Russia to join opec in cutting oil output

Russian president Vladimir putin have announced that his country is to join the deal of organization of petroleum exporting countries OPEC to cut global oil output by September 28. Opec says it will cut crude oil output by 700,000 barrels per day.

The Russian president says the era of crude oil and gas will not come to an end in the foreseeable future, with this statement crude oil price surged, trading at $52.61 per barrel.
The details of global oil production cut will be shared among producing countries and will be discussed in the next opec meeting in Vietnam by November 30th. Opec have been convincing other oil producing countries like Russia to join the deal.

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President elect appoints nikki haley for UN ambassador

South Carolina governor since 2011 nikki haley has been appointed as the US ambassador to the United nations by Donald trump for the next administration . Nikki has little experience on foreign policy and has the ability of bringing people together no matter the background . Governor nikki is the daughter to two Indian immigrants and South Carolina's first female governor , first female minority governor also first female to be appointed in a top office by trump's administration .

Chinese (RMB) officially joins the SDR

The international monetary fund IMF have officially announced the inclusion of yuan into the special drawing right with effect from October 1st 2016. This means that the RMB can be used by the 189 members of IMF,and members members of IMF can officially borrow and pay back with RMB. The yuan is now the 5th most active currency to be used globally. The RMB was included in the SDR because of the huge global domestic reform it has gone through over the years which have created a global economic impact. The currency will occupy 10.92 % of the basket. One of the interesting features influencing the use of RMB is the export and import from China.

20 suspected persons arrested over wildfire connection in Israel

The Israeli police have arrested some suspected 20 persons who might have connections to the wildfire that took place four days ago . The fire consumed the carmel forest in haifa Israel forcing more than 60,000 people to evacuate their homes for safety .

Stanley c okuidegbe

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