https://sagire.online/topic/economy/ Articles and notes about Economy. en Thu, 05 Nov 2026 02:48:00 -0300 https://sagire.online/wire/a7ec2144/https://sagire.online/wire/a7ec2144/Thu, 05 Nov 2026 00:22:00 -0300Nearly 164 million Africans are estimated to be facing acute food insecurity, according to the Africa Center for Strategic Studies. Conflict remains the primary driver of acute food insecurity on the continent: roughly 134 million people, or 80% of those falling under this classification in Africa, including all of those in famine, are in countries experiencing conflict. Nigeria, the Democratic Republic of the Congo (DRC), Sudan and Ethiopia account for 60% of the people who are acutely food insecure on the continent.AfricaConflictGlobal healthEconomy https://sagire.online/midterms-democrats-both-houses-veto/https://sagire.online/midterms-democrats-both-houses-veto/Wed, 04 Nov 2026 21:56:00 -0300Voters who rated the economy poor, called the Iran war the wrong decision and saw corruption in government handed Democrats seven Senate seats, the House and the governorships of Texas, Georgia and Ohio. The size of the win can be counted; how much of it becomes law depends on a president who keeps the veto and has said he would fight the war again.United StatesElectionsCongressIranEconomy https://sagire.online/wire/81139e13/https://sagire.online/wire/81139e13/Wed, 04 Nov 2026 20:23:00 -030035 lawmakers submitted impeachment articles against President Santiago Peña in the 80-seat lower house on Wednesday and requested an extraordinary session on Thursday to debate the matter, according to Reuters. The opposition accuses Peña of conflicts of interest, misuse of pension funds and institutional cover-ups in the bank case. Paraguay's central bank intervened in Ueno after finding minimum solvency requirements breached, leaving about 3 million customers in a country of 6.5 million people unable to access their accounts. The opposition still lacks the two-thirds majority needed to advance impeachment but has won backing from dissidents of the ruling Colorado Party.ParaguayPolitical crisisEconomy https://sagire.online/wire/7a40068b/https://sagire.online/wire/7a40068b/Wed, 04 Nov 2026 18:24:00 -0300Elon Musk, the single biggest campaign donor in the election cycle, poured over $440 million into Republican candidates and causes, but his preferred candidates lost races in Texas, where he has put down roots. Shares of Tesla and SpaceX dropped after the Democratic Party swept to power in the US midterm elections.United StatesElectionsEconomy https://sagire.online/wire/823d3c62/https://sagire.online/wire/823d3c62/Wed, 04 Nov 2026 15:23:00 -0300Santiago Peña announced a proposal to reimburse 98% of savers this week and named a new Central Bank of Paraguay (BCP) president after Carlos Carvallo's resignation. Ueno Bank has 2.9 million customers, about 40% of Paraguay's population, processes close to 3 million transactions a day and handles two-thirds of electronic payments at the big retail chains. The central bank decided unanimously to start resolution proceedings against the bank; according to the Public Prosecutor's Office, it faced severe insolvency, with capital below half the required minimum. Peña was a shareholder in Ueno's controlling group until April 2025, and Carvallo ran Financeira Ueno before Peña appointed him to the central bank in 2023; he left the post on Tuesday at the president's request, and Peña canceled his trip to the Ibero-American summit in Madrid because of the crisis.ParaguayEconomy https://sagire.online/wire/7d29cebb/https://sagire.online/wire/7d29cebb/Wed, 04 Nov 2026 14:22:00 -0300Brent fell nearly 8% to $95.41 a barrel, and US West Texas Intermediate dropped 7% to $89.40, after President Donald Trump told the Financial Times on Tuesday that he has no immediate plans to strike Iran. Oil had risen more than 10% in October on fears of a possible escalation and has fallen over three consecutive sessions. The Energy Department said it would lend 300,000 barrels from the Northeast Home Heating Oil Reserve to four companies, nearly a third of the stockpile, and US crude inventories fell 900,000 barrels to 409.8 million in the week ended October 30, 4% below the five-year average.OilUnited StatesEconomyIran https://sagire.online/wire/e94b9a78/https://sagire.online/wire/e94b9a78/Wed, 04 Nov 2026 11:22:00 -0300Wall Street opened higher on Wednesday, with the Nasdaq up 1 percent, the Dow Jones Industrial Average up 1.8 percent and the S&P 500 up 1.1 percent, on the heels of the Democratic sweep in the midterm elections. Brent was down 3.09 percent at $100.40 a barrel, and West Texas Intermediate (WTI) was down 3.13 percent at $93.08. Traders were betting on a US-Iran deal to push crude lower.United StatesOilEconomyIran https://sagire.online/wire/843ab73b/https://sagire.online/wire/843ab73b/Wed, 04 Nov 2026 11:22:00 -0300Export Trading Group (ETG) has filed a $120 million international arbitration claim against the Mozambican government to recover the value of 40,000 tonnes of pigeon peas, maize and rice seized under a ruling by a Nacala judge later dismissed over corruption, in a case opened on October 16, 2024. In a meeting with President Daniel Chapo on October 22, the group proposed a $2 billion fertilizer factory using Mozambican gas. Companhia Industrial da Matola (CIM) challenged on October 12, at the Tribunal Administrativo, the monopoly of the Instituto de Cereais de Moçambique (ICM) over grain imports, accusing Economy