Youth Unemployment, Poverty Driving Insecurity In Africa – AfDB
The President of the African Development Bank (AfDB), Mr Akinwumi Adesina, has identified youth unemployment and poverty as the factors...
World Economy
Shipping disruptions threatens global trade, says UNCTAD
Omeiza Bilal Recent attacks on commercial vessels in the Red Sea have severely affected shipping through the Suez Canal, adding...
Russia-Ukraine presents risk of ‘another recession in Africa’ – UNECA
Omeiza Bilal The United Nations Economic Commission for Africa (UNECA) has said that the Russia-Ukraine war further increased the debt-service...
Vietnam’s fruit, vegetable exports to hit $6.5bn
Vietnam’s exports of fruits and vegetables are forecast to reach $6.5 billion in 2024, after setting a record of nearly 5.6...
Oil gains after OPEC+ maintains output cuts
Oil prices rose on Friday following a decision by OPEC+ to keep its oil output policy unchanged, although benchmarks were...
Shell commences job cuts to boost investors’ return
Oil major, Shell has commenced cutting hundreds of jobs, including roles within its low-carbon solutions unit. The layoffs form part...
40% of globak jobs at risk over AI deployment, says IMF
The International Monetary Fund (IMF) says nearly 40 per cent global jobs may be lost due to the influence of...
M/East conflict to drive food insecurity globally, says W/Bank
The World Bank has warned that an increase in conflict in the Middle East could potentially worsen the food insecurity...
Global growth slows in 2024, weakest half-decade performance in 30 years – W/Bank
The World Bank says global growth in 2024 would slow to 2.4 per cent—the slowest half-decade of GDP growth in...
Oil production to fall below 27mbpd in 2024 – OPEC
Daily oil production by the Organization of Petroleum Exporting Countries (OPEC) would slip below 27 million barrels per day (bpd)...
