The arrest of Venezuelan President Nicolás Maduro by the Trump administration has added a new layer of geopolitical uncertainty, reinforcing gold’s role as a global safe-haven asset and pushing prices to record levels. Gold rose more than 2.5% on January 5, climbing to nearly $4,450 an ounce. Since the start of 2025, prices are up…
China has said the United States’ decision to withdraw from United Nations bodies and other entities was a proof that the international landscape was witnessing an effective operation of the multilateral system. The Chinese Foreign Ministry emphasised that only such a system can “stop the law of the jungle from prevailing and stop the ‘might…
At the 2025 global climate summit, COP30, held in Belém, Brazil, one decision stood out with major consequences for Africa: countries agreed on a new set of progress indicators. The “Belém Adaptation Indicators” were developed through a two-year UN process. Although the name may sound technical, the idea is straightforward. For the first time, countries…
Trump set to pull US out of dozens of UN and global bodies US President Donald Trump has announced plans to withdraw the United States from 66 United Nations and international organisations, cutting funding and ending participation in bodies focused on climate change, democracy, health and human rights. In a presidential memo released by the…
2025 saw global tech sector layoffs reach 244 851. In 2025, 244 851 people were laid off in the global technology industry. This, as companies like Intel, Amazon and Microsoft, among others, continued to intensify investments in artificial intelligence (AI) technologies. This is according to data released by RationalFX, which tallied figures based on layoff…
Nairobi — Chinese electric vehicle (EV) manufacturer Tiazhou Okla Automotive Co., widely known as Okla Global, has announced a strategic partnership with Hong Kong-headquartered Treadway Investment Bank to accelerate its ambitious expansion into Africa’s fast-growing automotive market. Under the agreement, Treadway will provide investment banking and corporate finance advisory services to support Okla’s continental growth…
The global economy has shown resilience amid turbulence during the past year, including shifting trade policies – yet growth remains subdued and far below pre-pandemic levels, the UN said in a landmark report published on Thursday. The World Economic Situation and Prospects 2026 predicts that global economic output will grow by 2.7 per cent this…
The report notes that while Lagos already behaves like a global start-up hub, its long-term standing will depend on how quickly infrastructure, regulation and quality of life improve. Lagos State has been named Africa’s most start-up-friendly city in a new global ranking by Multipolitan, underscoring the city’s growing influence as the continent’s leading hub for…
Professor Francisca Onaolapo Oladipo has joined the ranks of Nigerians flying the country’s flag in the international community. No too long ago, Oladipo, who is the vice chancellor of Thomas Adewumi University, Oko-Irese, Kwara State, was elected to serve on the executive committee of the Committee on Data of the International Science Council (CODATA) from…
Abuja — United Nations Secretary-General António Guterres has warned the world is at a critical turning point, urging global leaders to redirect priorities from war to peace as military spending reaches unprecedented levels. In his New Year video message, Guterres said the international community is grappling with deepening chaos and uncertainty marked by growing divisions,…
