World cocoa prices fall below $9,000 per tonne for first time since late March
May cocoa bean futures fell to $8,850 a tonne in Tuesday trading, the lowest since March 21, follows from ICE Futures data. The cost of the raw material was below…
Maersk forecast
Trade disruptions due to the situation in the Red Sea will persist until the end of 2024 — Maersk forecast The world’s second-largest shipping company looks pessimistically at the situation…
Europe stagnates
The European economy is in a prolonged period of stagnation with low growth rates. This situation can’t be classified as a recession or a crisis, but it is far from…
Global Gold Production 2023
In 2023, the world produced over 3,000 tons of gold, with China, Australia, and Russia being the top producers. China was the largest producer, accounting for more than 12% of…
Demand for refurbished and secondhand phones increased in Africa last year, report finds
The smartphone market in the Middle East and Africa region experienced the highest rate of growth in 2023, reaching 8%, which was primarily influenced by increased affordability, expanding digitalization, and…
Nestle program to increase income of bean farmers in Africa leaves workers below living wage, report says
The Swiss food giant has enrolled 11,000 farming households in the leading agricultural region of Cote d’Ivoire in a program that pays farmers $535 in bonuses, and is expanding the…