How the civil war in Yemen could affect global shipping routes – explainerHow the civil war in Yemen could affect global shipping routes – explainer

Houthi militants have made a lightning advance along the Red Sea coast, capturing strategically important territory in Yemen. Hundreds of civilians have been killed and more than 100,000 people have been forced to flee their homes. The Guardian’s Oliver Holmes explains why this conflict has world governments on edge Continue ...

Nigeria minister touts ‘quite good’ relationship with USNigeria minister touts ‘quite good’ relationship with US

Nigeria’s trade minister on Tuesday described the country’s relationship with the US as “actually quite good” despite a 12.5% tariff Washington imposed on Nigerian exports in July as part of a broader action targeting 60 countries. “The US-Nigeria relationship is actually quite good,” Jumoke Oduwole, Nigeria’s federal minister of industry, ...

Hormuz disruption will lead to ‘structural shift’, Shell Foundation CEO saysHormuz disruption will lead to ‘structural shift’, Shell Foundation CEO says

The disruption from the Strait of Hormuz will yield a “structural shift” in the energy consumption of the billions of people who remain disconnected from the digital economy, Shell Foundation CEO Jonathan Berman said at Semafor’s The Next 3 Billion on Tuesday. Forecasts estimate it will be about three years ...

IFC chief takes aim at Africa’s costly risk labelIFC chief takes aim at Africa’s costly risk label

The News The head of the World Bank’s private-sector arm said investors “absolutely” overprice risk in Africa, inflating borrowing costs across the continent by treating dozens of diverse markets as a single investment story. Speaking at Semafor’s The Next 3 Billion event, Makhtar Diop, managing director of the International Finance ...