How the US-China trade war is disrupting commodity markets
18 September 2019 | 1:02 pm
The World Bank says agricultural prices are expected to fall 2.6 per cent this year on average, amid ample stocks but foresees a 1.7 per cent rise in 2020 on expected cuts in U.S. crop plantings and higher costs of energy and fertilizers. For a focus on the global commodities market, Damilola Akinbami, Head of Research at Financial Derivatives joins CNBC Africa for more.
10 Oct 2022
6 Sep 2022
Nigeria has successfully secured the support from the World Bank with a commitment to help the country phase out petrol subsidies and meet up with its Energy Transition plan. This follows meetings between Nigeria’s Vice President and World Bank Group President David Malpass. Other meetings are currently underway with U.S. officials and development partners.
10 Oct 2022
It is unlikely the world can meet the goal of ending extreme poverty by 2030, a World Bank report found. Experts have said COVID-19 ended years of progress while war and higher prices are now making things worse.
28 Oct 2022
The Covid-19 pandemic and Russia's invasion of Ukraine have reversed three decades of progress in reducing poverty, according to the World Bank, which is warning that the global goal of eradicating extreme poverty by 2030 is now out of reach.
26 Nov 2022
African leaders said they would try to alleviate cyclic food insecurity on the continent back in 2003. It's time they got on with it, and they can use Western money to do so, writes DW’s George Okach.
19 Dec 2022
The farming system that feeds the world is the biggest killer of biodiversity. It does so by destroying habitats, overusing fertilizers, pesticides and herbicides, and creating vast monocultures. But there are solutions.
The World Bank says a sharp, long-lasting slowdown is expected to hit developing countries hard this year as the global economy weakens. The bank said this in its latest 'global economics prospects' report, released on Tuesday.
World Bank president David Malpass on Wednesday said he would leave his post by the end of June, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.
World Bank President David Malpass on Wednesday said he would quit his role before his term ends. Malpass declared this, months after faulting the White House for failing to say whether he accepted the scientific consensus on global warming.
A week after the Dutch provincial elections delivered pro-farming results, government plans to slash nitrogen emissions could well be delayed.
Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions".
The World Bank and International Monetary Fund's Spring Meetings kicked off this week with concerns over high inflation, rising geopolitical tensions, climate change and financial instability. World Bank Senior Managing Director Axel van Trotsenburg told FRANCE 24 that "we need to stay engaged with developing countries.
3 hours ago
The Spanish international has reacted to the federation calling up players who are boycotting the women's national team, claiming the move showed "nothing had changed."
3 hours ago
At least 17 Japanese nationals have been accused of spying under sweeping "espionage" regulations introduced by Beijing in July, leaving companies reluctant to send their staff to China and imperiling local production.
4 hours ago
Israel complained about the presence of German Ambassador Steffen Seibert at a meeting in Israel's Supreme Court. Reform of that institution, sought by the government, is a contetious domestic issue in Israel.
4 hours ago
China has sharply rejected statements made by German Foreign Minister Annalena Baerbock in the United States about Chinese leader Xi Jinping.
5 hours ago
Germany has wanted reform of the UN Security Council for years. But its bids to join the exclusive circle of permanent members have always failed.