Ad
Key Takeaways Africa is home to 23 of the top 30 countries with the highest rates of extreme poverty. Kosovo ranks in 19th globally in 2024, seeing the highest rates outside of Africa—a country that faces high unemployment rates and ongoing conflict. The Democratic Republic of Congo (DRC) produces roughly three-quarters of the world’s cobalt, it…
October 9, 2025
Oil prices fell in early morning trade on Thursday in Asia as Israel and Hamas agreed to a pause in fighting and a hostages-for-prisoners exchange, under a framework advanced by the Trump administration. Under the agreement, Hamas will release as many as 20 living hostages this weekend, and Israel will pull back forces to a negotiated…
October 9, 2025
Key Takeaways For the first time since 1996, foreign central banks’ gold reserves have overtaken their U.S. Treasury holdings. Persistent gold buying and rising U.S. debt risks are reshaping reserve composition toward hard assets. Central banks have crossed a symbolic line: their combined gold reserves now exceed their U.S. Treasury holdings for the first time…
October 8, 2025
Oil prices rose early on Wednesday after an industry report showed on Tuesday that the crude stocks at the key Cushing hub fell further and OPEC+ somewhat eased fears of an imminent glut with a planned modest increase in output. As of 8:05 a.m. EDT on Wednesday, WTI Crude prices were up by 1.44% at $62.62, while…
October 8, 2025
Key Takeaways Two-thirds of U.S. Senators are over the age of 60, with Democrats averaging 63.7 years old. Senator Jon Ossoff (38) is the youngest Democrat, while Richard Durbin (80) is the oldest. The U.S. Senate is one of the oldest legislative bodies in the world, with a majority of lawmakers well into their 60s…
October 8, 2025
OPEC+ spare capacity is shrinking fast, with only Saudi Arabia, the UAE, and Iraq holding meaningful extra production capability. Analysts warn that actual spare capacity may be overstated. As OPEC+ unwinds its remaining cuts and producers hit physical limits, the world’s oil buffer is thinning. The OPEC+ group continues to return modest volumes of supply…
October 8, 2025
Key Takeaways Central bank reserves are considered critical for global economic stability, helping countries meet balance of payments obligations and buffer against economic or geopolitical shocks The top 10 countries collectively hold $9.4 trillion in currency and gold reserves, accounting for over 60% of the global total Central bank reserves can be considered as a…
October 8, 2025
A three-day national strike prompted by layoffs at the Dangote refinery has led to production losses of 600,000 barrels, the chief executive of the Nigerian National Petroleum Company has said. “I think it was unfortunate that the Dangote and PENGASSAN issue led to strike and whenever there is strike and critical staff manning critical facilities…
October 7, 2025
The resolve, determination, precision and speed with which the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN took on Aliko Dangote, Africa’s richest man, frightened the ruling elites. They clearly had written off the Nigerian working people and their ability to strike if necessary. The elites had come to the conclusion that the…
October 7, 2025
Advert
Ad
Key Takeaways Africa is home to 23 of the top 30 countries with the highest rates of extreme poverty. Kosovo ranks in 19th globally in 2024, seeing the highest rates outside of Africa—a country that faces high unemployment rates and ongoing conflict. The Democratic Republic of Congo (DRC) produces roughly three-quarters of the world’s cobalt, it…
October 9, 2025
Oil prices fell in early morning trade on Thursday in Asia as Israel and Hamas agreed to a pause in fighting and a hostages-for-prisoners exchange, under a framework advanced by the Trump administration. Under the agreement, Hamas will release as many as 20 living hostages this weekend, and Israel will pull back forces to a negotiated…
October 9, 2025
Key Takeaways For the first time since 1996, foreign central banks’ gold reserves have overtaken their U.S. Treasury holdings. Persistent gold buying and rising U.S. debt risks are reshaping reserve composition toward hard assets. Central banks have crossed a symbolic line: their combined gold reserves now exceed their U.S. Treasury holdings for the first time…
October 8, 2025
Oil prices rose early on Wednesday after an industry report showed on Tuesday that the crude stocks at the key Cushing hub fell further and OPEC+ somewhat eased fears of an imminent glut with a planned modest increase in output. As of 8:05 a.m. EDT on Wednesday, WTI Crude prices were up by 1.44% at $62.62, while…
October 8, 2025
Key Takeaways Two-thirds of U.S. Senators are over the age of 60, with Democrats averaging 63.7 years old. Senator Jon Ossoff (38) is the youngest Democrat, while Richard Durbin (80) is the oldest. The U.S. Senate is one of the oldest legislative bodies in the world, with a majority of lawmakers well into their 60s…
October 8, 2025
OPEC+ spare capacity is shrinking fast, with only Saudi Arabia, the UAE, and Iraq holding meaningful extra production capability. Analysts warn that actual spare capacity may be overstated. As OPEC+ unwinds its remaining cuts and producers hit physical limits, the world’s oil buffer is thinning. The OPEC+ group continues to return modest volumes of supply…
October 8, 2025
Key Takeaways Central bank reserves are considered critical for global economic stability, helping countries meet balance of payments obligations and buffer against economic or geopolitical shocks The top 10 countries collectively hold $9.4 trillion in currency and gold reserves, accounting for over 60% of the global total Central bank reserves can be considered as a…
October 8, 2025
A three-day national strike prompted by layoffs at the Dangote refinery has led to production losses of 600,000 barrels, the chief executive of the Nigerian National Petroleum Company has said. “I think it was unfortunate that the Dangote and PENGASSAN issue led to strike and whenever there is strike and critical staff manning critical facilities…
October 7, 2025
The resolve, determination, precision and speed with which the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN took on Aliko Dangote, Africa’s richest man, frightened the ruling elites. They clearly had written off the Nigerian working people and their ability to strike if necessary. The elites had come to the conclusion that the…
October 7, 2025
