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EconomyWorld

Restaurant prices surge in America

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Restaurant prices have surged by nearly 9% year-on-year, according to the Department of Labor Exclusive News The cost of eating at restaurants in the US outpaced grocery prices on a 12-month basis in March for the first time since mid-2021, Labor Department data showed on Wednesday. According to the calculations, restaurant prices have risen 8.8% over the last 12 months, surging for…
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AfricaEconomy

Egypt claims Ethopia is buying time in Nile Dam disputes

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Cairo has claimed Addis Ababa only agreed to negotiations in order to continue filling the river Exclusive News Egypt has accused Ethiopia of attempting to “buy time” with negotiations while continuing to build a disputed dam on the Nile River without agreement. “The continuation of the negotiations for 10 years without results is evidence of Ethiopian intransigence,”…
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AfricaEconomy

Russia increases gasoline exports to Africa

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The country shipped over 800,000 tons of the fuel to the continent in the first quarter as it redirected deliveries from the EU Exclusive News Russia’s gasoline exports surged by nearly 50% year-on-year in the first quarter of 2023, largely due to increased shipments to Africa, Reuters reported on Thursday, citing Kpler ship tracking data. Russia’s total gasoline exports over…
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AfricaPolitics

Peter Obi detained in London

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The Nigerian opposition leader, Peter Obi was held for several hours at Heathrow Airport for alleged identity theft Exclusive News Nigerian opposition politician Peter Obi was detained for several hours at London’s Heathrow Airport earlier this month, it has emerged. The Labour Party leader, who was traveling to the UK to celebrate Easter, was held for alleged identity theft, according…
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AfricaEconomyWorld

New Indian foreign policy to erase US dollar dominance

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The Chinese yuan may be the perfect foil for the rupee to usher in a new multipolar order for global trade Exclusive News According to RT News, India’s new foreign trade policy, which took effect on April 1, seeks to pivot away from the US dollar’s hegemony and promote the country’s own own national currency, the rupee, in a bid to boost exports and conserve its foreign exchange…
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WarWorld

North Korea show new military artillery

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Pyongyang said its latest test featured a solid-fuel missile with greater “military utility” Exclusive News According to RT News, North Korea has claimed that its latest missile test showed the effectiveness of a newly developed intercontinental ballistic missile (ICBM) that will greatly enhance its “nuclear counterattack posture” and help strike “extreme uneasiness and…
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EconomyWorld

US dollar to lose global supremacy-Reports

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The greenback will inevitably lose its leading position in world finance, a central banker believes Exclusive News According to RT News, the US currency’s dominant position in the world economy will gradually decline over time, the head of the Philippines’ central bank, Felipe Medalla, told RIA Novosti on Wednesday. Medalla called for the creation of a multi-currency world…
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