Author: Solomon Alaka

Gold prices climbed to a four-month high on Monday, driven by growing market expectations of a U.S. Federal Reserve interest rate cut in September. The prospect of looser monetary policy boosted demand for non-yielding assets like bullion, traditionally seen as a safe haven during economic uncertainty. Spot gold rose above $3,470 per ounce, while silver […]

Chancellor Rachel Reeves has announced a £39 billion Affordable Housing Programme, marking the largest investment in social and affordable housing in the UK in half a century. The initiative, developed in collaboration with Deputy Prime Minister Angela Rayner, forms part of the Government’s broader strategy to tackle the national housing crisis. The programme includes an […]

German Chancellor Friedrich Merz has cautioned that Russia’s war in Ukraine could continue for an extended period, stating that peace must not come at the cost of Ukraine’s sovereignty. In a televised interview on August 31, Merz said he is “mentally preparing” for a long conflict, emphasizing that “we’re trying to end it as quickly […]

The Justice Department’s Environment and Natural Resources Division (ENRD) today filed a motion for summary judgment in its challenge to the State of New York’s “Climate Change Superfund Act,” which imposes $75 billion in liability on foreign and domestic energy companies for their alleged past contributions to climate change. The complaint was filed in May, along […]

Amazon Web Services (AWS) has officially launched its Asia Pacific (Auckland) Region, backed by a NZD 7.5 billion (USD 4.4 billion) investment aimed at expanding cloud infrastructure across New Zealand. The initiative marks one of the largest technology investments in the country’s history. The new AWS Region includes three Availability Zones and is expected to […]

Syria has officially exported 600,000 barrels of heavy crude oil from the port of Tartus, marking its first known oil shipment in 14 years. The deal, confirmed by the Syrian Ministry of Energy, was made with B Serve Energy, a firm linked to global trader BB Energy. The oil was transported aboard the Nissos Christiana […]

A catastrophic landslide has claimed the lives of more than 1,000 people in the village of Tarasin, located in Sudan’s South Darfur region, following days of intense rainfall. The disaster struck on August 31, flattening the entire community in the Marra Mountains, according to the Sudan Liberation Movement/Army (SLM), which controls the area. Initial reports […]

The UK Government has announced £1 million in emergency funding to support victims of the recent 6.0-magnitude earthquake in eastern Afghanistan, which has claimed over 800 lives and injured thousands. The aid will be delivered through trusted international partners to ensure it does not reach the Taliban administration. The funding will be split between the […]