Foreign farmers and agricultural workers are increasingly migrating to South Africa from neighbouring countries, attracted by higher wages and better opportunities.
The United States imposed a fresh wave of sanctions on Iran’s oil sector, targeting over 30 individuals and tankers, including the CEO of the National Iranian Oil Co. (NIOC), for facilitating the sale and transportation of Iranian crude.
Oil production plays an important role in the economy of many African countries. The chart shows oil rents as a percentage of gross domestic product (GDP) for the nine African nations most reliant on it, Our World in Data reports.
The Institute of International Finance (IIF) has forecast a decrease in Russia’s fiscal breakeven oil price (the amount to balance the external current account) to $77 per barrel by 2025, supported by a recovery in oil and gas revenues.
While countries like China and the United States had the highest electricity demand by a considerable margin, a new player that rivals the consumption of some of the biggest economies and is bolstered by the ongoing AI hype and data center use.