Africa Cup of Nations Needs Action on Field to Provide Good News

A man and a child walk past another man finishing a mural of Mohamed Salah in Cairo. Photograph: Khaled Desouki/AFP/Getty Images
A man and a child walk past another man finishing a mural of Mohamed Salah in Cairo. Photograph: Khaled Desouki/AFP/Getty Images
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Africa Cup of Nations Needs Action on Field to Provide Good News

A man and a child walk past another man finishing a mural of Mohamed Salah in Cairo. Photograph: Khaled Desouki/AFP/Getty Images
A man and a child walk past another man finishing a mural of Mohamed Salah in Cairo. Photograph: Khaled Desouki/AFP/Getty Images

The blue and orange seats of Cairo International Stadium make an attractive spectacle and the playing surface, at least when set against the ferocious heat, looks verdant. Every tournament eve brings its flutter of anticipation; that moment when reservations take a back seat and the simple joy of a month’s football takes root. It applies to the Africa Cup of Nations as much as any other major event: one glance at the list of names involved suggests that, if everybody is close to their best, a competition that looks impossible to call will be genuinely thrilling.

When Egypt are roared on to the pitch for Friday’s opener against Zimbabwe, the organizers’ sense of escapism may be even more profound. A Cup of Nations that will have few serious rivals in the global calendar for casual fans’ attention during its latter stages presents an open goal for reviving a profile that has flagged in recent years, but the buildup could hardly have been more chaotic. The Confederation of African Football is effectively on life support and, where the broader health of the continent’s football is concerned, four weeks of sparkling action may do little more than distract from the deeper clean required elsewhere.

“I am a citizen of the islands; we, the people of our islands, know how to hold on in the middle of storms,” the Caf president, Ahmad Ahmad, who is Madagascan, said on Thursday. Even if he is equipped to do that, the questions over his suitability for other facets of the job are inescapable.

This week Fifa tasked Fatma Samoura, its secretary general, with conducting a “full forensic audit” of Caf for six months from 1 August after concerns concerning its governance. Ahmad said he asked Samoura to help, confirming the sentiment of a joint Fifa-Caf statement released the same day.

Aleksander Ceferin, the Uefa president, has refused to endorse Samoura’s clean-up role, citing a potential conflict of interest, but there is little doubt that her to-do list looks intimidatingly long.

On 6 June, Ahmad was arrested in Paris as part of an investigation into corruption, breach of trust and forgery. He was released without charge the following day and the French-led investigation into an alleged breach of a contract with Puma continues. Fifa’s ethics commission is also investigating Ahmad over allegations of financial mismanagement and sexual harassment. He has strongly denied any wrongdoing.

However those situations play out, a major review appears long overdue. Nobody would have envied Ahmad’s brief in following the scandal-ridden reign of Issa Hayatou on his appointment in 2017, but the fortunes of his organization have plumbed uncharted depths since then.

It all leaves Caf in urgent need of some good news, particularly when its most recent gala event – the second leg of last month’s Champions League final between Wydad Casablanca and Espérance Sportive de Tunis – ended in farce owing to a row over VAR failure and will controversially be replayed at a neutral venue this summer.

At first glance good news looks thin on the ground: privately, senior officials have not been shy to request forbearance as the Cup of Nations finds its feet, with venues still being prepared and many journalists still to receive their accreditation to cover the event, pointing out that organizing a 24-team tournament at five months’ notice is nobody’s idea of fun.

That was the task Caf set itself in January when granting Egypt the event, newly expanded from 16 teams, after Cameroon was stripped of hosting rights. The hard work of those on the ground should not be underestimated and Cairo, where the major highways are festooned with banners and billboards promoting the spectacle, has readily embraced its opportunity.

The hope is that Africa’s most talented footballers will do that too. They are all here and it means the tournament has a fighting chance of being remembered positively. The Liverpool forwards Mohamed Salah and Sadio Mané, unquestionably two of the best in the world, are expected to take Egypt and Senegal all the way; they are the favorites but Morocco, conducted by Hakim Ziyech and coached by the two-times winner Hervé Renard, cannot be discounted and Riyad Mahrez should help ensure Algeria stay in contention.

Nigeria are back after a six-year absence while a new Ivory Coast generation, fired by the brilliant Lille winger Nicolas Pépé, may fare significantly better than the odds suggest. Cameroon, surprise winners in 2017, will be hard pressed to repeat the feat, but retain allure under the management of Clarence Seedorf.

Then there are the minnows. If the bloated format risks making the group stage a chore — particularly in temperatures that will do little for intense football and have raised serious concerns over players’ health — it will aid familiarisation with some new names. Burundi, Madagascar, and Mauritania are new to the Cup of Nations; all are here on merit and came this far by playing progressive, enterprising football.

