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Elliot Smith

Copenhagen, Denmark
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About Elliot
I'm a British journalist with eight years' domestic and international experience covering geopolitics, economics and sport. 

I will soon be relocating to Copenhagen after five years as a Correspondent for CNBC in London, and will be available to produce written news and features for English-language media, along with visual and audio commentary.

During my time at CNBC, my coverage ranged from a series of coups and growing Russian diplomatic influence in sub-Saharan Africa to the UK's cost-of-living crisis, from the collapse of Credit Suisse to live coverage of the war in Ukraine.

I have extensive experience covering central banks, corporate earnings reports and other breaking business/financial news.

My rate is negotiable, and I will be available for commissions from April 12, 2024.

Though based in Copenhagen, I am willing to travel for up to three months at a time for special projects.
Languages
English
Services
Interview (Video / Broadcast) Vox Pop News Gathering
+7
Skills
Business Finance Politics
+7
Portfolio

U.S. stocks have 'limited upside' from here, says Goldman Sachs Asset Management

27 Mar 2024  |  cnbc.com
Goldman Sachs Asset Management (GSAM) suggests that U.S. stocks have limited upside potential due to the current macroeconomic environment, despite the U.S. economy's resilience against the Federal Reserve's monetary policy tightening. GSAM's James Ashley anticipates that if a recession were to occur, it would likely be in 2024 rather than 2023. The Fed's steady interest rates and the possibility of a rate cut in June are seen as factors that have been priced into the market, leading GSAM to believe that the recent bull run may be nearing its end. GSAM views India as a promising long-term growth market, with potential for significant returns despite high current valuations. In contrast, Japan's recent shift away from negative interest rates and unconventional easing tools is seen as a positive change, providing Japanese firms with more pricing power and making Japan an attractive market for both short-term and long-term investment.

Video explainer on location in Newcastle, detailing Saudi Arabia's massive investment in sport and the role it plays in reshaping the Kingdom's economy.

Trump is a 'transactional president' but may not rock the boat on China, Standard Chartered CEO says

16 Jan 2024  |  cnbc.com
Standard Chartered CEO Bill Winters commented at the World Economic Forum in Davos on the potential return of Donald Trump as a 'transactional president' who is unlikely to disrupt the Biden administration's efforts to rebuild relations with China. Trump is currently the favorite to secure the Republican nomination for the 2024 presidential election despite facing multiple felony counts. Winters emphasized the economic interlinkage between Washington and Beijing and expressed optimism that the relationship would remain stable, highlighting the importance of such stability for the U.S., Chinese, and global economies. He also remains optimistic about the Chinese economy's medium- to long-term prospects.

South Africa's genocide case against Israel has ‘global support,' finance minister says

15 Jan 2024  |  nbcnewyork.com
South Africa has accused Israel of committing genocide against Palestinians in Gaza, a case that has garnered global support according to South Africa's Finance Minister Enoch Godongwana. The International Court of Justice in the Hague hosted a two-day hearing where South African lawyers presented their arguments. Israel, denying the accusations, asserts its right to self-defense, especially in response to the Oct. 7 Hamas attacks. The case has received backing from several countries and the Organization of Islamic Cooperation, but has been criticized by Israel's allies, including the U.S. and the U.K. The Genocide Convention is the basis for South Africa's case, which could take years to conclude. In the interim, South Africa seeks provisional measures from the court to halt Israeli military operations in Gaza.

Veteran investor David Roche says the market is getting it wrong on Taiwan's election result

15 Jan 2024  |  nbcconnecticut.com
David Roche, a veteran investor, argues that the market has underestimated the implications of Taiwan's election results, which saw Lai Ching-te of the Democratic Progressive Party elected president. The election indicates a rejection of reunification with China, setting Taiwan on a collision course with Beijing. China has dismissed the election outcome and criticized international congratulations to Lai. Roche believes that Chinese President Xi Jinping prioritizes politics over economics, contrary to market beliefs. Meanwhile, Citi analysts suggest that Lai will seek to maintain the status quo in cross-strait relations. The election also revealed voter disillusionment with major parties and a shift in priorities towards economic dynamism and affordable housing.

