Elon Musk has announced plans to give one of his SpaceX shares to every child in America next year, a pledge that could be worth more than $10 billion at the company’s recent stock price. The billionaire entrepreneur made the announcement on Monday, 19 October 2026, through his social media platform, X. “Next year, I
Elon Musk pledges SpaceX share to every child in America in 2027 Read More »
China’s economy grew by 4.5% in the third quarter of 2026 compared with the same period last year, exceeding economists expectations as strong exports and industrial production helped offset weak domestic demand. Figures released by China’s National Bureau of Statistics on Monday, 19 October showed that growth accelerated from 4.3% in the second quarter. The result also
China’s economy grows 4.5% in the third quarter as exports offset weak domestic demand Read More »
Artificial intelligence could expand the United States economy to $44 trillion by 2030 if the technology continues to advance rapidly, according to a projection presented by Anthropic co-founder Jack Clark. Clark discussed the estimate on Saturday, 17 October 2026, during the International Monetary Fund (IMF) and World Bank annual meetings in Bangkok, Thailand. According to Reuters,
Anthropic co-founder says AI could lift US GDP to $44 trillion by 2030 Read More »
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has reaffirmed that the federal government will not restore petrol subsidies or return to a multiple exchange-rate system. Oyedele made the declaration on Saturday, 17 October 2026, during a press briefing in Bangkok, Thailand, at the conclusion of the International Monetary Fund (IMF)
Oyedele rules out return to petrol subsidy and multiple exchange rates Read More »
ExxonMobil expects stronger refining margins to provide a $4.5 billion boost to its third-quarter earnings compared with the previous three months, highlighting the different effects of volatile energy prices on its business. The US energy company disclosed the estimate on Friday, 16 October 2026, ahead of its full financial results scheduled for 30 October. According
ExxonMobil expects $4.5bn refining earnings boost despite weaker oil prices Read More »
Shell is considering selling its French fuel-station network and related transport-fuel services to DCC Energy in a proposed deal covering about 70 retail sites and eight liquefied natural gas (LNG) installations. The transaction could be completed in the second quarter of 2027, subject to finalising the agreement and consulting employee representatives. The sale has not
Shell Considers Sale of 70 French Fuel Stations to DCC Energy Read More »
Zimbabwe is stepping up efforts to build confidence in its gold-backed ZiG currency, but persuading citizens and businesses to use it more widely remains a major challenge after years of monetary instability. The Zimbabwe Gold (ZiG) was introduced in April 2024 as part of the government’s attempt to stabilise the economy and reduce its dependence
Zimbabwe’s gold-backed ZiG struggles to win public trust despite signs of stability Read More »
Global oil prices fluctuated on Thursday, 15 October 2026, as traders assessed possible changes to US sanctions on oil tankers alongside renewed concerns about shipping security and petroleum supplies. Brent crude initially declined during trading but later recovered, while US West Texas Intermediate (WTI) gained following a larger-than-expected fall in American crude inventories. According to Reuters,
Oil prices fluctuate as the US weighs easing sanctions on tankers Read More »
The International Monetary Fund (IMF) has upgraded its economic growth forecast for sub-Saharan Africa, pointing to resilience across the region despite continuing pressure from rising prices, borrowing costs, and declining development assistance. Speaking during the IMF and World Bank Annual Meetings in Bangkok, Thailand, on Thursday, 15 October 2026, IMF African Department Director Zeine Zeidane said
IMF raises sub-Saharan Africa growth forecast to 4.5% but warns of further aid cuts Read More »
Global diesel supplies could remain under pressure well into 2027 as conflict-related damage and export disruptions in the Middle East and Russia limit the availability of refined fuel, the International Energy Agency (IEA) has warned. In its October Oil Market Report, published on 14 October 2026, the agency said unusually large withdrawals from fuel stocks
IEA Warns Global Diesel Supply Crunch Could Last Well Into 2027 Read More »
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