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Tag Archives: World

Oil resumes price rise after OPEC cut

Singapore, Singapore | AFP | Oil prices resumed their rise Thursday and held above the $50 barrier following OPEC’s decision to carry out its first output cut in eight years. The Organization of the Petroleum Exporting Countries at a meeting in Vienna on Wednesday agreed on specific targets to enact …

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Shock and awe at Trump’s rise to power

Paris, France | AFP | Donald Trump’s extraordinary US election victory sent shockwaves across the world on Wednesday, as opponents braced for a “dangerous” leader in the White House while fellow populists hailed a ballot-box revolution by ordinary people. America’s allies put a diplomatically brave face on the outcome of …

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IMF: ‘Brain drain’ hits sub-Saharan Africa

Johannesburg, South Africa | AFP |  Skilled workers are leaving sub-Saharan Africa in rapidly increasingly numbers, producing a “brain drain” that causes long-term social damage, the International Monetary Fund warned Tuesday. The IMF said that the number of sub-Saharan migrants living in developed countries could increase from about seven million …

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OPEC production deal sends world stocks higher

New York, United States | AFP |  US and European markets moved higher on Wednesday as oil producing countries reached a surprise deal to cut oil production, causing crude prices to jump more than five percent. Following the agreement reached in Algiers by members of the Organization of the Petroleum …

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IMF warns central banks could lose deflation fight

  Washington, United States | AFP |  The International Monetary Fund warned Tuesday that central banks are struggling to beat back deflationary forces and that governments need to spend to help them succeed. In a new assessment of global economic conditions, the IMF said many countries worldwide are battling disinflation …

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Oil prices climb on big fall in US stockpiles

New York, United States | AFP |  A big drop in US crude stockpiles sent oil prices sharply higher Wednesday. The US benchmark West Texas Intermediate for delivery in November jumped $1.29 to $45.34 a barrel in New York trade. In London, Brent North Sea oil for November delivery advanced …

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Triathlon: The Brownlees…the antithesis of Cain and Abel

London, United Kingdom | AFP | In one selfless act Olympic triathlon champion Alastair Brownlee erased the fratricidal image of Cain killing Abel as he helped his stricken brother Jonny over the line in the World Series event in Mexico. However, with praise raining down on him Alastair’s blunt no …

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