Centre-right candidate Rodrigo Paz Pereira has won Bolivia’s presidential runoff, ending nearly two decades of leftist rule and signalling a potential recalibration of the country’s international alliances, including its relationship with the BRICS bloc. In a significant political realignment, centre-right senator Rodrigo Paz Pereira was elected as Bolivia’s next president
In the United Arab Emirates, the Central Bank of the UAE (CBUAE) lowered its base rate on the overnight deposit facility by 25 bps to 3.90 per cent, easing from 4.15%. The move takes effect immediately and marks the second rate cut of the year for the UAE. Similarly, Saudi
Amid mounting trade shocks and heightened geopolitical uncertainties, Chinese President Xi Jinping will join leaders from APEC economies in South Korea in the coming days, in a bid to build consensus for shared prosperity and reaffirm China’s commitment to open, inclusive economic globalisation. The International Monetary Fund has projected that
On November 5 the Supreme Court of the United States will hear oral arguments on whether the US President may, acting alone, impose tariffs under emergency powers. The case centres on the actions of Donald Trump and his use of the International Emergency Economic Powers Act (IEEPA) to declare national
Global investment giant Goldman Sachs is intensifying its presence in the Middle East by establishing a private wealth management team in Saudi Arabia, marking a significant step in its strategy to capture a growing segment of high-net-worth investors across the Gulf region. The move comes as Saudi Arabia accelerates efforts
President Luiz Inácio Lula da Silva’s administration is intensifying efforts to levy taxes on Brazil’s rapidly expanding online gambling sector, aiming to bolster revenue for the 2026 national budget. Finance Minister Fernando Haddad’s initiative, branded under the “billionaires, banks and bets” agenda, targets R$35 billion (€6.2 billion) through levies on companies that
Ethiopia faces renewed instability as its relationship with Eritrea rapidly deteriorates, nearly seven years after their 2018 peace accord. The peace, once a cause for celebration and a Nobel Prize, now seems superficial, overshadowed by escalating hostility, clashing geopolitical interests, and unresolved issues from the devastating Tigray War. What was
The African Energy Commission (AFREC) launched its Eastern Africa Regional Oil and Gas Market Report at the 2025 Africa Oil Week (AOW) in Accra, Ghana. This launch highlights AFREC’s commitment to accelerating regional energy integration, sustainable development, and intra-African trade. The event brought together ministers, CEOs, and global energy leaders,
A major consortium led by Toyota Manufacturing UK (TMUK) has been awarded significant funding from the UK government to pioneer the development of a new class of sustainable urban vehicle. The feasibility study, financed through the Advanced Propulsion Centre’s (APC) DRIVE35 programme, will focus on creating a prototype for a
On 15 October 2025, Google South Africa, in collaboration with the Pan South African Language Board (PanSALB), launched a groundbreaking initiative in Johannesburg: a glossary of 100 artificial intelligence terms translated and standardised into isiZulu, isiXhosa, and Afrikaans. This move signifies a growing understanding that true digital inclusion and democratisation
