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The European Union has introduced its 18th package of sanctions against Russia in response to its ongoing conflict with Ukraine. This initiative is primarily focused on further diminishing Russia's oil and energy sector. Here’s a summary of the key components included in this latest sanctions package. Oil Price Cap The EU will implement a dynamic price cap on Russian crude, set at 15% below its average market price, as announced by EU diplomats. Currently, this translates to a cap of approximately $47.60 per barrel,…

In the shadowy corners of the cryptocurrency market lies a group of sophisticated financial entities playing a pivotal role in its evolution: market makers. Their influence isn't simply about moving assets; it’s about setting the stage for the future of trading in this exciting yet tumultuous landscape. In this article, we will delve into the essentials of market making, trace its roots in traditional finance, and explore its critical function in fostering a more efficient cryptocurrency trading environment.…

The capital of Somalia, Mogadishu, is becoming a hotbed of political strife as a contentious tussle unfolds between the federal government and the southern state of Jubbaland over electoral reforms. Prime Minister Hamza Abdi Barre, clearly understanding the stakes, called an urgent cabinet meeting on Sunday. In the spotlight is a heated debate with Jubbaland dismissing federal election changes in favor of their own regional autonomy. The central conflict revolves around the federal authorities' ambition to enact a direct…

In the Democratic Republic of Congo, the Minister for Decentralization and former Vice-President Azarias Ruberwa again faced MPs on Tuesday 27 October. He was accused of using his influence to allow the creation of the municipality of Minembwe, where his community, Banyamulenge, is in the majority. He was questioned on a whole range of issues, from the legality of the procedure used to the boundaries of…