France’s economy stalled in the first quarter, posting zero growth, according to initial GDP estimates. The figures reflect the effects of the Middle East conflict that began on February 28. Data released by INSEE on Thursday showed that sluggish domestic demand and a significant drag from foreign trade weighed on overall economic performance. Earlier projections…
President of the Dangote Group, Aliko Dangote, has expressed concern over rising instability in the global oil market, warning that the ongoing Middle East conflict could deepen economic hardship across Africa if it is not urgently resolved. Speaking after a meeting with President Bola Tinubu in Lagos, Dangote noted that although Nigeria is not directly…
Member states of the International Energy Agency (IEA) convened on Tuesday for emergency talks to assess global energy security and the possible release of strategic reserves, as the escalating Middle East war rattles oil markets. IEA Executive Director Fatih Birol, speaking after a meeting of G7 energy ministers in Paris, warned that conditions in oil…