Minister Basílio Muhate and the institute of raising, without authorization, the charges paid by importers from $5 to $16 per tonne.MozambiqueTradeEconomy https://sagire.online/wire/054c85d6/https://sagire.online/wire/054c85d6/Wed, 04 Nov 2026 09:23:00 -0300Global stocks recovered on Wednesday from lows hit overnight, while the dollar and oil dipped, after Democrats won control of both the Senate and the House in the US midterm elections. Europe’s STOXX 600 jumped 1.4 percent to two-month highs, MSCI’s All-World index was up 0.3 percent, and US stock futures reversed course to rally around 1 percent, having fallen by as much as 2 percent overnight. AI stocks in Asia initially led the decline in equity markets, and investors expect the Democratic-controlled Congress to apply more scrutiny to the sector. Shares in Elon Musk’s Tesla and SpaceX, which he intends to merge, were down around 4.5 percent to 5 percent in premarket trading, compared with rises of 0.8 percent to nearly 3 percent for other Big Tech stocks. AI and defense stocks slid as clean energy shares rallied after Democrats took control of Congress.United StatesEconomyArtificial intelligenceElections https://sagire.online/wire/e7877725/https://sagire.online/wire/e7877725/Wed, 04 Nov 2026 08:23:00 -0300Total oil and gas output at Nigeria's state company rose to 3.04 million barrels of oil equivalent per day in September, up from 3.01 million the previous month. Revenue came in at 3.4 billion dollars (4.608 trillion naira), in line with the months after March, when the Iran war and the Strait of Hormuz crisis hiked international oil prices. The state company attributed the increase to the restart of the Obodo oilfield in mining license OML 150, and said output remains constrained by equipment failures, subsurface issues, flowline leaks, community protests and storage and export infrastructure constraints.NigeriaOilEconomy https://sagire.online/wire/893aabfb/https://sagire.online/wire/893aabfb/Wed, 04 Nov 2026 06:22:00 -0300Pastef lawmakers, whose party holds 130 of the 165 seats in Senegal’s National Assembly, rejected the 2026 revised budget bill three times. Passing the text is a precondition for the International Monetary Fund (IMF) board’s approval of a US$ 2.2 billion loan. To bring the accounts back into balance, the government proposes cutting 555 billion CFA francs (about US$ 949 million) in investment spending in its new budget. Senegal’s public debt equals 130% of gross domestic product (GDP), according to Les Echos.SenegalEconomyPolitical crisis https://sagire.online/wire/88e5563e/https://sagire.online/wire/88e5563e/Wed, 04 Nov 2026 06:22:00 -0300Euro zone inflation rose to 4.0% in October from 3.8% in September, the highest in three years, according to Eurostat, the European Union (EU) statistics agency, in a Reuters report republished by MarketScreener. Inflation has been climbing quickly above the European Central Bank’s (ECB) 2% target this year because the US war in Iran pushed energy costs higher, feeding through to retail prices for a bloc that imports the vast majority of its energy. The ECB now expects inflation to hold above 4% for much of the first half of 2027 before falling quickly toward the “low twos,” when high year-earlier figures get knocked from the data. The reading, set to rise further in the coming months, firmed up market bets for another ECB rate hike in December.European UnionEconomyEnergy https://sagire.online/wire/4a222bbb/https://sagire.online/wire/4a222bbb/Wed, 04 Nov 2026 03:21:00 -0300Japan Investment Corp (JIC), a Japanese state-backed fund, plans to sell chipmaking materials maker JSR to Mitsui Chemicals in a deal that could exceed 1.3 trillion yen ($8.2 billion), after buying it for some 900 billion yen two years ago, taking advantage of higher chip-firm valuations on the artificial intelligence investment boom, according to two people familiar with the matter who spoke to Reuters, in a text republished by DealStreetAsia. Founded in 1957, JSR is a leading manufacturer of photoresists used to transfer circuit patterns onto semiconductor wafers, and Nikkei Asia notes that the sale would be the biggest deal in the history of Japan’s chemical sector.JapanSemiconductorsTechnologyEconomy https://sagire.online/wire/3aad23f7/https://sagire.online/wire/3aad23f7/Wed, 04 Nov 2026 00:22:00 -0300Asian stocks fell on Wednesday along with the dollar, as Democrats gained in the US midterm elections, gains analysts said could lead to gridlock on Capitol Hill. The Nikkei 225 fell 3.6% to 60,835.36, its lowest level since early May, with SoftBank Group down 8% and Kioxia Holdings down 10.8%. The Kospi fell 3.2% to 5,466.83, with SK Hynix down 3.2% and Samsung Electronics down 1.8%. The dollar fell to 158.06 yen from 158.75 on Tuesday, and the euro rose to US$1.1249. Investors see the Democratic wave bringing tighter regulatory scrutiny, particularly of artificial intelligence companies.JapanSouth KoreaUnited StatesEconomyElections https://sagire.online/wire/cc598509/https://sagire.online/wire/cc598509/Tue, 03 Nov 2026 23:24:00 -0300Moody’s cut Senegal’s foreign-currency debt ratings to “Ca” from “Caa2,” with a stable outlook, in its fifth consecutive downgrade. The new band corresponds to expected losses of 35% to 65% for external private creditors, against 10% to 20% for “Caa2.” Public debt stands at about 97% of GDP after the government disclosed previously unreported liabilities, and Senegal is negotiating a debt restructuring.SenegalEconomy