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The 2025 annual OPEC basket price stood at 71.65 U.S. dollars per barrel as of August. This would be lower than the 2024 average, which amounted to 79.86 U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq.
The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima.
The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.
Paul Biya, President of Cameroon, is the oldest head of state worldwide with 92 years. Biya has been president of Cameroon since 1982 and was the country's prime minister six years before that, making him the longest ruling non-royal authoritarian leader still in power as of October 2025. The president of Palestine, Mahmoud Abbas, is the second-oldest state leader in the world, with almost 90 years. Conversely, the youngest state leader in the world is Kristrún Frostadóttir of Iceland, aged 37.
As of October 2025, role-playing title Baldur's Gate 3 was the most critically acclaimed video game for the Xbox X/S console, based on an aggregate Metascore of 99 points. Elden Ring and its expansion, The Shadow of the Erdtree, ranked second and third, respectively.
Not all top Xbox Series X/S games are platform exclusives though: Baldur's Gate 3 is available on PS5 and PC as well, and second-ranked Elden Ring is also the most critically acclaimed gaming title on PlayStation.
By the last business day of May 2025, there were about 7.77 million job openings in the United States. This is an increase from the previous month, when there were 7.44 million job openings. The data are seasonally adjusted. Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends.
In 2024, there were a total of 285 cases of measles in the United States. Around 89 percent of these cases were among those who were unvaccinated or whose vaccination status was unknown. From January 1 to September 30, 2025, there were 1,544 cases of measles, with those who were unvaccinated or with an unknown vaccination status accounting for 92 percent of these cases. Measles is a highly contagious disease that can be especially dangerous for young children. Vaccines against measles resulted in a significant decrease in cases in the United States over the last few decades; however, increasing vaccine hesitancy and skepticism have been blamed for recent outbreaks.
Mukesh Ambani was the richest person in India with a wealth amounting to over 9.5 trillion Indian rupees. Gautam Adani slipped to the second position with wealth worth over 8.15 trillion Indian rupees.
It’s a man’s world
Gender pay gap is a global issue, so it comes as no surprise that only one woman featured on the ten richest Indians list. Considering the renewed sense of the empowerment of women within the country, the business and economic sectors have witnessed a growing trend in female leadership.
Gender gap in economic participation
According to the World Economic Forum’s report on global gender pay gap, the gap in economic participation and opportunity was closed by 63 percent across all countries. Although the richest men and women may not be directly affected by these indexes, it still speaks for the scarcity of rich women in the world.
With a brand value of over 89.4 billion U.S. dollars, Samsung was the most valuable South Korean brand in 2025, greatly surpassing Hyundai, SK Hynix, as well as LG Electronics.
With its headquarters in the northwestern South Korean city of Suwon, Samsung is a world leader in the manufacturing of consumer electronics and semiconductors. Globally, Samsung produces more smartphones and mobile phones than any other brand, and has a strong presence in the tablet, television and computer components markets.
The evolution of Samsung
In its early days, Samsung was recognized for producing cheap consumer electronic alternatives. Customer perceptions have changed over the years, largely due to Samsung’s successful branding and advertising strategy adopted in the 90s. Today, innovation and creativity are both values which Samsung seeks to encapsulate through its products. Accordingly, Samsung smartphone owners are loyal, with a majority of global Samsung consumers opting for their next purchase to be a Samsung mobile rather than an Apple iPhone.
Samsung in numbers
Samsung has come a long way from its early establishment in South Korea to its current position as a globally recognized multinational conglomerate. It achieved a global revenue of close to 259 billion U.S. dollars in 2024.
The largest department in terms of employment at Samsung’s headquarters was the ‘Device Solutions’ division. This department is responsible for ensuring the ‘inner workings’ of Samsung’s electronic devices are optimized in terms of performance and reliability.
Most product development is not based in South Korea itself. In 2024, Samsung had registered more patents in the United States compared to in South Korea during that year. Consequently, global research and development spending at Samsung Electronics reached an all time high in 2024 - a trend that looks likely to continue in coming years.
Inflation is characterized by a steady rise in the aggregate level of prices in an economy - put into simpler words, it is the rise in all prices in the economy, rather than just in specific prices for goods or services (such as when there is a shortage in a particular good). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the index's current level of inflation. In August 2025, the inflation rate in Türkiye (previously known as Turkey) was 33 percent compared to the same month of the previous year, making it one of the countries in the world with the highest inflation rate.
As of 2025, the number of registered clinical studies related to cannabis in Latin America amounted to 40 trials. By country, Brazil topped the list, recording 18 clinical studies involving cannabis. Mexico ranked second, with eight medical studies. Chile followed with seven registered clinical studies on cannabis in the region as of that date. In 2021, the Caribbean stood as the sub-region with the highest prevalence of cannabis use in Latin America.
The number of mobile cellular subscriptions per 100 inhabitants in Australia has grown steadily since 2000, reaching from roughly 45 to over 100 by 2007. As from 2018, the number stabilized between 100 and 110, closing at approximately 112 mobile subscriptions registered for every 100 people in the country in 2024.
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