Ark Invest president says bitcoin is now a ‘public good' that all investors should have access to

11 Jan 2024  |  www.nbcphiladelphia.com
The U.S. Securities and Exchange Commission approved the creation of bitcoin ETFs, with Ark Invest launching its first bitcoin ETF in partnership with 21Shares. Ark Invest President Tom Staudt views bitcoin as a 'public good' and the ETF aims to lower barriers to cryptocurrency investment. The ARK 21Shares Bitcoin ETF, along with others, will waive fees initially, offering a low-cost entry point. Tom Lee of Fundstrat Global Advisors predicts bitcoin could reach $150,000 within a year and $500,000 in five years, citing its low correlation with other asset classes and potential for diversification and upside in investment portfolios.

Post Office scandal: TV show reignites anger over ‘most widespread miscarriage of justice' in UK history

11 Jan 2024  |  nbclosangeles.com
The Post Office scandal in the UK, where faulty Horizon software by Fujitsu led to false charges against 736 sub-postmasters, has been reignited by the ITV docu-drama 'Mr Bates vs The Post Office'. The software inaccuracies resulted in wrongful jail sentences, financial ruin, and even suicides from 1999 to 2015. Despite a High Court ruling in 2019 acknowledging the software's fault, only 93 convictions have been overturned. Prime Minister Rishi Sunak has pledged new legislation for swift exoneration and compensation. The public inquiry into the scandal is ongoing, with the government considering pursuing Fujitsu for compensation.

Investors are cautiously optimistic on Europe in 2024. Here's what to look out for

10 Jan 2024  |  nbcdfw.com
Despite economic challenges in the euro zone, the Stoxx 600 index ended the year positively, fueled by expectations of relaxed monetary policy in 2024. Economists anticipate a transitional year for the European economy as inflation and interest rates are projected to decline. The U.S. Federal Reserve and the European Central Bank are expected to cut interest rates, with Goldman Sachs predicting a rate cut as early as April. Deutsche Bank foresees a return to economic growth in the second half of 2024. Factors such as monetary transmission, the labor market, and competitiveness are identified as influential for the economy's path. Barclays suggests that markets may benefit from a 'soft landing' and recommends a positive view on Value and Small Cap stocks.

Boeing shares tumble after panel blows out midflight, FAA grounds dozens of 737 Maxes

08 Jan 2024  |  www.nbcconnecticut.com
Boeing's shares fell 8% after the FAA grounded dozens of 737 Max 9 planes due to a door plug blowing out midair on an Alaska Airlines flight. The grounding and incident add to Boeing's challenges, including past crashes, supply chain issues, and quality defects. The FAA's emergency directive affects around 171 planes, with United and Alaska Airlines being the largest operators. Boeing's rival Airbus saw shares increase as investors anticipate market share gains. Analysts and investors are concerned about Boeing's quality control and the impact on its business.

Boeing shares tumble after panel blows out midflight, FAA grounds dozens of 737 Maxes

08 Jan 2024  |  www.nbcdfw.com
Boeing's shares fell 8% after the FAA grounded dozens of 737 Max 9 planes due to a door plug blowing out midair on an Alaska Airlines flight. The grounding and subsequent scrutiny come as Boeing attempts to increase Max production and recover from past crises. The FAA's emergency directive affects around 171 planes, with United and Alaska Airlines being the largest operators. Boeing's stock partially recovered after inspection instructions were issued. Spirit AeroSystems' shares dropped 11%, while United's rose over 2%. Airbus shares increased by 2.5% as investors anticipated it might capture market share from Boeing.

Fat Cat Thursday: UK CEO pay already exceeds average worker salary for the year

04 Jan 2024  |  nbcconnecticut.com
In the UK, the median pay for FTSE 100 CEOs, excluding pensions, is 109 times greater than that of the median full-time worker, highlighting significant income inequality. The High Pay Centre's analysis shows CEOs' pay has increased by 9.5% since March 2023, while workers' pay rose by 6%. The Trades Union Congress and Unite criticize the Conservative government and call for fairer compensation, while business leaders argue for competitive pay to attract talent. The U.K. faces a cost-of-living crisis and a high tax burden, with unions demanding better pay for workers.

Stock and bond markets will see a ‘year for non-consensus' in 2024, technical strategist says

02 Jan 2024  |  NBC 7 San Diego
Market strategist Ron William of RW Advisory predicts a 'year for non-consensus' in 2024 for stock and bond markets, citing a 'behavioral inflection point' following a dovish pivot by the Federal Reserve. Despite market expectations of multiple rate cuts, William believes bond yields will exceed 5% over the long term due to a 'structural higher for longer trend with rolling waves of volatility.' He notes the S&P 500's strong performance in 2023, driven by sectors like information technology, but warns of 'extreme overbought conditions' and potential fragility in the market. William also forecasts that geopolitical tensions will drive safe haven flows, with gold prices potentially breaking out above $2,700 per ounce by year's end.

Stock and bond markets will see a ‘year for non-consensus' in 2024, technical strategist says

02 Jan 2024  |  nbcconnecticut.com
Ron William, market strategist and founder of RW Advisory, predicts a challenging year for stocks and a rise in the U.S. 10-year Treasury yield above 5% in 2024, which he calls a 'year for non-consensus.' Despite market expectations of multiple rate cuts by the Federal Reserve, William foresees a 'structural higher for longer trend with rolling waves of volatility.' He highlights the market's dependence on growth numbers and warns of fragility due to 'extreme overbought conditions' and speculative investment in lower quality stocks. Gold is expected to continue its strong performance amid geopolitical tensions, potentially breaking out above $2,700 per ounce by year-end.

Stock and bond markets will see a ‘year for non-consensus' in 2024, technical strategist says

02 Jan 2024  |  nbclosangeles.com
Ron William, market strategist and founder of RW Advisory, predicts a 'year for non-consensus' in 2024 for stock and bond markets, with the U.S. 10-year Treasury yield potentially jumping back above 5%. Despite market expectations of multiple rate cuts by the Federal Reserve, William foresees a long-term trend of higher bond yields and rolling volatility. He also notes the market's dependence on growth numbers and the potential for economic sensitive stocks to feel pressure. Gold is expected to continue its strong performance amid geopolitical tensions, potentially breaking out above the $2,700 mark by year-end.

Stock and bond markets will see a ‘year for non-consensus' in 2024, technical strategist says

02 Jan 2024  |  NECN
Ron William, market strategist and founder of RW Advisory, predicts a 'year for non-consensus' in 2024 for stock and bond markets, with the U.S. 10-year Treasury yield potentially exceeding 5%. Despite market expectations of Federal Reserve rate cuts, William foresees a 'structural higher for longer trend with rolling waves of volatility.' The S&P 500's rally in 2023 was driven by sectors like information technology, but William warns of 'extreme overbought conditions' and a 'dash for trash' in speculative investments. He also anticipates continued safe haven flows into gold, projecting a breakout above $2,700 per ounce by year-end amid deepening geopolitical tensions.

Stock and bond markets will see a 'year for non-consensus' in 2024, technical strategist says

02 Jan 2024  |  CNBC
Technical strategist Ron William predicts a challenging year for stocks and a rise in the U.S. 10-year Treasury yield above 5% in 2024, a 'year for non-consensus.' The S&P 500's previous rally was driven by sectors like information technology, communication services, and consumer discretionary. The Federal Reserve's dovish pivot has led to market expectations of interest rate cuts, but William warns of overbought conditions and potential late-cycle growth disappointments. He also forecasts gold to surpass $2,700 per ounce amid deepening geopolitical tensions.

Tesla hires Nordic public policy expert amid union standoff

29 Nov 2023  |  CNBC
Tesla is embroiled in a labor dispute in the Nordic region, particularly with Swedish trade union IF Metall, over its refusal to sign collective bargaining agreements. The conflict has escalated with solidarity strikes by various unions across Sweden and neighboring countries. Tesla is seeking a public policy expert in the Nordics to navigate the political and regulatory landscape. Elon Musk, Tesla's CEO, has been critical of the union actions. The standoff has caught the attention of investors and analysts, with some pension funds divesting from Tesla. Dan Ives of Wedbush Securities views the situation as a potential precursor to broader union challenges for Tesla, especially with the UAW's recent campaigns in the U.S. The outcome of the dispute remains uncertain, with potential implications for Tesla's operations in Europe and its stance on unionization.

OBR's Latest Forecasts Show Tougher Times Ahead for UK Economy

23 Nov 2023  |  CNBC
The Office for Budget Responsibility (OBR) has revised its economic forecasts, presenting a gloomier outlook than earlier in the year. Inflation is now expected to fall to 2.8% by the end of 2024, higher than the previous estimate of 0.9%, and not reaching the Bank of England's target until 2025. This suggests that interest rates may remain elevated for an extended period. Growth projections for the UK have also been downgraded to 0.6% for this year and 0.7% for the next, a significant decrease from the 1.8% and 2.5% forecasted in March. Lindsay James from Quilter Investors comments that the UK will struggle to recover from these periods of lost growth and questions the effectiveness of the government's strategies for stimulating the economy. With an upcoming election and the Conservatives lagging in polls, James views the Autumn Statement as politically motivated, prioritizing short-term gains over long-term financial stability.

Motorsport icon Marc Marquez shares the biggest lesson and toughest decision of his career

10 Nov 2023  |  CNBC
Marc Márquez, a MotoGP legend, has announced his departure from Repsol Honda, a team with which he won six world titles. He will be joining Gresini Ducati next season. Márquez's decision comes after a period of injuries and performance decline of the Honda bike, especially compared to the dominant Ducati. Despite his struggles, Márquez is determined to end his tenure with Honda on a high note and acknowledges the challenge of adapting to a new team and bike. He also reflects on the importance of respecting one's body and recovery times, having learned from his own experiences with injuries throughout his career.

South Africa's genocide case against Israel has ‘global support,' finance minister says

23 Oct 2023  |  www.nbcphiladelphia.com
South Africa's legal case accusing Israel of committing genocide against Palestinians in Gaza has garnered global support, according to Finance Minister Enoch Godongwana. The case, presented at the International Court of Justice, alleges that Israel's actions in Gaza constitute genocide. Israel denies the accusations, asserting its right to self-defense following attacks by Hamas. The case has received backing from several countries and the Organization of Islamic Cooperation, while facing criticism from Israel's allies, including the U.S. and the U.K. The court is currently considering provisional measures to potentially halt Israel's military operations in Gaza.

Labour's Economic Strategy Echoes Bidenomics, But With a British Twist

11 Oct 2023  |  CNBC
The U.K.'s Labour Party, led by Keir Starmer, has outlined its economic strategy ahead of the next general election, drawing comparisons to U.S. President Joe Biden's economic policies. Starmer emphasized investment in clean energy, promising job creation and economic growth while meeting climate goals. Shadow Chancellor Rachel Reeves introduced 'securonomics,' a plan to stimulate growth from the bottom up, involving a national wealth fund to encourage private investment in emerging technologies and infrastructure. The Labour Party's approach, inspired by Biden's Inflation Reduction Act, aims to leverage private investment but differs in financing methods, as the U.K. cannot engage in debt-financed subsidies like the U.S. due to the lack of a global reserve currency. Senior economist Kallum Pickering highlighted the differences between the U.S. and U.K. economic contexts, noting the U.K.'s need for fiscal discipline and the inability to replicate 'Bidenomics' due to borrowing constraints.

U.S. slams ‘meritless' Israel genocide suit, reigniting tensions with South Africa

10 Oct 2023  |  www.nbcbayarea.com
The International Court of Justice is set to hear a case brought by South Africa accusing Israel of genocide against Palestinians in Gaza, a move criticized by the U.S. as 'meritless.' This lawsuit exacerbates existing diplomatic tensions between the U.S. and South Africa, which have been strained over issues like South Africa's perceived closeness to Russia and China. The article highlights the historical and political context of South Africa's stance, including its solidarity with Palestine rooted in anti-apartheid ideology. The upcoming South African elections and potential coalition formations could be influenced by these international relations.

Stock and bond markets will see a ‘year for non-consensus' in 2024, technical strategist says

10 Oct 2023  |  www.nbcchicago.com
Ron William, market strategist and founder of RW Advisory, predicts a challenging year for stocks and bonds in 2024, despite the market's anticipation of multiple rate cuts from the Federal Reserve. He foresees bond yields returning to and exceeding 5% as part of a long-term trend of higher volatility. The S&P 500's recent rally, driven by a few key sectors, may face pressure due to overbought conditions and speculative investments. William also highlights the potential for non-consensus market moves and continued safe haven flows into gold amid geopolitical tensions.

Stock and bond markets will see a ‘year for non-consensus' in 2024, technical strategist says

10 Oct 2023  |  www.nbcbayarea.com
Ron William, market strategist and founder of RW Advisory, predicts a challenging year for stocks and a return of bond yields to above 5% in 2024, despite market expectations of multiple rate cuts from the Federal Reserve. He highlights a 'behavioral inflection point' in the market, driven by momentum, sentiment, and sector rotation fragility. The S&P 500's recent rally was fueled by a few sectors, but William warns of potential risks due to extreme overbought conditions and speculative investments. He also foresees continued safe haven flows into gold amid deepening geopolitical tensions, with the precious metal potentially breaking above $2,700 by the end of the year.

