Somalia has held the undesirable title as the world's most corrupt country for the past ten years, with a score of 10 on the Corruption Perceptions Index 2016, which ranks countries' public sector from zero to 100.
Germany and Italy said that they were evacuating their nationals and other foreigners from South Sudan, after intense fighting killed hundreds of people and forced tens of thousands to flee their homes.
South Sudan's government said on Sunday rebels had seized the capital of a key oil-producing region. Fears grew of an all-out ethnic civil war in the world's newest country that could cut off its 245,000 barrels per day (bpd) oil output.
The UN announced it was trying to rush more peacekeeping forces to landlocked, impoverished South Sudan as foreign powers urged both sides to stop fighting, fearing for the stability of an already fragile region of Africa.
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), plans to restart crude oil production from its fields in South Sudan in next few weeks, company sources said today.
Oil held above USD 125 a barrel on Tuesday, boosted by supply concerns amid tightening Western sanctions on Iran although expectations for an increase in US crude inventories dampened sentiment.
Nifty fell around 1% on Monday, dragged down by falls in lenders such as ICICI Bank as high oil prices are sparking fears of a delay in rate cuts from the RBI, and adding to caution ahead of the government's borrowing calendar due this week.
U.S. lawmakers are considering adding measures that would single out Iran's national oil and shipping companies and restrict its ability to tap into electronic banking services.
The African Union (AU) has admitted South Sudan as its 54th member, marking another recognition for the world's newest nation.
With South Sudan voting for independence from the North, it is set to become the world’s youngest country on July 9. Here are some of the most recent additions to the world map.