Algeria's 2017 Energy Earnings Soar
Algeria's energy earnings, the main source of state finances, rose 16.45 percent in 2017, helping to reduce the trade deficit by 34.4 percent, according to official figures reviewed by Reuters on Monday. The decline in the deficit pushed up the coverage of imports by exports to 76 percent, against 64 percent in 2016, customs data showed.
Chinese Firms Active While Ven's Factories Remain Idle
Five years after Chinese home appliance maker Haier agreed to build a $912 million factory in Venezuela, its washing machines and refrigerators are almost the only ones available in the country's department stores. Those appliances, however, are not made in Venezuela. They are instead imported from Haier factories in China…
Alberta's NDP Rookies Scramble to Govern
The election victory by the New Democratic Party (NDP) on Tuesday will deliver one of the most inexperienced parties ever to take office in Canada. The party previously held just four of 87 seats in the legislature and only a few of its 53 new lawmakers have ever held public office. Among resumes that list experience as union workers…
Struggle for Libyan Oilfield Reflects Fractured Nation's Conflict
Libya's biggest oilfield, shut down by gunmen last week, may struggle to rebuild production as the conflict splintering the desert nation draws in ever more groups of fighters, including poor southern tribes staking a claim to land resources. The 340,000-barrels-a day El Sharara oilfield was attacked last week by gunmen…
