slump in commodities market

BRITAIN-NORWAY-OIL-EARNINGS-STATOIL

Statoil's dividend irks major wealth fund

The Norwegian government is reeling under pressure owing to oil price drop. The lower oil price is eroding revenues for the government. The Norwegian government is counting on state's dividends from Statoil ASA.

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ETHIOPIA-DROUGHT-AID-UN

Public spending propels Africa's fastest growing economy Ethiopia

The east African nation Ethiopia is poised to grow at 8.1 percent in 2016 from 8.7 percent growth in 2015. This makes Ethiopia a fastest growing nation in the world. The government spending on infrastructure projects is mainly driving the economy growth.

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