UK Economy to Shrink in 2023 – CBI.
Britain’s economy is on course to shrink 0. 4% in 2023 as inflation remains high and companies put investment on…
Category: World
Amazon closes its operations in India.
Amazon, a U.S. Online retailer, is closing its wholesale distribution operation in India in order to concentrate more on its…
UK Universities Risk Bankruptcy Barring Foreign Students.
The chair of the government’s Migration Advisory Committee said that UK Prime Minister Rishi Sunak’s probable proposal to crack down…
Apple is interested in making a $5.8 billion purchase of Manchester United.
According to speculations, Apple, the biggest tech firm in the world, may be interested in buying the club for £5.…
According to the ILO, Global Unemployment is Worsening.
According to the latest edition of the International Labour Organization Monitor on the World of Work, unemployment and inequality will…
According to Saudi Arabia, a $5 billion Deposit with Turkey is Imminent.
Saudi Arabia and Turkey are in talks about Riyadh depositing $5 billion with the Turkish central bank, a representative for…
In the Event of a Global Downturn, Europe will be Severely Hurt, According to the OECD
The greatest energy crisis since the 1970s will cause a dramatic slowdown, with Europe being most impacted, the OECD said,…
The World Population will Surpass 8billion, with India Surpassing China.
World Population Prospects 2022, published on World Population Day, estimates that the world’s population would reach 8 billion people on…
Nuclear Plant Site in Ukraine is Rocked by Explosions.
The Zaporizhzhya Nuclear Power Plant (ZNPP) in Ukraine saw powerful explosions that “abruptly ended a period of relative tranquillity” there.…
UK Inflation Rises to 11.1%, Highest in 41 Years
The cost of living issue in Britain is becoming worse, and as a result, inflation has accelerated to the highest…
The World Is Inflationary: The Cheap-Stuff Era Is Over
Global inflation is to reach a whopping 9.5%. But so is the rest of the world’s, because American elites designed…
The War in Ukraine is Fuelling a Global Food Crisis.
According to a report by UN organizations, the Russia-Ukraine war has had a negative influence on Zimbabwe’s agriculture industry. Potentially…
Oil Tanker being Held in Equatorial Guinea Heads Back to Nigeria.
A spokesperson for the Nigerian Navy told Reuters that an oil super tanker that had been suspected by the country’s…
Climate Change: UK Commits £200million to Nigeria and Others.
The African Development Bank’s Climate Action Window will get £200 million in support from the UK, according to James Cleverly,…
Non-Oil Export Proceeds Hit $2.59b
The Federal Government had the best non-oil export performance this year, with a total value of $2. 59 billion, according…
World Food Supplies in Danger as Russia Pulls Out of the Black Sea Agreement.
Following Russia’s departure, hundreds of thousands of tonnes of wheat scheduled for delivery to Africa and the Middle East are…
At least 146 People Died in South Korea’s Halloween Celebrations.
The local fire service has confirmed that a stampede on Saturday night during Halloween celebrations in Seoul, South Korea, resulted…
The World Bank Anticipates an 11% Drop in Energy Prices in 2023.
The World Bank predicts that energy prices would decline by 11% in 2023; this is due to a 60% increase…
China Loans to Kenya Fall for First Time in 20 years
Chinese loans to Kenya have dropped for the first time in 15 years as Beijing adopts more cautious lending in…
Russian “Massive” Strike Causes Lights to Go Out in Ukraine.
As the war approaches its eighth month, Russia has increased its attacks on power plants, water delivery networks; and other…
UK Prime Minister Truss Refuses to Resign
Despite requests from other Conservative MPs, British Prime Minister Liz Truss indicated she had no plans to resign. She made…
“Japa”: The UK is Considering Stricter Regulations as Nigerians Bring The Most Relatives.
According to the UK, there may be a cap on the number of relatives immigrants are to bring to the…
W’Bank Forecasts Nigerian Debt Service and Revenue At 102%.
The growing debt service-to-revenue ratio in Nigeria, according to the World Bank, is a cause for concern.The bank estimates that…
North Korea Launches A Missile Over Japan.
Tokyo officials allege that North Korea has launched a ballistic missile over Japan for the first time since 2017. The…
World Bank Warns That Rate Increases Could Lead To A Recession.
Nigeria and other developing nations have been cautioned by the World Bank Group that raising interest rates simultaneously in response…
World Bank Contributes $30bln To Offset Food Shortages Worsened By War In Ukraine.
According to a senior bank official, the World Bank is prepared to contribute up to $30 billion; this is to…
World Bank Distributes $31.7billion, Gives $700million To Nigeria.
The World Bank reported that 2022 is among the ten warmest years on record. And that the effects of the…
News Update On Russia and Ukraine.
The impact of rising energy costs on the continent was address by European leaders, while also reporting success in a…
Global Economy Can Thank U.S. Consumers.
The U.S. consumer is coming to the rescue of the global economy. Back in 2009, companies turned to China to…
Ukraine Strike Hits Fuel Depot At Zaporizhzhia Nuclear Plant.
Officials installed by Russia in Ukraine said that a Ukrainian missile strike punched a hole in the roof of a…