Mozambique is a southern African nation whose long Indian Ocean coastline is dotted with popular beaches like Tofo, as well as offshore marine parks. In the Quirimbas Archipelago, a 250km stretch of coral islands, mangrove-covered Ibo Island has colonial-era ruins surviving from a period of Portuguese rule. The Bazaruto Archipelago farther south has reefs which protect rare marine life including dugongs.
The Paris Club, comprising 22 wealthy countries, provides a platform for governments facing financial difficulties to reduce and renegotiate their debt repayments. Formed in 1956, it has signed more than 400 agreements to date, worth more than half a trillion dollars to about 100 countries. As public debt soars in the wake of the pandemic, CNBC’s Timothyna Duncan breaks down how this exclusive club functions and the challenges it faces to stay relevant.
A look at the weekend’s newspapers. Plus, what we learned this week, Monocle editor in chief Andrew Tuck’s weekend column and lessons in decluttering.
The “New Silk Road” is an enormous Chinese international development project. It’s a trade network that involves Asia, Africa, and Europe — and more than 70 countries are already involved. It may turn the old world order upside down. China is investing in bridges, port facilities, railroads, and roads around the world. Beijing is spending several hundred billion euros on what it calls the “Silk Road Economic Belt.” Eastern European and the Balkan countries in particular are interested in Chinese loans and investments, as they look beyond the EU for sources of capital. In turn, the region is attractive to China because of its strategic position as a gateway to the West. A new coal-fired power plant is being built in Tuzla, Bosnia, with the help from China. But not everyone is in favor of the project. While the new plant will emit fewer emissions which will have a positive effect on air-quality, some question the country’s decision to commit to using coal for decades to come.
The weekend’s biggest discussion topics: Andrew Mueller on the day’s newspapers; Monocle editor in chief Andrew Tuck’s column; and how the Nextdoor app tries to bring communities together.
The weekend’s biggest discussion topics covered by Monocle’s Tyler Brûlé, Juliet Linley, Eemeli Isoaho and Marcus Schögel, with commentary from our editors in London and Bangkok.
Plus: what’s on the pages of Iceland’s Morgunblaðið newspaper.
China imposed tariffs of up to 212% on Australian wine, prompting politicians around the world to criticize what they call Beijing’s “bullying.” WSJ visits a winemaker who hopes global attention will help the industry. Photo: Lisa Maree Williams/Getty Images
Joe Biden’s greatest challenge will be to repair America’s reputation—currently the lowest it’s been for two decades. How can the new president re-boot America’s global leadership?
The weekend’s biggest points of discussion are dissected by Tyler Brûlé, Solène Léger, Florian Egli and Marcus Kraft, with commentary from our editors in London and Hong Kong. Plus: Israel’s ‘Haaretz’ newspaper.
#Tunisia on Thursday commemorates the 10th #anniversary since the flight into exile of iron-fisted President Zine El Abidine Ben Ali, pushed from power in a popular revolt that foreshadowed strife and civil war in the region, known as the #ArabSpring. FRANCE 24’s Chris Moore tells us more.
Tunisia, officially the Republic of Tunisia, is a country in the Maghreb region of North Africa, covering 163,610 square kilometres. Its northernmost point, Cape Angela, is also the northernmost point on the African continent.