Economy News Forum

09/03/2026

2025 Oil Reserve Rankings Show Iran Ahead Of The USA & UAE And Among The World’s Top 8 Largest Oil Reserve Nations.
Data Source: WorldoMeters Report (2025)

04/03/2026

Former Senegalese president Macky Sall has entered the race to succeed UN Secretary-General Antonio Guterres, whose term ends in December 2026, after being nominated by Burundi and presented by President Evariste Ndayishimiye in his capacity as African Union chair. Sal, who led Senegal from 2012 to 2024, faces criticism at home over alleged fiscal mismanagement. He joins Michelle Bachelet and Rafael Grossi as declared candidates, while Costa Rica has proposed Rebeca Grynspan. The five-year term begins on 1 January 2027, with the selection process set to start by the end of July. If elected, Sall would become the third African to hold the post, after Egypt’s Boutros Boutros-Ghali and Ghana’s Kofi Annan.

27/02/2026

27/02/2026

German Chancellor Friedrich Merz has announced that the Chinese leadership will be ordering up to 120 additional aircraft from the European aviation giant Airbus. The announcement came during Merz's high-profile visit to Beijing, where he met with Chinese President Xi Jinping and Premier Li Qiang to deepen economic and diplomatic ties between the two nations.

As the leader of the world’s third-largest economy, Merz emphasized that this substantial order "demonstrates how worthwhile such trips can be," particularly as both countries navigate a period of rising global economic and geopolitical uncertainty. During their bilateral meeting at the Diaoyutai State Guesthouse, President Xi highlighted the need for China and Germany to "strengthen strategic communication and enhance strategic mutual trust" in an increasingly turbulent world.

This deal is a significant win for Airbus, reinforcing its strong position in Asia's largest economy as China continues to expand its civil aviation fleet. The visit by Merz signals a continued commitment to pragmatic economic cooperation between Berlin and Beijing, despite broader international tensions and the complexity of modern trade relations.

By securing such a large-scale agreement, Germany aims to stabilize its industrial output and maintain a robust trade partnership with one of its most critical global markets. As the global aviation industry recovers and expands, this 120-aircraft commitment marks a major milestone for European-Chinese aerospace collaboration in early 2026.

27/02/2026

Zimbabwe has withdrawn from negotiations with the US on a new health aid agreement. It would have provided $367 million over five years, according to the US embassy in Zimbabwe. The decision reportedly followed directives from President Emmerson Mnangagwa, who argued the proposed deal threatened the country’s sovereignty and independence. Zimbabwe objected to provisions granting the US long‑term access to national health data, arguing it posed risks to sensitive population‑level information and amounted to undue external intrusion. Zimbabwe’s decision now places long‑standing US‑funded HIV/AIDS treatment support at risk. The halted deal comes as the US signs similar health pacts across Africa under its America First strategy, with countries such as Rwanda, Uganda, Lesotho, and Eswatini onboard.

18/02/2026

The Lagos-based Dangote Group, one of Africa’s largest industrial companies, has inked a $400 million equipment deal with Chinese construction giant XCMG to expand its Dangote Petroleum Refinery. It aims to increase production from 650,000 to 1.4 million barrels per day — which could make it the largest refinery in the world. The Dangote Groups said the new equipment will support refining, petrochemicals, agriculture, and infrastructure projects. The three-year expansion plan will also raise polypropylene production—a plastic used in everyday products such as packaging, containers, and car parts—to 2.4 million tonnes per year.

18/02/2026

18/02/2026

Wealthiest ones on each continent.

16/02/2026

Tyler Reddick won the Daytona 500 in a car owned by Michael Jordan when Chase Elliott crashed as he and Reddick were battling for the win. https://cnn.it/4bRCRvj

16/02/2026

Vinícius Júnior vs Kylian Mbappé

16/02/2026

In total, the nation’s top 25 philanthropists have donated $275 billion so far in their lifetimes, an uptick of $34 billion over last year. That’s a huge sum but represents just 14% of their combined fortunes, the smallest percentage since 2021.

Not generous enough to make the top 25 cut: Elon Musk and Larry Page, the world’s two richest people, who together are worth more than $1 trillion.

Read more about this year's list: https://www.forbes.com/sites/forbeswealthteam/2026/02/09/americas-top-25-philanthropists---and-why-musk-page-and-ellison-arent-on-the-list/?utm_campaign=ForbesMainFB&utm_source=ForbesMainFacebook&utm_medium=social

16/02/2026

🚗🌍 The top car brands of 2024 are here! Toyota leads with 9.35M+ sales, followed by Volkswagen and BYD. Hyundai, Honda, and more complete the lineup. Which brand tops your preference? 🏁🔥