highest

Exploring the Burden of Debt in African Economies Albert Einstein once quipped, "Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it." This quote rings particularly true for several African nations today. According to the International Monetary Fund (IMF), numerous African economies find themselves grappling with alarming levels of government debt. This raises a multitude of questions about fiscal sustainability…

If there's one thing that America has become very familiar with, it's debt. As the calendar flipped to the end of 2024, the United States found itself wading through an enormous sea of liabilities, amounting to a staggering $36.1 trillion. This marked a noticeable rise from the $34.4 trillion documented a year prior in 2023. The numbers tell a story, don't they? But what's really at the heart of this story, and why does this matter? Debt, believe it or not, is woven into the fabric of…

Analyzing the CPI: A Journey through Clothing and Footwear Costs Have you ever wondered how the cost of the clothes you wear is determined? Every stitch, button, and thread of our outfits is intertwined with the financial fabric known as the Consumer Price Index (CPI). Historically, CPI has been composed of several components, with housing, clothes, and food leading the charge. Think about it—while food undeniably sits at the throne of essentials, for many, clothes follow right at its heels. And isn't it…

Unraveling the Thread: The Economic Impact of Clothing Prices The Consumer Price Index (CPI) is an economic concept many of us hear about, but few truly grasp. It consists of various elements, with food, clothing, and housing being the most significant. However, there are other interesting items on this list—recreation, health, and education, to name a few. My friend once said, "It’s like trying to balance plates on a stick—you’ve got to keep an eye on each one." Have you ever noticed…

In a significant legal development, Ghana's Supreme Court has turned down two attempts aimed at halting the enactment of a contentious piece of legislation targeting the LGBTQ+ community. This legislation, formally known as the Sexual Rights and Family Values Bill, received parliamentary approval in February. Under this bill, individuals from sexual minorities could face imprisonment ranging from six months to three years for engaging in homosexual relations. While the bill boasts substantial backing within Ghana, it has…

According to a fresh analysis unveiled during the COP29 climate conference in Baku, Azerbaijan, the international standing of Ireland in terms of climate performance has seen a marked improvement over the last year. This comprehensive study evaluated 63 nations, representing a staggering 90% of global greenhouse gas emissions. With a hefty leap of 14 spots, Ireland now sits in 29th place, marking its highest ranking to date. This achievement indicates that, for the first time, the Republic has now reached the status of a…

DUBAI — Saudi Arabia has embarked on a significant surge in executions, hitting a 30-year apex. With three more executions announced on Saturday, the 2024 tally skyrocketed to 198, per AFP's count. The kingdom ranks third globally in executions, trailing only China and Iran, Amnesty International reported for 2023. This latest figure supercedes previous peaks of 196 in 2022 and 192 in 1995, according to the London-based human rights organization, which has been documenting annual data since 1990. The Saudi Press…

Hargeisa (AX) — The Supreme Court of North Western State of Somalia has mandated the speedy liberation of lawmaker Mohamed Abiib Yusuf, condemning his detention as unlawful. On Monday, the court announced that Yusuf should be freed from Madera prison today, instructing the Commander of the Custodial Corps to comply. Assemblyman Yusuf's arrest defied the law, according to the court, which pointed out that the North Western State of Somalia House of Representatives had overwhelmingly refused to strip away his parliamentary…

Nothing is right between President Uhuru Kenyatta and his Vice President, William Ruto. In the background already: the next presidential election in 2022. If the campaign has not yet started, the supporters of the two camps have already been involved in a relentless struggle for several months. Violence is already breaking out between the opposing clans. The stability of the country may be compromised. as reported from Nairobi, Sunday is Mass Day. Who says mass says political gatherings. On Sunday, Raila Odinga, former…