US-Iran peace talks ease market volatility but uncertainty keeps oil prices hovering, complicating recovery efforts Published On 29 Jun 202629 Jun 2026 United States President Donald Trump is touting relief at the pump as US gas prices begin to fall ahead of potential peace talks despite ongoing clashes in the Strait of Hormuz. “GAS PRICES…
Mombasa, Kenya — The blue economy is a vital source of jobs, food security, and economic opportunity across Africa and the Western Indian Ocean region. Yet, by the admission of those driving its development, the region is still only beginning to tap into what its oceans, lakes, and rivers can truly offer. This was the…
The price of Brent crude has reached its lowest since February 27, before the war started. Published On 25 Jun 202625 Jun 2026 Oil prices have extended their decline to levels last seen before the start of the Iran war, as expectations of rising supply from the Middle East outweighed demand concerns. Prompt-month Brent crude…
African countries must increasingly rely on their own resources and institutions to drive development as international aid continues to decline, the International Monetary Fund (IMF) has advised. According to the IMF, the era of predictable and abundant foreign aid was gradually fading, making it imperative for governments across the continent to strengthen domestic revenue mobilisation,…
On June 23, 2016, Britons headed to the polls to vote on whether to stay in the European Union. A shock result emerged overnight: the electorate had voted to leave the bloc by 52% to 48%. The pound tanked. London’s FTSE 100 tumbled. Then-Prime Minister David Cameron — who had called the referendum and led…
Addis Ababa — Ethiopia’s efforts to advance a circular economy and implement the Green Legacy Initiative are emerging as a model for other African countries seeking sustainable and climate-resilient development, a senior Finnish Embassy official has said. Speaking to ENA, Head of Cooperation at the Finnish Embassy in Addis Ababa, Tomi Sarkioja commended Ethiopia’s bold…
South African inflation rose by less than expected in May, which analysts said reduced the likelihood of another interest rate hike next month. Headline consumer inflation quickened to 4.5% year on year from 4% in April. That was the highest reading since July 2024. However, economists polled by Reuters had expected 4.7%. The rise was…
SHENZHEN, CHINA – MAY 3: The national flag of China flies on a flagpole near a construction site with tower cranes and a high-rise building under development on May 3, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images China’s retail sales fell for the first time in more…
Ukraine has increasingly targeted Russian refineries, depots and pipelines, as well as fuel supplies in Crimea. By AFP, Reuters and The Associated Press Published On 12 Jun 202612 Jun 2026 President Vladimir Putin has acknowledged that the recent surge in Ukrainian attacks is inflicting damage on the Russian economy and society. Putin’s remarks on Friday…
Consumer inflation in the United States increased at the fastest pace in three years as surging oil prices amid tensions with Iran weigh on global energy markets before the US Federal Reserve’s policy meeting next week. Inflation rose by 0.5 percent in May compared with the prior month, following a 0.6 percent jump in April,…
