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Poland's government has announced a suspension of the right to seek asylum, a decision confirmed by Prime Minister Donald Tusk amid ongoing irregular migrant arrivals from neighboring Belarus. The situation has escalated, with Poland and other EU countries along the eastern border accusing Russia and Belarus of orchestrating a deliberate campaign to push thousands of migrants across their borders in recent years. As Tusk noted, "This evening the government will adopt a decree suspending the right to apply for asylum. Just…

Current Market Conditions and Silver's Performance in 2024 In 2024, silver prices jumped by an impressive 18%, outpacing gold's more modest growth. What fueled this surge? Mainly, it was a mix of inflationary pressures and heightened industrial demand, particularly from the renewable energy sector. Unlike gold, which is traditionally seen as a safe-haven asset, silver holds a dual role—it serves both as an investment asset and as an industrial metal. This duality provides silver with a unique advantage in volatile…

Somalia Elections - A Step Towards Empowerment "This is the first step in returning the power of choice to the Somali people," declared Hassan, with a sense of hope mingling with the cautious optimism that peppered the room. Looking back, it's intriguing how substantial this moment is. Somalia is poised on the brink of hosting its first direct vote for local councils since the central government disintegrated back in 1991. What a journey from clan-dominated politics to this pivotal milestone in democratic governance. The…

During a recent Stanbic Economic Series webinar, cloaked under the theme of "The Economy under a New Era", Mr. Qureishi unfolded a tapestry of insightful analysis and bold predictions about Ghana’s economic landscape. The discussion was a captivating dive into key growth drivers and structural risks that hover like spectres over the country's economic future. One might wonder, amidst global uncertainties, what fuels this optimism? Strong Recovery in 2024 Sets Stage for 2025 Ghana's…

November 24, 2024. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights In a noteworthy move, the International Monetary Fund (IMF) and Kenya are gearing up to discuss a fresh lending initiative that could be pivotal for the East African nation, especially after both parties decided to forego the anticipated ninth review of the existing $3.6 billion agreement. But why is this dialogue significant, and what does it spell for Kenya's financial future? Let's delve into these pressing questions. For Kenya, sustaining…

The European Union has announced the implementation of counter tariffs on US goods valued at €26 billion (approximately $28 billion) beginning next month. This move marks a significant escalation in the ongoing global trade tensions, prompted by the blanket tariffs imposed by the United States on steel and aluminum imports. In response to these trade dynamics, US President Donald Trump has activated increased tariffs of 25% on all steel and aluminum imports, which took effect as previous exemptions and duty-free quotas…

The Corporate Council on Africa (CCA) has made a momentous announcement: the 17th U.S.-Africa Business Summit will take place in 2025 in the vibrant city of Luanda, Angola. This summit promises to be an extraordinary gathering, welcoming over 1,500 delegates, which will include heads of state from across Africa, government leaders, senior officials from the U.S. government, and executives from both U.S. and African enterprises. What lies ahead is a platform rich with potential, where discussions will explore a myriad of…

Shaping the Future: Global Automotive Industry in 2024 As we step into 2024, the world of automaking finds itself at a fascinating juncture. Traditional powerhouses—Japanese, German, and American car manufacturers—continue to dominate the automotive landscape. Yet, an undeniable momentum is building behind Chinese and Korean brands, threatening the status quo with their innovation and burgeoning global presence. What stories are these changing times telling us? The Global Automotive Leaders Across the world, automakers…

Shifting Tides in U.S.-Ukraine Relations: A Brief Look at Recent Developments In a surprising turn of events, President Donald Trump has decided to pause military aid to Ukraine. This decision follows a contentious meeting with Ukrainian President Volodymyr Zelensky that took place last week. The implications of this pause are significant and may unravel the once-solid alliance between the two nations. The Rationale Behind the Pause A White House official, speaking on the condition of anonymity, shared some insights: “The…

Somalia to Take the Helm of AUSSOM as Local Forces Gear Up for Transition MOGADISHU, Somalia - In a significant step towards sovereign command, it has been confirmed by top officials that Somalia is set to assume the leadership of the African Union Support and Stabilization Mission in Somalia (AUSSOM). This comes as local forces gear up to take over full security responsibilities, marking a pivotal change in the dynamic of power and control within the region. What does it mean for the people of Somalia to see this…