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Bombardier Quits Commercial Aviation After Failing to Break the Boeing-Airbus Stranglehold

Bombardier has given up on commercial aviation, selling its regional jet business to Mitsubishi Heavy Industries (MHVYF) for $550 million in cash. The sale marks the end of an era for Montreal-based Bombardier, which has been forced to admit defeat in the face of heavy competition from the industry's entrenched duopoly, Boeing(BA) and Airbus (EADSY). Bombardier (BDRAF) CEO Alain Bellemare said the

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“Africa and The World Must Partner on Win-Win Basis” – Museveni

The development relationship between Africa and the rest of the world must be premised on a win-win model, President Museveni has said. “Africa and China should establish an equitable trade and development model that should emancipate humanity from the primitive tendencies of win-lose situations,” said the President. “We should all work

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Ethiopia Army Chief Shot Dead in Coup Attempt

The chief of staff of the Ethiopian army, Gen Seare Mekonnen, has been shot dead by his own bodyguard in the capital, Addis Ababa. He and another officer died trying to prevent a coup attempt against the administration in Ethiopia's northern Amhara region, PM Abiy Ahmed said. In Amhara itself, regional governor

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Egypt’s Ousted President Mohammed Morsi Dies During Trial

Egypt's former President Mohammed Morsi, ousted by the military in 2013 after one year in office, has collapsed in a courtroom and died, officials say. A top figure in the now-banned Islamist movement Muslim Brotherhood, Morsi had just spoken from a cage at a hearing on charges of espionage on Monday.

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Uganda’s Readiness to Host Commonwealth Impresses CPA Chief

The Secretary General of the Commonwealth Parliamentary Association (CPA), Mr Akbar Khan, is impressed by Uganda’s readiness to host the 64th Commonwealth Parliamentary Conference (CPC). Mr Khan made the remarks at a meeting with Members and staff of Parliament on Friday, 7 June 2019 to appreciate the progress of preparations to

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Tony Elumelu Foundation to Host the Largest Gathering of African Entrepreneurs

The Tony Elumelu Foundation (TEF), Africa’s foremost champion of entrepreneurship, will host its 5th Annual Forum — the largest annual gathering of African entrepreneurs – on July 26 – 27, 2019. The two-day event will take place at the iconic Transcorp Hilton Hotel, Abuja. The Forum is the culmination of the

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Comedian Wins Presidential Election in Ukraine

Ukrainian comedian Volodymyr Zelensky has scored a landslide victory in the country's presidential election. With nearly all ballots counted in the run-off vote, Mr Zelensky had taken more than 73% with incumbent Petro Poroshenko trailing far behind on 24%. "I will never let you down," Mr Zelensky told celebrating supporters. Russia says it

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Sudan Military Ousts President Omar al-Bashir

After nearly 30 years in power, Sudan's President Omar al-Bashir has been ousted and arrested, the defence minister says. Speaking on state TV, Awad Ibn Ouf said the army had decided to oversee a two-year transitional period followed by elections. He also said a three-month state of emergency was being put in

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New Zealand: Dozens Killed in Terrorist Attack on Mosques

Forty-nine people have been killed and at least 20 others injured in shootings at two mosques in New Zealand city of Christchurch in the worst attack in the Pacific country's history. New Zealand's Prime Minister Jacinda Ardern told a news conference that the mosque shootings appear to have been a well-planned "terrorist attack". "This is, and

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