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Zambia's president defends 'economic diplomacy' to escape debt
Zambia's president defends 'economic diplomacy' to escape debt
Business and Economy
by  AFP

Zambian President Hakainde Hichilema said his copper-rich country needs to forge diverse economic partnerships worldwide to extract itself from a debt burden he described as a "python around our necks." The debt is "like a python around our necks, ribs and legs," Hichilema said in an interview with Agence France-Presse in Paris after meeting President Emmanuel Macron for talks on Wednesday.

'Full recovery': Emirates Group unveils record $3bn profit
'Full recovery': Emirates Group unveils record $3bn profit
Business and Economy
by  AFP

Emirates Group announced a record $3 billion annual profit on Thursday, hailing a "full recovery" for the Dubai-based carrier after last year's losses due to the pandemic. "We're proud of our 2022-23 performance which is not only a full recovery but also a record result," Emirates chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum said in a statement.