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  • LONDON/ ABUJA, Aug 5- The Nigerian president's sudden, unexpected and seemingly unilateral decision to ban nearly 100 oil tankers from the country's waters has sown confusion in the operations of Africa's largest crude exporter. Last month, he announced plans to cleave state oil firm NNPC in two, though details are vague, and sacked the chiefs of the Navy and the...

  • CAIRO— Egypt is to unveil a major expansion of the Suez Canal on Thursday in what the government hopes will be a moment of national pride following years of political unrest. The Khedive of Egypt, Ismail Pasha, inaugurated the original canal in 1869 in a ceremony celebrating the modernization of Egypt. Egypt later sold its shares to imperial Britain because of a...

  • Aug 4- Forget Milwaukee and Brooklyn- Lagos and Dar es Salaam are the new brewery hot spots, according to U.S. mutual fund managers as they tap Africa's emerging beer companies in pursuit of long-term returns on investment. Africa is expected to see the largest increase in the legal drinking age population by 2018, while in western Europe and North America, the...

  • ABUJA, Aug 4- Nigeria's President Muhammadu Buhari appointed a new group managing director of the state oil firm on Tuesday, a statement from the presidency said. Emmanuel Ibe Kachikwu was named as the new head of the Nigerian National Petroleum Corporation, which has been accused of failing to account for billions of dollars in the last few years.

  • A positive effect from a strong U.S. dollar will also compensate for a poor performance of Jamaica's sugar business, Chief Financial officer Paolo Marchesini said in a conference call with analysts after the results announcement. The Milan- based group said first-half earnings before interest and tax, excluding one-off items, rose to 139 million euros from...

  • NAIROBI, Aug 4- Loss-making Kenya Airways, which has been hit by a slump in tourism in the African country, may require a $500- 600 million bailout, Kenya's finance minister said on Tuesday. The carrier, part-owned by Air France-KLM, has not made a profit in three years and sunk deeper into the red in the year through March with a pretax loss of 29.7 billion shillings.

  • US airlines ban shipment of hunting 'trophies' Tuesday, 4 Aug 2015 | 7:49 AM ET

    American Airlines and United Airlines soon followed. American spokesman Ross Feinstein said it's largely symbolic because his does not serve Africa. United, which only has one flight to Africa, also announced Monday afternoon its own restriction.

  • ALGIERS, Algeria— Algeria is in the grips of political intrigue, as the president nears death and rumors of coup attempts swirl. The stakes for the oil-rich nation— a key U.S. ally against terrorism— are especially high because of the dramatic fall of oil prices and the rising threat from extremist groups across the border in Mali, Libya and Tunisia.

  • BERLIN— Customs officials at Zurich airport have seized 262 kilograms of ivory that three Chinese men had dispatched from Tanzania, contraband that may have come from up to 50 elephants, Swiss authorities said Tuesday. The elephant tusks had been sawed into 172 pieces to fit into the luggage, which was being transported from Tanzania's capital, Dar es Salaam, to...

  • Aug 3- U.N. sanctions experts have accused British company Soma Oil and Gas of making large payments to Somalia's oil ministry that created a "serious conflict of interest," some of which appeared to have been used to pay off senior officials. The allegations outlined in the report, which has been submitted to the U.N. Security Council's Somalia/ Eritrea sanctions...

  • Delta to ban hunting trophies from its flights Tuesday, 4 Aug 2015 | 1:36 AM ET
    Protesters rally outside the River Bluff Dental clinic against the killing a famous lion in Zimbabwe, in Bloomington, Minnesota July 29, 2015.

    US carrier has a major change of heart, announcing it would no longer accept lion, leopard, elephant, rhinoceros and buffalo trophies.

  • NEW YORK— Delta Air Lines had a major change of heart about shipping hunting trophies, announcing Monday afternoon that it would no longer accept lion, leopard, elephant, rhinoceros and buffalo trophies. The move comes after an American dentist killed a well-known lion named Cecil in Zimbabwe last month in an allegedly illegal hunt, setting off a worldwide...

  • LONDON, Aug 3- The biggest losers from the current price war between OPEC and the shale producers seem set to be producers outside the Middle East and North America caught in the cross-fire. Expensive production from the North Sea, Canada's oil sands, offshore megaprojects, weaker African and Latin American members of OPEC, and frontier exploration areas around...

  • BRUSSELS, Aug 3- Heineken NV, the world's third-largest brewer, announced better-than-expected earnings for the first half on Monday, helped by robust growth of its Tiger brand in Vietnam and rising beer sales in Mexico and parts of Europe. The Dutch brewer, whose Heineken lager is Europe's top seller, increased profit on a like-for-like basis in all regions...

  • Drivers weigh in on Uber boom in NYC Monday, 3 Aug 2015 | 1:44 AM ET

    While New York City riders have increasingly more choices in how to get from here to there with the rise of e-hailing apps— and lawmakers grapple with how to regulate the booming industry— the drivers who keep cars moving are stuck in the middle. "In three years, there will be no taxis on New York City streets," Uber driver Michael Keflom predicted as he prowled the...

  • Aug 2- Fuji Heavy Industries, the parent company of automaker Subaru, has told its network of suppliers that it expects them to treat workers fairly and to uphold "human rights and international standards of behavior." "Fuji Heavy Industries does not condone the exploitation of any class of worker, either in its own operations or within its supply chain," the company...

  • CNBC update: Ebola vaccine Friday, 31 Jul 2015 | 10:29 AM ET
    CNBC update: Ebola vaccine

    An experimental Ebola vaccine is showing early promise in Africa, and Beijing has been chosen to host the 2022 Winter Olympic Games, reports CNBC's Sue Herera.

  • *Kenyan brewer has 51 pct stake in Tanzania brewer. *Tanzania regulator wants to revoke the stake. NAIROBI, July 31- Kenya's East African Breweries Ltd said on Friday it would try to convince Tanzanian authorities not to revoke its acquisition of a controlling stake in Tanzania's second-largest brewery.

  • Merck, NewLink's Ebola vaccine 100% effective Friday, 31 Jul 2015 | 8:13 AM ET
    A woman gets vaccinated on March 10, 2015 at a health center in Conakry during the first clinical trials of the VSV-EBOV vaccine against the Ebola virus. The World Health Organization (WHO) said on March 5 that clinical trials launched on March 7 in Guinea marked the last step before the vaccine is available on the market.

    An Ebola vaccine developed in record time has proved highly effective against the deadly virus in a large trial in Guinea.

  • MELBOURNE, July 31- London copper ticked lower on Friday and was facing its biggest monthly loss since January amid sputtering Chinese demand and a stronger dollar, with traders squaring books ahead of the month-end and Chinese factory data over the weekend. *Shanghai Futures Exchange copper fell 0.8 percent to 38360 yuan a tonne. Power cuts in Africa's...