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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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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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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Singapore, Singapore | AFP | Oil prices fell in Asia Friday as the prospects of higher output from Libya and Nigeria further fuelled oversupply concerns, cutting short a nascent rebound. Both contracts rose Thursday on news that 6,000 barrels of gasoline had leaked from the Colonial pipeline that carries fuel …
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Miami, United States | AFP | Soaring temperatures worldwide made July the Earth’s hottest month in modern times, setting a new high mark for global heat in 137 years of record-keeping, US government scientists said Wednesday. The report from the National Oceanic and Atmospheric Administration came just two days …
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Singapore, Singapore | AFP | Oil prices fell for a third day in Asia trade Thursday after figures showing high US crude stockpiles and increased Saudi production. Official US data on Wednesday showed a jump in crude inventories, taking by surprise investors who expected a drawdown in supply, pushing prices …
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Singapore, Singapore | AFP | Oil prices fell further towards the $40 mark in Asia Friday, extending losses to a seventh-straight day on renewed worries about a global supply glut, increased production. The commodity has slipped nearly 20 percent since its 2016 peak above $50 in early June as …
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Singapore, Singapore | AFP | Oil prices retreated in Asia Tuesday, with Brent easing below $50 on news of increased production from Nigeria following the repair of infrastructure damaged in militant attacks. Bloomberg News reported Tuesday that Nigeria, Africa’s biggest oil producer, pumped an average 1.53 million barrels a day …
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Washington, United States | AFP | Just one percent of the world’s population can call themselves millionaires or richer. But together they hold almost half the world’s wealth, and their share is growing, according to a new study released Tuesday. Some 18.5 million households around the world have at least …
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The International Criminal Court (ICC) has urged members of the Lord’s Resistance Army to defect, as they will not be charged once they surrender. The ICC also clarified that only the cases of Joseph Kony or Dominic Ongwen are before the ICC. No other LRA member is subject to ICC …
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The Independent Uganda: You get the Truth we Pay the Price