FTC and 22 states sue Amazon over alleged $20bn advertising surcharges
The FTC and 22 US states allege Amazon manipulated advertising auctions and collected more than $20 billion in hidden surcharges; Amazon denies the claims.
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Koysha Hydropower Project Seeks €500 Million to Reach Completion
Ethiopian Electric Power says the 2,200-megawatt Koysha project is 77 percent complete and needs €500 million more, with full operation targeted for 2029.
US announces Venezuela oil agreement covering 65 billion barrels
President Donald Trump says a new agreement with Venezuela would give the United States majority control over 65 billion barrels of proven oil reserves, though key commercial and legal terms have not been disclosed.
Report says Ethiopia led global BRI engagement growth in first half of 2026
A joint university research report cited by The Reporter says Ethiopia attracted more than $18.9 billion in Belt and Road engagement, led by planned renewable-energy projects.
Fed chair says inflation fight is unfinished as markets weigh rate outlook
Federal Reserve chair Kevin Warsh stressed price stability and ended routine forward guidance without committing to the next interest-rate move.
NBE Warns Public Against Illegal Hawala and Unlicensed Remittance Operators
Ethiopia’s central bank says users of illegal hawala networks and unlicensed money-transfer agents risk financial loss and legal or regulatory consequences.
AU highlights payment, transport and standards barriers to African trade
The African Union says payment, transport and technical-standard barriers remain central obstacles to delivering the economic gains promised by the African Continental Free Trade Area.
Ethiopian Airlines launches Chengdu–Africa freighter service
Ethiopian Airlines has opened a new cargo service from Chengdu, creating a direct freight link between southwestern China and African markets.