World Bank: Commodity prices to hit six-year low in 2026 as oil glut expands

World Bank: Commodity prices to hit six-year low in 2026 as oil glut expands

Commodity markets are helping to stabilise the global economy. PHOTO/Pexels/Kamaji Ogino. By BUSINESS CORRESPONDENT [email protected] Global commodity prices are projected to fall to their lowest level in six years in 2026, marking the fourth consecutive year of decline, according to the World Bank Group’s latest Commodity Markets Outlook. Prices are forecast to drop by seven…

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Afghanistan hit by powerful 6.3 magnitude earthquake, prompting fears of mass deaths

Afghanistan hit by powerful 6.3 magnitude earthquake, prompting fears of mass deaths

A powerful 6.3-magnitude earthquake struck northern Afghanistan early Monday morning local time, according to the USGS and local authorities, sparking fears of mass casualties and the need for a response.  “Based on initial information, the magnitude of the earthquake was more than 6, and the epicenter was in the Nakhchir district of Samangan province,” the…

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Africa: Instant Payment Transactions in Africa Hit .9 1.9trn in 2024 – Report

Africa: Oramah Bows Out of Afreximbank As Assets Hit $44 Bn

Cairo, Egypt — Africa’s multilateral lender, African Export-Import Bank, marked the end of an era as President and Chairman of the Board, Professor Benedict Oramah, concluded his decade-long tenure with a legacy conference in Cairo attended by over 2,000 dignitaries, including African heads of state, business leaders, and policymakers on Friday. Oramah, who took office…

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AWS hit by global outage

AWS hit by global outage

AWS is observing early signs of recovery for some impacted AWS services. Cloud computing platform Amazon Web Services (AWS) has suffered a global outage that is affecting users. Providing updates on the AWS Health Dashboard, the company says it is investigating increased error rates and latencies for multiple AWS services in the US-EAST-1 region. “This…

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Wits University IT system hit by ‘zero-day’ event

Wits University IT system hit by ‘zero-day’ event

Dr Stanley Mpofu, CIO of Wits University. The University of the Witwatersrand has confirmed its Oracle E-Business system has been hit by a cyber attack that has compromised its system in multiple countries. “This is a ‘zero-day’ event − a cyber attack which exploits a software vulnerability that is unknown to the software vendor and…

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