Paris, France | AFP | Donald Trump’s extraordinary US election victory sent shockwaves across the world on Wednesday, as opponents braced for a “dangerous” leader in the White House while fellow populists hailed a ballot-box revolution by ordinary people. America’s allies put a diplomatically brave face on the outcome of …
Read More »IMF: ‘Brain drain’ hits sub-Saharan Africa
Johannesburg, South Africa | AFP | Skilled workers are leaving sub-Saharan Africa in rapidly increasingly numbers, producing a “brain drain” that causes long-term social damage, the International Monetary Fund warned Tuesday. The IMF said that the number of sub-Saharan migrants living in developed countries could increase from about seven million …
Read More »Uganda one of 10 countries hosting half world’s refugees
London, United Kingdom | AFP | Ten countries accounting for 2.5 percent of world GDP are hosting more than half the world’s refugees, Amnesty International said Tuesday as it slammed what it called the selfishness of wealthy nations. In a report on the plight faced by the world’s 21 million …
Read More »OPEC production deal sends world stocks higher
New York, United States | AFP | US and European markets moved higher on Wednesday as oil producing countries reached a surprise deal to cut oil production, causing crude prices to jump more than five percent. Following the agreement reached in Algiers by members of the Organization of the Petroleum …
Read More »IMF warns central banks could lose deflation fight
Washington, United States | AFP | The International Monetary Fund warned Tuesday that central banks are struggling to beat back deflationary forces and that governments need to spend to help them succeed. In a new assessment of global economic conditions, the IMF said many countries worldwide are battling disinflation …
Read More »Oil prices climb on big fall in US stockpiles
New York, United States | AFP | A big drop in US crude stockpiles sent oil prices sharply higher Wednesday. The US benchmark West Texas Intermediate for delivery in November jumped $1.29 to $45.34 a barrel in New York trade. In London, Brent North Sea oil for November delivery advanced …
Read More »Triathlon: The Brownlees…the antithesis of Cain and Abel
London, United Kingdom | AFP | In one selfless act Olympic triathlon champion Alastair Brownlee erased the fratricidal image of Cain killing Abel as he helped his stricken brother Jonny over the line in the World Series event in Mexico. However, with praise raining down on him Alastair’s blunt no …
Read More »Oil prices down again as Libya, Nigeria set to raise output
Singapore, Singapore | AFP | Oil prices fell in Asia Friday as the prospects of higher output from Libya and Nigeria further fuelled oversupply concerns, cutting short a nascent rebound. Both contracts rose Thursday on news that 6,000 barrels of gasoline had leaked from the Colonial pipeline that carries fuel …
Read More »July was Earth’s hottest month in modern times
Miami, United States | AFP | Soaring temperatures worldwide made July the Earth’s hottest month in modern times, setting a new high mark for global heat in 137 years of record-keeping, US government scientists said Wednesday. The report from the National Oceanic and Atmospheric Administration came just two days …
Read More »Oil continues decline on supply glut
Singapore, Singapore | AFP | Oil prices fell for a third day in Asia trade Thursday after figures showing high US crude stockpiles and increased Saudi production. Official US data on Wednesday showed a jump in crude inventories, taking by surprise investors who expected a drawdown in supply, pushing prices …
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