economy

economy

Gold surges above $4,300 for 1st time

Gold surges above $4,300 for 1st time

Africa-Press - Lesotho. Gold, breaking new records day by day, exceeded another important threshold by reaching $4,320 on Thursday. Gold prices rose sharply amid...
Global Markets Decline Amid Ongoing US Government Shutdown

Global Markets Decline Amid Ongoing US Government Shutdown

Africa-Press - Lesotho. Global markets declined as the US federal government shutdown entered its 17th day and fears over the banking sector intensified following...
Putin Accuses Western Elites of Disrupting Energy System

Putin Accuses Western Elites of Disrupting Energy System

Africa-Press - Lesotho. Russian President Vladimir Putin on Thursday accused “certain Western elites” of artificially disrupting the global energy system. Speaking at the plenary session...
IMF warns of rising debt risks in Sub-Saharan Africa

IMF warns of rising debt risks in Sub-Saharan Africa

Africa-Press - Lesotho. Sub-Saharan African governments are increasingly turning to local banks to fund their budgets, paying higher borrowing costs at home than abroad...
5th Türkiye-Africa Business and Economic Forum Opens

5th Türkiye-Africa Business and Economic Forum Opens

Africa-Press - Lesotho. The fifth Türkiye-Africa Business and Economic Forum (TABEF) opened in Istanbul on Thursday, organized by the Foreign Economic Relations Board (DEIK)...
Türkiye-Africa Trade Reaches $37B in 2024

Türkiye-Africa Trade Reaches $37B in 2024

Africa-Press - Lesotho. The trade volume between Türkiye and Africa exceeded $37 billion in 2024, with Ankara aiming to reach $40 billion in 2025,...
Nearly every African Nation at Türkiye-Africa Forum

Nearly every African Nation at Türkiye-Africa Forum

Africa-Press - Lesotho. Fifty of 54 African sovereign states attended the Türkiye-Africa Business and Economic Forum (TABEF) in Istanbul, which was hosted Thursday by...
Gold Surpasses $4,200 Amid Fed Rate Cuts and Trade Tensions

Gold Surpasses $4,200 Amid Fed Rate Cuts and Trade Tensions

Africa-Press - Lesotho. The price of gold per ounce saw another significant level, exceeding $4,200, on Wednesday, amid growing anticipation of additional US interest...
Global Public Debt to Exceed 100% of GDP by 2029

Global Public Debt to Exceed 100% of GDP by 2029

Africa-Press - Lesotho. The International Monetary Fund (IMF) said Wednesday that global public debt is expected to exceed 100% of the world's gross domestic...
Global Shipping Nations Consider Climate Deal Amid US Opposition

Global Shipping Nations Consider Climate Deal Amid US Opposition

Africa-Press - Lesotho. The world’s largest maritime nations are gathering in London Tuesday in a bid to strike a historic climate deal that could...