Banking regulators are stepping up efforts to contain growing AI risks, with some insiders pointing to the potential for cyberattacks on banks or rogue AI agents to undermine global financial stability. The scrutiny reflects growing recognition that advances in frontier AI may require costly investment in cyber recovery, greater attention to banks’ dependence on external…
Conservation scientist Lee White reflects on four decades spent creating Gabon’s national parks, tackling illegal logging and confronting the failures of global carbon markets. Climate change will trigger wars over water across much of Africa unless the continent protects the Congo Basin, warns former Gabonese environment minister Professor Lee White. White describes the Congo Basin…
· Oil prices slide as US, Iran pause hostilities over Strait of Hormuz ·Shettima lauds AfDB as REA, SAPZ sign MoU on energy for agro-processing zones Deji Elumoye and Emmanuel Addeh in Abuja The African Development Bank (AfDB) has warned that an expected “super” El Niño weather event could cost African countries between $10 billion…
The global push for a transition to green energy has sparked demand for critical minerals such as lithium, vanadium, copper and cobalt. These are needed for electric vehicles, wind turbines and solar panels. Sub-Saharan Africa hosts about 30% of the world’s mineral reserves, including huge quantities of critical minerals: 92% of all platinum, 36% of…
Iran’s military has ceased strikes against Israel, the Ministry of Foreign Affairs told CNBC on Monday, but Tehran warned it would resume hostilities if the IDF continues operations in Lebanon. Iran and Israel traded strikes on Sunday night for the first time since a ceasefire was agreed in April. The Islamic Republic fired missiles towards…
