Zimbabwe has reverted to the gold standard
While most countries abandoned the gold standard in the last century, some African nations are reconsidering its necessity to stabilize their economies. This month, the Zimbabwean dollar became the new…
Oil prices may breach $100 per barrel – Bloomberg fears
Mexico recently announced supply issues and a reduction in production by 35%. The USA, Qatar, and Iraq have also reduced supplies, and supply chains are going haywire due to sanctions…
Detained Binance executive in court on Nigerian tax, money laundry charges
One of the two executives from Binance, the world’s largest cryptocurrency exchange, detained in Nigeria appeared in an Abuja court on Thursday to face tax evasion and money laundering charges.…
U.S. debt payments reached a record $1.1 trillion over the past 12 months
Reports indicate that if the rate remains at its current level this year, payments will amount to $1.6 trillion by December. However, if the rate is lowered by 150 basis…
BRICS – the new planetary resource supergiant
After the admission of Egypt, Iran, the UAE, Saudi Arabia, and Ethiopia into the union, experts calculated how much of the natural resources BRICS now controls: Oil – 45% of…
What caused price of cocoa beans to rise and what can it lead to?
The price of cocoa beans, already on a steady rise over the past two years, surged to unprecedented levels in March, surpassing $10,000 per tonne for the first time in…