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Informal economy reflects governance failure — Brookings
As governments across sub-Saharan Africa intensify efforts to broaden their tax bases by targeting micro, small and medium-sized enterprises (MSMEs) that account for nearly 90 per cent of jobs in the region, a new report by the Brookings Institution argues…
Asia on Ebola alert as Thailand imposes 21-day quarantine on Congo travelers
Authorities in Thailand and several neighboring Asian countries have tightened border health controls amid growing concerns over the latest Ebola outbreak in Central Africa, introducing stricter screening and quarantine measures for travelers arriving from the Democratic Republic of the Congo…
UK unemployment rate hits 5-yr high over prolinged US/Iran conflict
Data released by the United Kingdom’s Office for National Statistics (ONS), last Tuesday, showed employers struggling with soaring energy costs after oil and gas prices jumped following the effective closure of the Strait of Hormuz during the US-Israeli military campaign…
Africa, Asia lead global housing shortage as urban slum population surges, UN Warns
Frank Okon Africa and Asia are at the center of the global housing crisis as rapid urbanization, rising inequality, and the growing expansion of slums continue to outpace infrastructure and housing development, the United Nations has warned. According to UN…
Climate shocks disrupting food production, healthcare and water supply across globe, WMO Warns
Ziggy Ojiegbe Climate shocks are increasingly disrupting food production, straining healthcare systems, worsening water shortages and displacing vulnerable communities across the globe as extreme weather events grow more severe and frequent, the World Meteorological Organization has warned. The warning came…
Ebola, Hantavirus outbreaks dominate agenda as WHO opens 79th World Health Assembly
Frank Okon Ebola outbreaks in Central Africa and a cross-border hantavirus emergency aboard a cruise ship have dominated the opening of the 79th session of the World Health Organization World Health Assembly in Geneva, amid growing concerns over global disease…
Bitcoin rush grows over alarming $39trn U.S debt crisis
United States government’s towering debt burden is once again rattling global financial markets, reviving fears about the long-term stability of the US dollar and fueling a fresh wave of speculation that bitcoin and gold could emerge as the biggest…
Global market has lost 880mb of oil ‘forever,’ says Saudi Aramco
Saudi Aramco has issued one of the starkest warnings yet about the state of the global energy market, declaring that nearly 880 million barrels of liquid hydrocarbons have effectively vanished from global supply chains as the Strait of Hormuz crisis…
Botswana, Tanzania, Nigeria initiate retaliatory action against South Africa over worsening xenophobic attacks
Amid ongoing anti-immigration protests and violent xenophobic attacks against African migrants residing in South Africa, the governments of Tanzania, Botswana and Nigeria have initiated process of retaliatory action on South Africa and its businesses located in their countries. It…
Project Freedom: Oil prices surge, equity markets sink on Hormuz clashes
Frank Okon The confrontation between United States and Iran over the control of the Strait of Hormuz rattled the global commodity and equity markets on Monday when Iran claimed it hit a US warship, raising fears that bombs would soon…
