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Business Insider
4 minutes ago
- Business Insider
Chinese firm seals $100 million grain deal in Angola, second agriculture investment this week
China's Sinohydro Group will invest more than $100 million in Angola to develop new sources of grain. Sinohydro Group is set to invest over $100 million in Angola for grain development. Angola granted a tax-free 25-year land concession of 30,000 hectares to Sinohydro. The project aims to improve agricultural infrastructure using existing equipment. China's Sinohydro Group will invest more than $100 million in Angola to develop new sources of grain, marking the second major agricultural agreement between the two countries in less than a week. Under a deal signed late Thursday in Luanda, Angola granted Sinohydro a 25-year, tax-free land concession covering 30,000 hectares across six eastern provinces, Bloomberg reported. The Chinese engineering and infrastructure giant will utilise equipment already available in the country to expedite the rollout of logistics and agricultural support infrastructure. 'Angola has vast land but lacks basic infrastructure,' said Li Xunfeng, Sinohydro's Managing Director, at the signing ceremony. 'This is the right time to invest; the environment here is better than in many African countries.' The announcement follows a $250 million investment revealed earlier this week by a subsidiary of Chinese state-owned conglomerate Citic Ltd., which plans to develop large-scale soybean and corn farms in Angola. Sinohydro, which has been operating in Angola for over two decades, stated that the new project aligns with the Angolan government's initiative to revive large-scale farming and reduce its reliance on food imports. 60% of output bound for China According to Agriculture Minister Isaac dos Anjos, about 60% of the produce, mainly soybeans, will be exported to China, while the remainder will support domestic consumption. The concession will be divided into plots ranging from 500 to 1,000 hectares to accommodate both commercial farms and community-led initiatives. Sinohydro also plans to establish a seed research and testing centre to improve yields and attract more Chinese agribusinesses to the country.
USA Today
35 minutes ago
- USA Today
Men don't like how Trump treats the economy. Democrats must cash in on that.
Democrats are being given an opportunity to fix their messaging with Americans who are quickly turning on President Donald Trump. According to new polling, American men are beginning to lose faith in President Donald Trump. It took them long enough, but I'm glad they're here with the rest of us. A CBS News/YouGov poll showed that the president's approval rating among men had dropped to 47%, while 53% disapproved of the job he was doing. It's a stark contrast from the November election, when Trump won male voters by 55%. It's a troubling sign for Republicans, but an opportunity for Democrats to gain ground with male voters before 2026. While men tend to go for the GOP, there is a possibility that Trump continues to alienate them by continuing to torpedo the economy and making irrational decisions when it comes to foreign policy and immigration. Can Democrats fix their messaging? The big issue for men? How Trump handles the economy. Men are particularly upset by Trump's handling of the economy. According to the CBS News/YouGov poll, 49% of men say the economy is getting worse, and 59% disapprove of how he's handling inflation. Sixty percent of men think he's focusing too much on tariffs, while 65% say he isn't doing enough to lower the cost of goods and services. Opinion: MAGA, I feel bad Trump lied to you about the Epstein list. Who saw this coming? Democrats, who tend to have weaker messaging on the economy, should take these criticisms and run with them. The cost of tariffs is likely to be passed on to the consumer. The nation's gross domestic product just declined for the first time in three years. Inflation may be cooling, but prices aren't falling. By putting the blame on Trump for the economic strife Americans are feeling, the Democratic Party could potentially show men that Republican lawmakers may not be the ones to rely on when it comes to their finances. When the rest of us know that was always the case. Men are also dissatisfied with the conflict in Gaza, and immigration While 55% of men say the economy and inflation are critical in how they view the president, there are some issues where Trump is also beginning to lose favor. For example, 53% of men say they are dissatisfied with the Trump administration's handling of the Israel-Hamas war, which the president said he'd end on the campaign trail. Fifty-one percent disapprove of his interactions with Iran. Fifty percent of men disapprove of how Trump is handling immigration, with 47% saying the administration is deporting more immigrants than they believed it would, according to that same poll. All of these concerns are corroborated by other polls that show Trump is widely disliked. This should be a wake-up call that Democrats need to strengthen their message on the Israel-Hamas war, at least advocating for peace talks. They could also combine immigration with economic issues, and stress how Trump's deportation agenda could negatively affect the GDP and increase the cost of food. Opinion: Trump keeps brutalizing immigrants because he's failing at everything else Gen Z is particularly unhappy Generation Z, born between 1997 to 2012, also seems to have woken up to Trump's failures. The CBS News/YouGov poll found that his approval rating among 18- to 29-year-olds plummeted to 28% in July. Seventy-one percent of those under 30 disapprove of Trump's handling of the economy, and 73% disapprove of how he's handling inflation. As with men, it's a far cry from how Gen Z felt about Trump in the 2024 election, when voters ages 18-29 supported Democratic presidential nominee Kamala Harris by a much smaller margin than they supported former President Joe Biden in 2020. Among this age group, 56% of males voted for Trump, 1 percentage point more than among all male voters. Opinion: Trump is unpopular, polls show, and he's building an America most Americans hate It's telling that the generation whose perception of the Republican Party is entirely shaped by the rise of Trump is suddenly souring on him. Perhaps people around my age are finally realizing that targeting marginalized communities won't actually improve their quality of life, or that Trump made promises he couldn't keep. They might also be realizing that the positive emotions they felt during the first Trump administration can be chalked up to childhood nostalgia. For those of us in the generation who were old enough to vote in 2016, the negatives of Trump's first presidency were unavoidable. Opinion alerts: Get columns from your favorite columnists + expert analysis on top issues, delivered straight to your device through the USA TODAY app. Don't have the app? Download it for free from your app store. If the Democrats are clever, they'll consider this polling and begin brainstorming ways to further drive a wedge between Trump and male voters, particularly those in Gen Z. Yet I'm not sure Democrats are prepared to pick up the young voters Republicans are siphoning off. Their solution now seems to be doing nothing – Democratic leadership essentially disappeared after the 2024 election, and no one seems to know how to get the party back on track. Ahead of the 2026 midterm elections, they need to focus on more than podcasts and memes. They need to be working on crafting a populist message and focusing on economic issues, because that seems to be the deciding factor in whether or not a president is doing well. Follow USA TODAY columnist Sara Pequeño on X, formerly Twitter: @sara__pequeno You can read diverse opinions from our USA TODAY columnists and other writers on the Opinion front page, on X, formerly Twitter, @usatodayopinion and in our Opinion newsletter.
Bloomberg
an hour ago
- Bloomberg
Iran Expects to Hold More Nuclear Talks With Europe's E3 Soon
Iran and European powers agree they need to hold another round of nuclear talks soon following discussions in Istanbul on Friday, said Iranian Deputy Foreign Minister Majid Takht-Ravanchi. Separately, Iran's president said he wouldn't rule out diplomacy with Israel as a one-month ceasefire holds between the arch-enemies.
