Multilateral development banks present study on technology’s impact on jobs

Rapid technological progress provides a golden opportunity for emerging and developing economies to grow faster and attain higher levels of prosperity. However, some disruptive technologies could displace human labour, widen income inequality and contribute to greater informality in the workforce. Tapping new technologies in a way that maximizes benefits, mitigates adverse effects and shares benefits among all citizens will require public-private cooperation and smart public policy.

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Shell agrees to $0.95b sale of downstream business in Argentina to Raízen

Shell has signed an agreement to sell its Downstream business in Argentina to Raízen for US$0.95 billion in cash proceeds at completion, subject to customary closing conditions. The sale includes the Buenos Aires Refinery, around 645 retail stations, liquefied petroleum gas, marine fuels, aviation fuels, bitumen, chemicals and lubricants businesses, as well as supply and distribution activities in the country. Additionally, after the transaction closes, the businesses acquired by Raízen will continue their relationships with Shell through various commercial agreements, which represent an estimated value of US$0.3 billion.

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SERAP asks court to order Saraki, Melaye, others to refund ‘illegal N13.5m allowance with interest

Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal High Court in Lagos to order the Senate President Bukola Saraki, Senator Dino Melaye and 107 other senators to refund “illegal and unconstitutional N13.5 monthly allowance receives by each senator with interest, and to stop the lawmakers from receiving such unjustified allowances.”

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