World News Subscribe to World News

Will Djibouti Become Latest Country to Fall Into China’s Debt Trap?

The African country houses a key U.S. military base, making it a particular concern for Washington August 1, 2018/Foreign Policy Djibouti lies more than 2,500 miles from Sri Lanka but… Read more »

Oil Prices Seesaw As Uncertainty Grips Markets

July 31, 2018/ –    U.S. energy expenditures fell for the fifth year in a row in 2016, falling by 9 percent to about $1 trillion.  –    Total expenditures on energy… Read more »

IMF Names Rhoda Weeks-Brown General Counsel, Director Legal Department

July 30, 2018/IMF Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today announced her intention to appoint Rhoda Weeks-Brown as the IMF’s General Counsel and Director of… Read more »

Trade War Escalation Would Knock 0.4% off World Growth

July 30, 2018/Fitch Ratings An escalation of global trade tensions that results in new tariffs on USD2 trillion in global trade flows would reduce world growth by 0.4% in 2019,… Read more »

IMF Chief Economist Maurice Obstfeld to Retire in December 2018

July 25, 2018/IMF Maurice “Maury” Obstfeld, Economic Counsellor and Director of the Research Department at the International Monetary Fund (IMF), will retire from the Fund at the end of December… Read more »

South Africa Joins 48 African Countries in Signing the AfCFTA Agreement

July 23, 2018 Itumeleng Mukhovha, Associate, Corporate/M&A Practice, Baker McKenzie Johannesburg  On 1 July 2018, South Africa, along with five other countries, became party to the African Continental Free Trade… Read more »

Is This The End Of The Oil Rally?

July 17, 2018/ Chart of the Week –    The U.S. processed a record amount of crude oil in 2017, even as refinery capacity remained flat. –    Gross crude oil inputs… Read more »

France seal second World Cup triumph with 4-2 win over brave Croatia

July 15, 2018/The Guardian When the decisive blows arrived the entire squad piled on top of one another in the victory scrum. Hugo Lloris, the goalkeeper, had run the entire… Read more »

Shots fired as U.S.-China tariffs take effect in deepening trade row

5/7/2018/Reuters Michael Martina, David Lawder  U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in… Read more »

UBA, GTBank, Zenith Among 1,000 Global Banks’

June 3, 2018 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one banks, the United Bank for Africa Plc (UBA), Guaranty Trust Bank Plc (GTBank), Zenith Bank Plc, First Bank of… Read more »