Wall St mixed as markets assess commodity selloff, earnings
The S&P 500 and the Nasdaq seesawed between gains and losses on Monday, as markets absorbed a sharp selloff in […]
Global Finance
Gold and Silver Prices Fall Sharply Following Friday’s Decline
Gold and silver prices plunged further after a recent rally pushed both metals to record highs. Spot gold fell over 9% to $4,403 an ounce, while silver dropped 15% below $72. Analysts say the sell-off was triggered by Kevin Warsh’s nomination as US Federal Reserve chair, alongside profit-taking after weeks of parabolic gains.
Ghana Champions Global Call for $100bn Yearly Adaptation Finance
Ghana has urged African leaders to unite behind a bold push for $100 billion in annual climate adaptation and mitigation finance, stressing that the continent cannot tackle escalating climate impacts alone. Speaking on behalf of President Mahama, Minister Alhaji Baba Seidu Issifu highlighted Africa’s disproportionate climate burden and called for fair, accessible financing, strengthened partnerships, and collective action to turn adaptation into a driver of sustainable growth and industrialisation.
Africa’s Largest Dam Positions Ethiopia as a Regional Powerhouse, Boosting Capacity to 9.6GW
Ethiopia’s Grand Ethiopian Renaissance Dam is reshaping the country’s energy and regional influence, boosting installed power capacity to 9.6 gigawatts and positioning Ethiopia as an emerging electricity hub in the Horn of Africa. Once mired in controversy, the project is now being framed by officials as a catalyst for industrial growth, regional power trade and long-term economic stability.
Secretary-General Warns UN on Brink of Financial Crisis Amid Unpaid Member Contributions
The United Nations is facing a serious financial crisis as many member states fail to pay their mandatory contributions, Secretary-General António Guterres has warned. He described the situation as deepening, threatening the delivery of programs, and cautioned that funds could run out by July if action is not taken.
South African Traders Go Global as CoreProTrade Expands International Access
South African retail investors are increasingly seeking exposure to international markets, driven by a desire for diversification, liquidity, and advanced trading tools.
CoreProTrade, a regulated South African brokerage, offers access to CFDs across forex, equities, commodities, and indices without owning the underlying assets.
The platform emphasizes strong compliance, mobile access, and professional-grade infrastructure, catering to a growing segment of sophisticated domestic traders.
US Reasserts Presence in Africa
The United States is shifting its approach in Africa, prioritizing private investment, infrastructure financing, and trade integration over traditional aid.
A new Strategic Infrastructure and Investment Working Group with the African Union aims to fund projects in transport, energy, and digital networks.
The initiative reflects Washington’s effort to strengthen influence as global competition on the continent intensifies.
Gold drops over 4% ahead of Trump’s announcement of his pick for new Fed chair
Gold slumped more than 4% on Friday, amid speculations the US Federal Reserve might receive a more hawkish chair, but
Court approves extension for OSP filings in SML trial
The High Court has allowed the Office of the Special Prosecutor (OSP) extra time to submit its disclosures in the ongoing SML case. The directive was given by Justice Francis Aponga Achiponga during a case management session.
Gold soars past $5,000 level for 1st time amid geopolitical tensions, economic uncertainty
Gold price continued its record rally on Monday, surpassing the $5,000 level for the first time, buoyed by persistent geopolitical