World hit by worst oil shock since the 1970s

World hit by worst oil shock since the 1970s

Share markets nosedived in Asia on Monday as the inflationary jolt from surging oil prices threatened to raise living costs and interest rates across the globe, while investors desperate for liquidity fled to the US dollar. Brent crude soared 27% to US$117.58/barrel, the biggest daily gain since at least 1988, which came on top of…

Read More
Africa: How a World Bank Program Is Turning Creativity Into Jobs for Women in Sierra Leone

Africa: How a World Bank Program Is Turning Creativity Into Jobs for Women in Sierra Leone

By pairing a Creative Economy Diagnostic with a women-focused accelerator, Sierra Leone’s CreatiFi program is helping translate creative talent into an economic development catalyst. Amena is a young fashion designer based in Sierra Leone’s bustling Freetown. With their alluring patterns and vibrant colors, it is impossible to look away from Amena’s designs. When she first…

Read More
Apple just dropped a bomb on the Windows world

Apple just dropped a bomb on the Windows world

Apple’s new MacBook Neo The new MacBook Neo, announced by Apple late on Wednesday, is not a machine designed for power users. It certainly won’t replace anyone’s MacBook Pro or high-end gaming rig. Yet that’s exactly what makes it one of the smartest moves Apple has made in years — and one that should have…

Read More
Africa: How a World Bank Program Is Turning Creativity Into Jobs for Women in Sierra Leone

Africa: The World Dislikes the Weak

“Terrifying are the weaknesses of power”. African proverb You just knew they would not turn tail and get back to the US empty-handed. All those ships and planes and everything else that can destroy a country’s critical infrastructure and terminate its leadership massed against a country, Iran. Still, Iran negotiated between being beheaded or being…

Read More
World hit by worst oil shock since the 1970s

World braces for an oil price shock

Brent crude jumped 10% to about US$80/barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after US and Israeli strikes on Iran plunged the Middle East into a new war. “While the military attacks are themselves supportive for oil prices, the key factor here…

Read More
As the U.S. and Israel attack Iran, governments around the world stress risks of new war in the Middle East

As the U.S. and Israel attack Iran, governments around the world stress risks of new war in the Middle East

U.S. allies and adversaries responded to the joint attacks launched Saturday by the U.S. and Israel on Iran, with some of America’s close partners describing the situation as “grave” and “perilous.” Below is a look at the latest reaction to the conflict that erupted Saturday between Iran and the U.S. and its closest ally in…

Read More