Incredible! Peru Announces Three Presidents In One Week

'Dotun Akintomide
Writer

Ad

Crude Oil Futures Rise on Supply Data and OPEC+ Outlook

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…

World Bank: Nigeria’s single-digit inflation goal unrealistic, price pressures remain

By Obinna Uballa The World Bank has cast doubt on Nigeria’s ambition to bring inflation down to single digits in the near term, warning that the country remains trapped in double-digit inflation while most of Sub-Saharan Africa is moving toward price stability. In its latest Africa’s Pulse report released on Tuesday, the Bank projected that…

Ad

Peru’s Congress on Monday chose a 76-year-old former World Bank official as the South American country’s new president, the third in a week.

Francisco Sagasti was elected as lawmakers met to try to find a way out of a political crisis, sparked by the impeachment of one popular president and the resignation of his controversial successor amid protests which killed two people.

Sagasti, a centrist, will serve as interim president until the end of July 2021, completing the mandate of Martin Vizcarra, who was impeached by Congress last Monday.

His successor, former Congress speaker Manuel Merino, resigned on Sunday after days of street protests during which two demonstrators were killed.

Congress was meeting for a second time to agree a president and Sagasti secured the minimum 60 votes required.

A first attempt by the legislature to agree on a president failed on Sunday, when leftist lawmaker Rocio Silva Santisteban, won just 42 votes.

AFP/NAN

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp