In 2023, Angola saw its current account surplus dramatically decrease by 64.2% from the previous year, ending at $4.2 billion. This significant shrinkage was mainly due to a steep decline in oil export revenues. From a robust $11.76 billion in 2022, the balance plummeted to $4.21 billion in 2023. The National Bank of Angola (BNA) […]
Related Posts
The Shifting Landscape of Global Security
Today, strategic rivalries, global threats, and local conflicts challenge the United States’ long-held supremacy, marking a shift in worldwide power dynamics. Officials in the US have published a study that notes teamwork among nations such as China, Russia, Iran, and North Korea. They pose varied threats to the current global order. Issues range from growing […]
Mystery in Johannesburg: Xi’s no-show at BRICS forum raises eyebrows
Chinese President Xi Jinping unexpectedly missed a speech at the BRICS Business Forum in South Africa, leading to widespread conjecture. Although Xi arrived in Johannesburg for a state visit and the BRICS summit, which includes Brazil, Russia, India, China, and South Africa, he did not make his scheduled appearance at the forum. Instead, Chinese Commerce […]
U.S.-Cuba Relations: A New Chapter Begins
The Biden administration recently removed Cuba from the list of countries not fully cooperating with U.S. counterterrorism efforts. This marks a significant departure from the previous administration’s stance. In 2021, the Trump administration reaffirmed Cuba’s status as a state sponsor of terrorism, citing ties with Colombia’s ELN guerrillas. The administration also cited Cuba’s refusal to […]