- Reuters via Yahoo! NewsSep 02 12:30 AM
By Herculano Coroado LUANDA (Reuters) - Angola needs to cut its spending to match falling oil sales revenue after the crude price drop, the Central Bank Governor told Angola National State Radio (RNA) on Tuesday. Jose Pedro de Morais told RNA that Angola needed to adjust the parameters of the economy and the availability of money in foreign currency to end its currency crisis. A sharp decline in...
- Associated Press via Yahoo! NewsSep 02 08:09 AM
NEW ORLEANS (AP) — The latest on arguments in the case of the last incarcerated member of the "Angola Three" (all times local):
- Reuters via Yahoo! NewsSep 02 01:09 AM
A Brazilian labor court convicted units of Brazil's Odebrecht Group of holding workers in conditions akin to slavery at an ethanol refinery construction project in Angola, Brazilian prosecutors said in a statement on Tuesday. Judge Carlos Alberto Frigieri of the 2nd Part of the Labor Court of Araraquara, Brazil, ordered Odebrecht to pay 50 million reais ($13 million) in damages. The ruling comes...
- International Business TimesSep 01 12:05 PM
Since the end of a 27-year civil war in 2002, billions of dollars in oil revenues and associated Chinese loans have bankrolled an immense physical transformation in Angola in the form of new roads, bridges, airports, hospitals and schools. Farms laced with landmines were cleared for planting, and urban slums were rebuilt into shiny, modern cities in the former Portuguese colony. In 2012, Angola...
- ABC NewsSep 02 03:15 AM
Fate of 'Angola Three' inmate is argued before appeals court: Should he face 3rd murder trial?
- AFP via Yahoo! NewsAug 15 10:45 PM
From beating women to unleashing dogs on protesters, Angola's government runs the oil-rich nation with an apartheid-style iron fist, says maverick activist Rafael Marques de Morais. "Some of the methods the Angolan regime uses are reminiscent of what the apartheid regime used here in South Africa against the majority of the people," Marques told AFP in an interview in Johannesburg. "It's ...
- Reuters via Yahoo! NewsAug 18 02:24 AM
By Herculano Coroado LUANDA (Reuters) - Foreign investors in Angola face new restrictions on the amount of hard currency they can repatriate, the central bank governor said, as regulators seek to prop up an economy weakened by a sharp drop in crude prices. Africa's second largest crude producer is struggling to prop up its economy after a halving of oil prices last year sapped dollar inflows ...
- Reuters via Yahoo! NewsSep 02 10:19 AM
Lawyers for a prisoner who spent some 40 years in isolation told a federal appeals court on Wednesday he is too sickly to endure a third trial for a prison guard's 1972 murder and should be released, as a lower court ordered earlier this summer. Albert Woodfox, 68, is the last of three black prisoners known as the Angola Three, whose lengthy stays in solitary confinement drew attention to ...
- BloombergAug 24 07:03 AM
Angola’s state-owned oil company agreed to acquire Cobalt International Energy Inc.’s 40 percent interest in discoveries off the nation’s coast for $1.75 billion.
- Minneapolis-St. Paul Star TribuneSep 02 07:42 AM
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