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WTO slashes 2023 global trade forecast as recession looms
WTO slashes 2023 global trade forecast as recession looms
Business and Economy
by  AFP

The World Trade Organization on Wednesday dramatically lowered its global trade forecast for 2023, as Russia's war in Ukraine and other shocks take their toll on the world economy. Last week, Okonjo-Iweala warned that Russia's war in Ukraine, the climate crisis, food price and energy shocks plus the aftermath of the Covid-19 pandemic were creating the conditions for a world recession.

Nigeria's ruling party fends off questions over candidate
Nigeria's ruling party fends off questions over candidate
Africa
by  AFP

With campaigning underway for Nigeria’s 2023 election, the ruling APC is fending off questions over the health of its presidential candidate, former Lagos governor Bola Ahmed Tinubu, who has been out of the country. "Bola Ahmed Tinubu has to sign for himself.”

Musk-Twitter deal: a roller-coaster saga
Musk-Twitter deal: a roller-coaster saga
Business and Economy
by  AFP

Elon Musk's pursuit of Twitter was a melodrama from the beginning -- a mercurial billionaire locked in a bitter fight with his favorite social media platform. Text messages revealed during the legal process showed how he briefly considered making a blockchain-based social media app.

Lesotho, Africa's turbulent mountain kingdom
Lesotho, Africa's turbulent mountain kingdom
Africa
by  AFP

Lesotho, which holds parliamentary elections on Friday, is a politically unstable mountain kingdom entirely surrounded by South Africa, on which its economy largely depends while supplying its huge neighbour with most of its water.