Business

Libya’s East Government May Declare Force Majeure on Oil Fields, Ports

Libya's eastern government plans to declare force majeure on oil fields and ports due to assaults on the National Oil Corporation. Despite being unrecognized internationally,...

Waorani People Fight for Their Rights in Ecuador Amid Global Indigenous Struggles

The Waorani people in Ecuador are challenging government oil rights auctions on their ancestral lands, a case that could reshape global Indigenous consultation practices. Indigenous...

Cash-Hoarding Cripples Zimbabwe Banking Sector

Zimbabwe's banking sector faces a severe liquidity crisis as wealthy individuals hoard billions outside the formal financial system. Dr. Sibongile Moyo of the Bankers Association...

Colombia’s Bicentenario Pipeline Stops Pumping After Attack

Colombia's Bicentenario pipeline halted operations following a recent attack, raising concerns over security in the oil industry. The pipeline plays a crucial role in transporting...

South African Rand Weakens Ahead of Key Interest Rate Decision

The South African rand has weakened slightly as it approaches a crucial interest rate decision from the SARB, with expectations of a 25 basis point...

Brazil Government Renews Tariffs and Quotas on Steel Products

The Brazilian government has renewed tariffs and quotas on steel products, aiming to protect local industries. The decision aligns with a reported earnings increase from...