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Climate disaster aid scheme 'Global Shield' launched at COP27
Climate disaster aid scheme 'Global Shield' launched at COP27
Africa
by  AFP

A scheme to give speedy financial support to communities battered by climate disasters was launched Monday by a group of rich and developing nations at the UN COP27 summit in Egypt. The initiative, backed by the G7 and launched with initial funding of more than $200 million, aims to provide "pre-arranged financial support designed to be quickly deployed in times of climate disasters".

Ghana president fires junior minister over graft allegations
Ghana president fires junior minister over graft allegations
Africa
by  AFP

Ghana's President Nana Akufo-Addo on Monday fired his junior finance minister over corruption allegations made in an upcoming documentary on illegal gold mining. The presidency's statement said Akufo-Addo's decision came after "being made aware of the allegations" against Boahen in the documentary "Galamsey Economy," which is scheduled to be released on Monday.

Vuitton heir's apartment burgled in Paris
Vuitton heir's apartment burgled in Paris
Business and Economy
by  AFP

The Paris home of an heir of the Louis Vuitton luxury empire was burgled at the weekend, sources close to the case said Monday, with thieves taking high-end watches, jewelry and bags. Last week, fake Louis Vuitton bags were among nearly one million euros' worth of knock-offs police found in a raid on a clandestine outlet near Paris.