Protester disrupts Keir Starmer's speech at Labour Party Conference

10 Oct 2023  |  CNBC
During the Labour Party Conference in Liverpool, a protester disrupted Keir Starmer's keynote speech by throwing glitter at him. Despite the interruption, Starmer continued his speech, emphasizing a shift from protest to power within the Labour Party. He promised a 'decade of national renewal' and spoke of the party's transformation since the 2019 election defeat. Starmer outlined plans for economic growth, including building 1.5 million new homes, accelerating the National Grid, and creating jobs through new infrastructure projects. He announced the creation of a new national energy company, Great British Energy, to be based in Scotland, and the establishment of technical excellence colleges across the country.

Ark Invest president says bitcoin is now a ‘public good' that all investors should have access to

04 Oct 2023  |  www.nbcchicago.com
The U.S. Securities and Exchange Commission has approved rule changes allowing the creation of bitcoin ETFs in the U.S., leading to the launch of several new ETFs, including one from Ark Invest and 21Shares. Ark Invest President Tom Staudt views bitcoin as a 'public good' and aims to make it accessible to all investors. The new ETF will have a low fee and waive fees for the first six months. Staudt highlights the potential of bitcoin as a diversified asset class with lower correlation to other assets, offering significant upside potential. Analysts are optimistic about bitcoin's future, with predictions of substantial price increases.

Ark Invest president says bitcoin is now a ‘public good' that all investors should have access to

04 Oct 2023  |  www.nbcconnecticut.com
The U.S. Securities and Exchange Commission has approved rule changes allowing the creation of Bitcoin ETFs in the U.S., leading to the launch of Ark Invest's first Bitcoin ETF in partnership with 21Shares. Ark Invest President Tom Staudt views Bitcoin as a 'public good' and aims to make it accessible to all investors by removing barriers such as custody and regulatory concerns. The new ETF will have a low fee of 0.21% and will waive fees for the first six months. Analysts are optimistic about Bitcoin's potential for significant gains, with some predicting it could reach $150,000 in the next year. The ETF is seen as a way to diversify portfolios with a new asset class that has lower correlation to traditional assets.

Coup supporters take to the streets carrying Nigerien and Russian flags after the army seized power in Niger

30 Jul 2023  |  CNBC
In Niger, a military junta named the National Council for the Safeguarding of the Fatherland has overthrown President Mohamed Bazoum, citing national security and corruption. The coup was led by General Abdourahmane Tchiani. Following the coup, West African leaders have threatened military action, and protests have erupted with demonstrators carrying Russian flags and targeting the French embassy. The U.S. and France condemned the coup, while Bazoum has been in contact with international leaders, including Chad's President Mahamat Idriss Déby Itno. The Kremlin called for restraint, and Yevgeny Prigozhin of the Wagner Group, a private military organization with interests in Africa, reportedly expressed support for the coup in a recording.

Twitter laid off most of its workers in Africa last year. They say they've been ignored and left without severance

16 Jun 2023  |  CNBC
Elon Musk, CEO of SpaceX and Tesla and owner of Twitter, is involved in a controversy regarding former Twitter employees in Ghana who were laid off without severance pay. Despite Musk's public statement that all laid-off employees were offered three months of severance, which is more than legally required, the Ghanaian employees claim they have not received any communication or severance from Twitter for three months. Under Ghanaian law, employees are entitled to redundancy pay and a three-month notice period, but Twitter's staff in Accra were given less than a month's notice. The employees' attempts to negotiate severance were initially rejected, and only after international media coverage and approaching the Labour Office in Ghana did Twitter attempt to negotiate, according to the sources.

How UBS became Switzerland's mega bank

02 Jun 2023  |  CNBC
UBS Group AG is the largest bank in Switzerland, boasting over $5 trillion in invested assets. The bank has a significant international presence, with a notable portion of its wealth management assets coming from U.S. clients, who are likely attracted by Switzerland's stringent bank-client confidentiality laws. In recent years, UBS, as well as Credit Suisse, which UBS has recently acquired, have been involved in various scandals. Despite these issues, the merger between UBS and Credit Suisse was rapidly approved by regulators. However, this has led to concerns about potential new litigation risks associated with the combined entity.

