Factoring OPEC Production Cuts in to the Oil Trade

The UN has recently cut food aid to Rohingya refugees in Bangladesh. Observers fear this will lead to severe health problems, and also increased crime. They say refugees must be allowed to work.

The oil production cuts will total more than a million barrels per day — the biggest reduction since OPEC slashed two million barrels a day in October.

An unexpected OPEC production cut announcement has pushed up the price of oil. Besides reducing the amount of oil for sale, the move could also play into the hands of Russia and refill its war chest.

One traditional method of making edible palm oil in Nigeria involves stomping on the fruits. Some food experts say the use of feet in the production process could pose a hygiene risk.

Workers and the head of a French soft toy production company on Wednesday said they were proud to make the mascots for the Paris 2024 Olympic Games.

The EU has big plans to step up its ammunition production to 1 million rounds per year to keep Ukraine supplied with bullets. It is set to channel up to $1 billion to arms producers to make that happen.

We take a look at former French President's Nicolas Sarkozy's interview in Le Figaro, as he defends himself against corruption charges.

South Africa's economy is at risk of going off the grid as recurring power cuts wreak havoc on the country's businesses and households. Alongside this energy crisis, the nation's central bank is sounding the alarm over potential threats to financial stability. These concerns stem from capital outflows and the possibility of sanctions due to South Africa's stance on Russia's invasion of Ukraine.

Russian wine suppliers have been facing difficulties due to EU sanctions. But Putin's favorite vintners have been trying to import material from Portugal and France through third-party countries.

The move to slash supplies by 1 million barrels per day in July is "extendable," said Riyadh. Members of the OPEC+ grouping also agreed to extend cuts previously agreed in April until the end of next year.

In spite of an agreement struck in April to cut production of crude by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, oil prices still haven't seen a boost. In this edition, we see that concerns over global economic growth are outweighing the production cuts. Also, European space rocket Ariane 5 gears up for its final lift-off and Singaporean bank UOB makes a winning bet on Taylor Swift fans.

The European Union said it was suspending all aid to Niger with immediate effect after General Abdourahamane Tchiani declared himself the leader of the country in a coup. The bloc will also stop all security cooperation.