied while the dollar and yen advanced Monday after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions in the Middle East. "But with Middle East analysts considering this to be a pivotal moment for Israel, the view looks incendiary in any current scenario."
IMF, World Bank hold first meetings in Africa in 50 years
The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change. The International Monetary Fund and World Bank traditionally hold their annual gathering of finance ministers and central bank governors outside their Washington headquarters every three years.
Luxembourg's coalition goverment loses majority at the ballot box
The coalition government of Luxembourg's Liberal Prime Minister Xavier Bettel lost its parliamentary majority Sunday, as the Greens were routed in a general election. But this time the three-party coalition of Liberals, Socialists and Greens, led since 2013 by 50-year-old Bettel, will not be able to stand in their way.
Spain's first private rocket successfully lifts off
A Spanish company launched the country's first private rocket on Saturday in a step towards bringing Spain into the exclusive club of space-faring nations. Under a deal signed with the French National Centre for Space Studies, the mini-launcher will take off from the Kourou Space Centre in French Guiana.
US auto workers' union reports progress, holds off on strike expansion
Citing last-minute progress in talks, the head of the US auto workers' union said Friday the labor group would maintain the current strike but not expand it to other plants this week. Fain maintained the possibility of escalating the strike further down the road, but added no more targeted plants after announcing prior expansions the last two Fridays following the initial stoppage on September 15.
Kenya's Ruto to ask China for $1bn loan, debt restructure
Kenyan President William Ruto will ask China for a $1-billion loan and a restructured debt payment plan, his deputy said Friday, despite having criticised his predecessor's heavy borrowing from Beijing. Deputy President Rigathi Gachagua said Ruto would travel to China and ask for "more time to repay the debt slowly" and $1 billion to complete road projects delayed by financing shortfalls.
Pioneer shares rocket higher on ExxonMobil takeover reports
Shares of Pioneer Natural Resources surged more than 10 percent Friday following reports the shale producer is nearing a megadeal to be acquired by ExxonMobil. Near 1540 GMT, Pioneer shares jumped 10.2 percent, while ExxonMobil was down 2.4 percent. jmb/md
US logs fastest hiring pace in months
US employers picked up their hiring pace unexpectedly in September while unemployment held steady, government data showed on Friday, adding pressure on policymakers seeking to cool the economy. The latest government jobs report comes after figures by payrolls firm ADP released earlier this week showed hiring in the private sector slowed sharply in September. bys/md
Africa to get 'stronger voice' at IMF: Georgieva
Sub-Saharan Africa will have a "stronger voice" at the International Monetary Fund as it will get a third seat on the global lender's executive board, IMF chief Kristalina Georgieva told AFP. Georgieva delivered the news ahead of next week's IMF and World Bank meetings in Marrakesh, Morocco -- the first gathering on the continent since 1973.
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