Escalating conflict in Sudan threatens regional stability

24 Apr 2023  |  CNBC
The article discusses the escalating conflict in Sudan between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF), which has resulted in a humanitarian crisis. A U.S.-brokered 72-hour cease-fire has been implemented to allow civilians to evacuate. The conflict stems from a power struggle between SAF, led by President Gen. Abdel-Fattah Burhan, and RSF, led by Gen. Mohammed Hamdan Dagalo. The United Nations has warned of the potential for regional conflagration. The involvement of international actors, such as the Wagner Group and various Gulf nations, complicates the situation. The article also touches on the strategic importance of Sudan due to its location and resources, and the potential impact on oil infrastructure and international relations if the conflict continues.

White House says U.S. Ukraine assistance has ‘ground to a halt'; UK announces increased drone funding

10 Mar 2023  |  www.nbcphiladelphia.com
U.S. military assistance to Ukraine has stalled due to Congress not authorizing requested emergency spending. National Security Council Spokesperson John Kirby emphasized the critical need for more funding. Ukrainian President Zelenskyy, rejecting a ceasefire with Russia, met with Baltic leaders to discuss military aid and EU and NATO membership aspirations. Ukraine's ground forces commander called for more military aircraft, specifically U.S. A-10 attack jets. The U.K. signed a security agreement with Ukraine, pledging £2.5 billion in defense support, including drones. Russia's Dmitry Medvedev warned that UK troop deployment in Ukraine would be a war declaration. The Russian Foreign Ministry criticized U.S. plans to confiscate Russian assets as piracy. Estonia and Lithuania pledged more aid to Ukraine, with Lithuania agreeing to joint defense production.

Trump is a ‘transactional president' but may not rock the boat on China, Standard Chartered CEO says

24 Jan 2023  |  NBC Bay Area
Former U.S. President Donald Trump, who won the Iowa caucus and is favored to secure the Republican nomination for the 2024 presidential election, is seen as unlikely to disrupt the Biden administration's efforts to rebuild relations with China, according to Standard Chartered CEO Bill Winters. Trump's previous term was marked by a trade war with China, but Winters suggests that the economic interlinkage between the U.S. and China makes a severe disentanglement unlikely. The Biden administration has made moves to stabilize relations, with visits from U.S. officials and a meeting between Biden and Chinese President Xi Jinping. Winters remains optimistic that the worst can be avoided despite potential unintended consequences or accidents.

Russia, South Africa and a 'redesigned global order': The Kremlin's hearts and minds machine is steaming ahead

23 Jan 2023  |  CNBC
Russian Foreign Minister Sergey Lavrov's visit to South Africa underscores the strengthening of bilateral ties between Russia and South Africa, with plans for a joint military exercise. Despite initial criticism of Russia's actions in Ukraine, South Africa has shifted its stance, abstaining from a U.N. vote condemning Russia and emphasizing cooperation within the BRICS bloc. South Africa's Foreign Minister Naledi Pandor highlighted the importance of BRICS in the global order and dismissed Western concerns over the upcoming joint naval exercise with Russia and China. Analysts suggest that Russia's anti-imperialist narrative resonates with African nations due to historical Western oppression. The article also notes the increased diplomatic activity in Africa by various global powers, indicating the continent's growing strategic importance.

Europe stocks close lower as global sentiment falters; euro zone inflation rebounds

06 Jan 2023  |  nbcconnecticut.com
European markets closed lower on Friday, with the Stoxx 600 falling 0.3% amid reactions to euro zone inflation data and the U.S. jobs report. Euro zone inflation rose to 2.9% in December, slightly below expectations. In the U.S., 216,000 jobs were added in December, surpassing estimates. Investors are considering the implications for future interest rate cuts. Remy Cointreau's shares fell 12% after China announced an anti-dumping probe into the spirits industry. U.K. house prices rose in 2023, contrary to predictions of a decline. Oil prices dropped due to a large U.S. fuel inventory buildup, despite Middle East tensions.

African Nations' Divergent Responses to the Ukraine Crisis

06 Feb 2022  |  CNBC
The article discusses the varied responses of African nations to Russia's invasion of Ukraine, highlighting the continent's strategic military ties with Moscow. While some African leaders and officials, such as Kenya's UN Envoy Martin Kimani and Ghana's representative Harold Agyeman, have openly criticized Russia's actions, others have abstained from condemning due to their military alliances with Russia. The article notes that countries like Libya, Mali, Sudan, the Central African Republic, and Mozambique have built military relationships with Russia, which influences their stance on the conflict. A UN resolution condemning Russia's aggression saw a significant number of African nations abstaining. The article also touches on the South African government's cautious approach to the situation, balancing between its political affinity for Russia and the need to uphold international law.
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