Thursday , 23 February 2017
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World Bank raises 2017 oil price forecast

The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel as members of the Organization of the Petroleum Exporting Countries (OPEC) prepare to limit production after a long period of …

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South Africa announces its withdrawal from ICC

(CNN)South Africa began steps to withdraw from the International Criminal Court on Friday. A written notice of South Africa’s intention was submitted to the UN secretary general, said Tshililo Michael Masutha, the country’s justice minister. The withdrawal from the international …

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IMF Affirms Nigeria as Africa’s Biggest Economy

Nigeria has been affirmed by the International Monetary Fund (IMF) as the biggest economy in Africa — ahead of South Africa and Egypt. In August 2016, Nigeria was reported to have lost its spot as Africa’s biggest economy to South …

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Saudi Arabia executes prince for murder

  A Saudi prince was executed in Riyadh on Tuesday after a court found him guilty of shooting dead a fellow Saudi, official media reported, in a rare example of a ruling family member subjected to the death penalty. Prince …

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Suicide Bomber Kills Four Police Officers In Somalia

A suicide bomber on Tuesday rammed a bomb-laden car into a police station in the Somali town of Afgoye, killing at least four police officers. Local authorities said that after the attack, militants stormed the area. “Many militants have entered …

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Oliver Hart, Bengt Holmstrom win Nobel Economics Prize

British-American economist Oliver Hart and Bengt Holmstrom of Finland on Monday won the Nobel Economics Prize for their work on contract theory, the jury said. “This year’s laureates have developed contract theory, a comprehensive framework for analysing many diverse issues …

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