Russia's invasion of Ukraine "has been a huge shock to commodity markets, changing global patterns of trade, production and consumption in ways that will keep prices at historically high levels until the end of 2024," point out the authors of the latest report on the Outlook for Commodity Market Developments...
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OECD: World economy GDP will shrink by 1 point and inflation will rise by 2.5
The effects of the war in Ukraine are already being felt at the level of the global economy. After the IMF admitted to revise down its forecasts for the global economy, the Organization for Economic Cooperation and Development (OECD), admitted today that the conflict in Ukraine will reduce the growth of the world economy by one...
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"Russia's oil production to shrink 25%," IEA estimates
Russia's oil production could fall by about a quarter as early as next month, the International Energy Agency (IEA) warned in its monthly report this Wednesday. The invasion of Ukraine has prompted Western countries to move forward with a series of economic sanctions on Moscow, leading several companies to cut their relations with...
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February 18, 2022February 18, 2022Technology & Innovation
"Foldable cell phone market will be worth €25 billion by 2025"
A report with forecasts on the evolution of the foldable cell phone market, estimates that by 2025, 27.6 million of these devices will be sold. According to the International Data Corporation (IDC) report, in three years, this segment will have a market value of around 29 billion dollars, about 25.5 billion...
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Mozambique. An ideal haven for terrorists due to bad governance - USA
Mozambique and other states are indicated as countries that serve as "safe havens for terrorists" where they are able to orchestrate their plans "with relative safety" by weak "governance capacity, lack of political will, or both," according to a report by the United States Department of State (US). The document, published this Thursday, reveals that...
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One in four people pays bribe or offers sex to obtain land in Mozambique
Offering money or sex are some of the recurrent corruption practices in rural Mozambique to obtain a document that gives the Right to Use and Enjoy Land (DUAT), according to the Center for Public Integrity (CIP). The CIP report on corruption for land acquisition in rural areas analyzed three...
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Moody's maintains stable outlook for European banking
The 'rating' agency Moody's maintains a stable outlook for European banking thanks to the sustained pace of economic recovery and the good level of capital that banks have to face insolvencies, according to Lusa. Moody's report highlights the overall "good health" of most European financial systems.
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Global trade reaches record values in 2021
Global trade could reach the $28 trillion mark this year, reveals a new report from the United Nations Confederation, Unctad, released yesterday. The figure is 23% higher than last year and 11% higher than the figures for 2019, before the Covid-19 pandemic. Despite this year's positive result, Unctad reveals that...
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November 26, 2021November 29, 2021Latest, Featured, Interviews & Reports, National
Extractive Sector Transparency Index decreases in 2020, points out CIP study
On balance the report of the Center for Public Integrity (CIP), released this morning, concludes that the Extractive Sector Transparency Index (ITSE) in Mozambique is still very low. "From the analysis made for the 22 companies studied in the 2020/2021 edition, on average, the ITSE in Mozambique stood at 0.25 points representing a decrease in...
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November 24, 2021November 24, 2021Latest, Agriculture, World
About 3 billion people in the world cannot afford a healthy diet, says FAO
According to the report by the Food and Agriculture Organization of the United Nations, FAO, entitled "The State of Food and Agriculture 2021," about 3 billion people in the world cannot afford a healthy diet. If a new shock comes, reducing people's incomes by one-third, another 1 billion could fall into this trap....