Category: World

Over 4,000 Venezuelan migrants enter Colombia every day. The UN High Commissioner for Refugees promises to address the monumental challenge to their humanitarian needs. Venezuela is undergoing one of the worst migration crises in Latin America’s history. Nicolás Maduro’s economy is in shambles…

A UN special report reveals increasing harm to afghan civilians from the deliberate and indiscriminate use of improvised explosive devices. Exactly 17 years ago, on 7 October, 2001, the United States and Britain launched a barrage of cruise missiles and long-range bombers against Afghanistan..

The US unemployment rate fell to 3.7% in September, the lowest rate since December 1969. The United States is the largest economy in the world in terms of nominal GDP. The U.S. GDP was estimated to be $18.46 trillion in 2016. The U.S. dollar is the currency most used in international transactions and is the…

South African President, Cyril Ramaphosa recently called on top public and private companies at the opening of Presidential jobs Summit to take necessary actions to reduce the high levels of unemployment in the country. South Africa is an upper-middle-income economy and…

Asian shares were fragile on Friday after benchmark US Treasury yields surged to a seven-year high and strong economic data fanned concerns about inflation and the risk of faster-than-expected interest rate rises. Treasury yield refers to the return on investment in a US government debt…

According to traders and shipping intelligence firm Kpler, estimates show that Indian buyers have reduced US crude purchases and have loaded up on Iranian oil just ahead of the Iran sanctions taking into effect next month. India and Iran established new diplomatic relations in 1950…

Canada has not invited representatives from the US or China to a high-level meeting on reforming the World Trade Organisation (WTO). President Trump had earlier called for a drastic change in the operations of the WTO with a large reform program. The World Trade Organization (WTO) was established…

The World Bank may suspend funding to Tanzania after expressing concerns about new legislation which would punish anyone who questions official statistics. Tanzania is a country in eastern Africa within the African Great Lakes region. The United Nations estimated Tanzania’s 2016…

Recent data of the US Treasury Department revealed that the US’s national debt has expanded by $1.2 trillion. At the end of the financial year 2018, data shows that the debt was estimated at $21.52 trillion. A national debt occurs when a country spends more than the Treasury collects. Historically, during periods of…

The IMF has appointed Harvard professor Gita Gopinath as its next chief economist. Thus, making her the first women to be appointed to this role. The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability…