South Africa

[Baljit]

[Baljit]

[PRITAM DASS SHARMA]

South Korea: Africa's New BFF


They're being bullish in China's shop. Though the People's Republic has been trumpeted as sub-Saharan Africa's best investment partner, Korea's catching up, with bilateral trade increasing fourfold to $22.2 billion between 2000 and 2011. And Korea has an advantage: It, too, was once considered an underdog developing country, receiving aid until just twenty years ago, and now it's soaring with the high-income elite. While some believe its willingness to work with quasi-authoritarian regimes could cause trouble down the line, South Korea's betting on Africa's future prosperity - and loyalty.

[PRITAM DASS SHARMA]

We feel hurt when we are abused by our own brown brothers, say African students

[PRITAM DASS SHARMA]

Saudi Arabia Slashes Oil Prices as Iran Ramps Up Production

They're drilling down on the competition. Iran's trying to make up for lost time in the oil export game, and is now shipping 400,000 barrels a day to Europe. That's about half of Saudi Arabia's daily total, but it's enough that the kingdom, also jockeying with Iran for political power and influence in the Middle East, is playing hardball, slashing European prices by 10 to 35 cents a barrel. Meanwhile, it upped prices by 10 cents in the U.S. - where Iran's not yet allowed to sell.

[Amandeep]

[PRITAM DASS SHARMA]

[Baljit]

[Amandeep]

[Baljit]