Global oil prices fell sharply on Monday, July 27, after the United States and Iran paused military strikes, easing fears of a prolonged conflict in the Middle East and reducing concerns over disruptions to global energy supplies. Brent crude, the international benchmark, dropped by 5.9% to around $91.08 per barrel, while West Texas Intermediate (WTI)…
Singapore has tightened its monetary policy for the second time in three months, as rising energy costs linked to ongoing tensions in the Middle East continue to raise concerns about inflation and global supply chains. On Monday, July 27, the Monetary Authority of Singapore (MAS) announced a slight increase in the rate of appreciation of…
Ukrainian President Volodymyr Zelensky says Ukrainian forces have carried out a fresh wave of long-range drone and missile strikes targeting key Russian military and energy infrastructure, including a weapons manufacturing plant, an oil refinery and a naval warship. In his latest address on Friday, July 25, Zelensky said the operations successfully struck a military-industrial facility…
A new wave of U.S. import tariffs officially took effect on Friday, July 24, replacing the temporary 10% global tariff that had been in place since February and marking a significant shift in the Trump administration’s trade policy. The new measures impose tariffs ranging from 10% to 12.5% on imports from 60 trading partners, covering…
Global energy markets remain on edge as escalating conflict in the Middle East and renewed disruptions to key shipping routes continue to drive oil prices higher, with Brent crude hovering around the $100-per-barrel mark after briefly surpassing the milestone this week. The latest surge has been fueled by growing concerns over the security of vital…
At least 21 people have been killed in a fresh wave of Russian missile and drone attacks across Ukraine, as Kyiv simultaneously intensified its long-range drone campaign against logistics facilities inside Russia, marking another sharp escalation in the ongoing war. The latest Russian strikes hit multiple regions across Ukraine, damaging civilian infrastructure and humanitarian facilities….
The United States has imposed a 12.5% tariff on most imports from Nigeria, citing concerns over the country’s enforcement against goods linked to forced labour. Nigeria is among 60 trading partners affected by the latest trade measures announced by the Trump administration. According to US officials, the new tariffs are part of a broader effort…
The World Health Organization (WHO) has confirmed that the Ebola outbreak centred in the Democratic Republic of the Congo (DRC), with linked cases in Uganda, has claimed more than 1,000 lives, making it one of the deadliest Ebola epidemics in recent history. The latest figures show 2,536 confirmed cases and over 1,000 deaths, with the…
Africa has become the world’s hungriest continent for the first time, overtaking Asia in the number of people experiencing hunger, according to the latest United Nations State of Food Security and Nutrition in the World (SOFI) 2026 report. The report estimates that 309 million people in Africa faced hunger in 2025, compared with 292 million…
The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to launching the long-awaited ECO single currency in 2027, describing the initiative as a major step towards deeper regional economic integration, stronger intra-African trade, and sustainable economic growth. The decision was announced in the final communiqué issued after the 69th Ordinary Session of…
