Oil little changed as IEA excess forecast offsets rate cut optimism
The International Energy Agency (IEA) said it expected the oil market to be comfortably supplied next year, even as it made a slight upward revision to its demand outlook for next
Zuckerberg’s Meta Donates $1m To Trump Fund
Meta, the parent company of Facebook and Instagram, has donated $1m (£786,000) to an inauguration fund for President-elect Donald Trump.
Stocks soar as a surge in big-tech stocks drives the Nasdaq past 20,000, with Tesla reaching its first record high in three years.
The Nasdaq rose 1.8% to finish Wednesday’s session at 20,035, while the S&P 500 added 0.8% to close just shy of a new high.
Australia’s central bank is prepared to take decisive action if US tariffs negatively impact global trade.
Deputy governor warned the most extreme scenario of an all-out global trade war would depress global activity and trade.
The dollar’s rise triggers the steepest decline in emerging market currencies in two years
The rising US dollar has pressured currencies in euro-linked EM countries, such as Poland and Hungary.
USA Hands $20bn To Ukraine Funded By Seized Russian Assets
The US has given $20bn (£15bn) to Ukraine, funded by the profits of seized Russian assets.
Amid a Cholera outbreak,the Western area prohibits the selling of vegetables.
Cholera Outbreak in the Western Region
Along with Sean Diddy “Jay-Z is accused of sexually abusing a 13-year-old in 2000
Jay-Z accused of sexually abusing 13-year-old in 2000
Rising commodity prices significantly boosted government revenues across Africa in 2022.
Higher commodity prices boosted non-tax revenues, which averaged 6.2% of GDP in the 35 countries with available data, an increase of 0.4 p.p. from the previous year.
Naira Gains on Official Market to N1,533.49/$, Weakens on Parallel Market to N1,660/$
The naira appreciated slightly to N1,533.49/$ on the official market but fell to N1,660/$ on the parallel market.