Fast-growing $2trn private credit market warrants closer watch
The private credit market, in which specialized non-bank financial institutions such as investment funds lend to corporate borrowers, topped $2.1...
World Economy
After slight rise in 2023, methane emissions from fossil fuels to decline soon – IEA
Methane emissions from the energy sector remained near a record high in 2023 – but substantial policies and regulations announced...
OPEC Says Global Oil Industry Needs $11.1trn Investments by 2045 to Meet Growing Demand
Agency Report The Organisation of Petroleum Exporting Counties (OPEC) has projected that the oil industry will need cumulative investments of...
Africa to save $17bn yearly as Dangote refinery comes on stream
The exploitative $17 billion refined petroleum products importation by African countries from refiners in Europe is set to end with...
UNCTAD says global trade to rebound in 2024
Uzezi Samuel United Nations Conference on Trade and Development (UNCTAD) has said that global trade will rebound in 2024 after...
“Severe financial challenges” slowing down UNFCCC’s climate action work
The United Nations Framework Convention on Climate Change (UNFCCC) is facing “severe financial challenges” as the ability to fulfill its...
Global water crises threaten world peace- UN
Increasing global water scarcity is fueling more conflicts and contributing to instability, the United Nations warns in a new report,...
ILO reaches agreement on the issue of living wages
Uzezi Samuel A decision by the ILO’s Governing Body opens the way for new work by the ILO on the...
U.S. sets world oil production record for sixth consecutive year, EIA reports
The Energy Information Administration (EIA) released data showing that the U.S. produced more crude oil than any nation at any...
Urgent action will accelerate gender equality – W/Bank
The World Bank says urgent action is needed to accelerate gender equality and equal opportunity for all. The bank said...
