World Economy

Oil prices fall as markets look up Iraq for supply boost

Business Affairs September 25, 2025 0

Agency Report Oil prices declined yesterday as markets anticipate supply boost from Iraq export coming into the global commodity market....

Europe champions fighting climate change but misses emissions deadline

Business Affairs September 19, 2025 1

European Union countries' climate ministers confirmed on Thursday that the bloc will miss a global deadline to set new emissions-cutting...

Commodity dependence runs deep. Developing countries must add value to turn the tide

Business Affairs August 25, 2025 0

The world still has a long way to go in breaking commodity dependence, a situation where a country makes more than...

The state of commodity dependence 2025

Business Affairs August 25, 2025 0

An economy is considered “commodity-dependent” when over 60% of its merchandise exports are commodities, mainly comprising energy, mining and agricultural...

World plastic pollution treaty ends with no deal

Business Affairs August 19, 2025 0

Agency Report Countries failed to find consensus on how the world should tackle the ever-growing scourge on plastic pollution which...

Natural disasters cause $131bn damage in first half of 2025

Business Affairs July 29, 2025 0

Natural disasters such as wildfires, storms, and earthquakes had caused 131 billion dollars of damage worldwide in the first half...

Energy access improving, international financial support still needed to boost progress, address disparities

Business Affairs July 4, 2025 0

New report urges scaled-up tailored financial support for decentralised renewable energy to reach 666 million people in rural and vulnerable...

Africa: FDIs hit record $97bn in 2024

Business Affairs July 2, 2025 0

Orisemeke Benjamin The latest World Investment Report from UN Trade and Development (UNCTAD) says foreign direct investment (FDI) inflows to Africa...