The price of crude oil is expected to average $64 per barrel in 2025, the World Bank has revealed in its April 2025 Commodity Markets Outlook. This is compared with $80.7 per barrel in 2024. The Bretton Woods institution is forecasting a further drop in the price of crude oilContinue Reading
Gold price fell nearly 2% to a two-week low on Thursday May 1, 2025, as signs of easing trade tensions boosted risk appetite and reduced bullion’s safe-haven appeal, while a stronger U.S. dollar also weighed on prices. Spot gold was down almost 2% to $3,222.66 an ounce, after hitting itsContinue Reading
The trade war between the world’s two biggest economies shows no signs of slowing down – Beijing has vowed to “fight to the end” hours after US President Donald Trump threatened to nearly double the tariffs on China. That could leave most Chinese imports facing a staggering 104% tax –Continue Reading
American companies looking to sell into the huge Chinese market have just taken a big hit. A 34% price increase on all US goods entering the country will knock some out of here altogether. This is especially bad for US agricultural producers. They already had 10 or 15% tariffs onContinue Reading
Shoppers in China are getting rare discounts on iPhones as Apple faces growing competition from local brands. The four-day promotion, which starts this Saturday (4 January), includes discounts of as much as 500 yuan ($68.50, £55.30) on some of the US technology giant’s newest handsets. Chinese phone maker Huawei hasContinue Reading
Zimbabwe’s President Emmerson Mnangagwa has approved a law that abolishes the death penalty in the southern African state with immediate effect. Rights group Amnesty hailed the decision as a “beacon of hope for the abolitionist movement in the region”, but expressed regret that the death penalty could be reinstated duringContinue Reading
China has approved the construction of what will be the world’s largest hydropower dam, stoking concerns about the displacement of communities in Tibet and environmental impacts downstream in India and Bangladesh. The dam, which will be located in the lower reaches of the Yarlung Tsangpo River, could generate three timesContinue Reading
Gold produced in Ghana is primarily exported to four countries. According to the Trade Statistics Report from the Ghana Statistical Service, United Arab Emirates (40.1%) led the destination of gold export followed by Switzerland (30.1%), South Africa (22.2%), and India (6.8%). Together they accounted for 99.2% of gold export fromContinue Reading