By Jorgelina do Rosario LONDON (Reuters) -Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being felt acutely by developing countries, a United Nations report said. Domestic and external debt worldwide has increased more than five times in the…
(Reuters) – The number of people uprooted by a conflict between military factions in Sudan that erupted nearly three months ago has surpassed 3 million, according to estimates from the International Organization for Migration. More than 2.4 million people have been displaced internally and more than 730,000 have crossed into neighbouring countries, data published late…
ACCRA (Reuters) – Ghana’s consumer inflation edged up again to 42.5% in annual terms in June from 42.2% in May, driven partly by higher food inflation, data from the statistics service showed on Wednesday. The West African nation is trying to emerge from its worst economic crisis in a generation and is restructuring its debt….
LONDON (Reuters) – The dollar’s grip as the dominant global currency is loosening, credit rating agency S&P Global’s top economist said on Tuesday. Aggressive U.S. sanctions such as last year’s freezing of hundreds of billions of dollar’s worth of Russia’s reserves has seen a flurry of countries start to do some trade in currencies other…
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that the IMF expects global growth around 3% annually for the next five years, well below historical averages of about 3.8%, which may pressure capital flows. Georgieva said in opening remarks at an IMF economics lecture that governments, particularly in emerging markets,…
By Elisha Bala-Gbogbo ABUJA (Reuters) -Global demand for all forms of energy is forecast to rise by 23% through 2045, OPEC Secretary General Haitham Al Ghais told a Nigerian oil and gas conference on Tuesday. Oil executives and officials from the Organization of the Petroleum Exporting Countries (OPEC) have repeatedly made the case for continued…
MADRID (Reuters) -Spanish maritime rescue that dispatched a plane and a ship to search for a fishing vessel from Senegal with about 200 migrants on board and missing for nearly two weeks, on Monday discovered what appears to be a different migrant boat. The reconnaissance plane spotted a boat 71 miles (114 km) to the…
By David Lawder WASHINGTON (Reuters) -The World Bank on Monday named 15 chief executive officers including financiers and asset managers to a group launched by the lender’s president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries. The “Private Sector Investment Lab” will begin work in…
By Simon Jessop LONDON (Reuters) – Sustainability-focused asset manager LeapFrog Investments said it plans to invest $500 million in companies addressing climate change in Asia and Africa, with projects it hopes will reach up to 50 million low-income people. The commitment was announced at the Climate Finance Mobilisation Forum in Britain on Monday, attended by…
DUBAI (Reuters) – An Iranian Revolutionary Guards Commander accused the U.S. Navy on Monday of defending fuel smuggling in the Gulf by trying to interfere when Iran intercepted a ship last week. “On July 6th, Revolutionary Guards’ Navy personnel were inspecting a ship with the name NADA 2 that was involved in smuggling Iranian oil…
