Jan. 6, 2026 /Mpelembe Media/ —The term petrodollar refers to the global system where crude oil is priced and traded exclusively in U.S. dollars. This system has been a cornerstone of American economic and geopolitical power for over 50 years. As of early 2026, the petrodollar system is facing its most significant challenges since its inception, with major shifts in Venezuela and the Middle East reshaping the global energy landscape. Continue reading
Jose Caballero, International Institute for Management Development (IMD)
After over a year of the Ukraine war, efforts at building a global consensus against Russia seem to have stalled, with many countries opting for neutrality.
The number of countries condemning Russia has declined, according to some sources. Botswana has edged towards Russia from its original pro-Ukraine stance, South Africa is moving from neutral to Russia-leaning and Colombia from condemning Russia to a neutral stance. At the same time, a large number of countries have been reluctant to support Ukraine.
The 3rd APEC Women Connect “Her Power” Entrepreneurship Competition came to an end on December 16 with a livestreamed ceremony. Over four months, the competition engaged over 1,000 participants interested in social commerce from countries including the United States, the United Kingdom, France, Australia, Portugal, Spain, Thailand, Vietnam, The Philippines, Italy, Nigeria, Malawi, Venezuela, and China. Continue reading