After years of loose monetary policy, with 0.5 percent interest rate and three consecutive waves of quantitative easing (QE), including buying US$ 85 billion per month of Treasury bonds (T-bonds), Ben Bernanke, the chairman of the Fed’s board of governors, announced in May the Fed’s intention to commence tapering its asset purchase program. The Fed’s […]
The National Commission for the Counting of Votes has officially announced on November 21 the results, confirming a landslide victory for Ousmane Sonko’s Pastef party. Pastef secured 130 out of 165 parliamentary seats, far exceeding the 3/5 qualified majority it aimed for, now controlling 78% of the legislature. This historic win includes victories in 40 […]
Algerian Customs officers and borders agents have discovered lately radioactive waste in three containers shipped from China to Algiers port. According to Algerian local press, the tests carried out on the suspected hazardous merchandise and material found in the containers were indeed radioactive stones and rocks. The containers were imported by an Algerian businessman. Investigators […]
