Despite a collapse in crude oil prices, which earlier this year hit two-decade lows caused by the pandemic, Africa’s largest oil producer hopes its mining industry will grow tenfold in the next five years. Nigeria is banking on mining to revive its flagging economy. The country’s mining minister Olamilekan Adegbite said it aims to have 50 mines in operation by 2023 to make up for lost time caused by COVID-19. (Reuters)
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France’s health ministry says the country has seen an “exponential surge” in coronavirus cases days before millions of French children were due to return to school. Its daily tally of 7,379 new cases is only 200 less than the record it set in March. President Emmanuel Macron said his government was “doing everything to avoid another lockdown.”
Australia has entered its first recession in 30 years. Its economy shrunk by 6.3 per cent over the past 12 months, the most severe contraction since the Great Depression almost 100 years ago, according to the Australian Bureau of Statistics. From the end of September, wage subsidy payments are set to begin reducing. (The Age)
A rise in coronavirus cases is fueling a surge in anti-immigrant sentiment, even though the government says that migrants are just a small part of the problem. Sicily’s president, Nello Musumeci, ordered all migrant centers closed in order to prevent the spread of the disease, despite official data showing “minimal” effect from new arrivals. (New York Times)