If Africa’s flop at the World Cup suggested its top teams have stagnated, standards lower down have shot up and created an environment that should be tight and competitive.

If that proves the case, those reflexes of early excitement may continue until the final on 19 July. Gianni Infantino will be watching from those colorful stands when the tournament kicks off; he would be excused the demeanor of a concerned parent but African football may yet seize its chance to take the spotlight for the right reasons.

(The Guardian)



Copper Crawls Higher on Softer Dollar and Supply Issues

FILE PHOTO: A coil of copper rod sits on the production line for copper flat wire at the Wellascent factory in Ganzhou, Jiangxi province, China, August 14, 2025. REUTERS/Florence Lo/File Photo
FILE PHOTO: A coil of copper rod sits on the production line for copper flat wire at the Wellascent factory in Ganzhou, Jiangxi province, China, August 14, 2025. REUTERS/Florence Lo/File Photo
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Copper Crawls Higher on Softer Dollar and Supply Issues

FILE PHOTO: A coil of copper rod sits on the production line for copper flat wire at the Wellascent factory in Ganzhou, Jiangxi province, China, August 14, 2025. REUTERS/Florence Lo/File Photo
FILE PHOTO: A coil of copper rod sits on the production line for copper flat wire at the Wellascent factory in Ganzhou, Jiangxi province, China, August 14, 2025. REUTERS/Florence Lo/File Photo

Copper prices edged higher on Friday, supported by a weaker dollar and supply issues, but gains were modest due to worries about high oil prices hitting demand.

Benchmark three-month copper on the London Metal Exchange rose 0.5% to $14,319 a metric ton in official open-outcry trading. That marked a decline of 2% since the end of last week.

"Metals have seen light turnover again so far this session with copper finding some support with a slightly softer dollar, but the broader tone remains cautious," Neil Welsh, head of metals at broker Britannia Global Markets, said in a note.

"High energy costs stemming from the ⁠ongoing US-Iran conflict and ⁠signs of industrial weakness in China have weighed on sentiment across the complex."

The dollar index hit its strongest in 17 months this week, but weakened on Friday, making commodities priced in the US currency cheaper for buyers using other currencies.

LME copper has gained 16% over the past six months, largely due to a large shift in ⁠inventories to the US attracted by the prospect of tariffs there, creating shortages elsewhere.

Stocks in warehouses monitored by the Shanghai Futures Exchange <CU-STX-SGH> have slumped by 79% over the past four months to 38,744 tons, their lowest since January 2024.

The SHFE was closed for China's National Day and will reopen on October 8.

The prospect of less output in the world's largest copper producer Chile has also underpinned the market, with data on Wednesday showing production fell 12.8% year-on-year in August.

Supervisors at Chile's Escondida copper mine, the world's largest, rejected a collective ⁠contract offer, ⁠paving the way for a potential strike and adding to supply fears.

"This adds to an overall slump in output, as the industry struggles to maintain aging infrastructure amid difficult operating conditions," Reuters quoted Daniel Hynes, senior commodity strategist at ANZ, as saying in a note.

Among other metals, LME aluminium dipped 0.1% in official activity to $3,121.50 a ton and nickel also shed 0.1% to $15,620.

Zinc rose 0.2% to $3,732.50, lead ticked 0.3% higher to $1,863 and tin was little changed at $54,350.


Eurozone Inflation Hits Three-year High at 3.8% in September

FILE PHOTO: The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/File Photo
FILE PHOTO: The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/File Photo
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Eurozone Inflation Hits Three-year High at 3.8% in September

FILE PHOTO: The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/File Photo
FILE PHOTO: The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/File Photo

Eurozone inflation jumped to 3.8 percent in September, the highest level in three years, as the war in the Middle East fueled a surge in energy costs, official data showed Friday.

The figure for the 21-country euro area was up sharply from 3.2 percent in August and remains well above the European Central Bank's two-percent target, raising the likelihood of another interest rate increase.

The September reading published by the statistical office of the European Union was slightly higher than the 3.7 percent forecast by economists for Bloomberg.

As the US war against Iran drags on, the conflict has caused major disruptions to fuel supplies from the Middle East, including from the Strait of Hormuz, a key energy trade route.

Energy price increases surged to 18.8 percent in September, up from 14.3 percent a month earlier, AFP quoted Eurostat as saying.

Core inflation, which strips out volatile energy and food prices, rose to 2.5 percent last month from 2.4 percent in August.

Meanwhile, food and drinks inflation increased to 1.4 percent from 1.1 percent in August.

Eurozone inflation was last above 3.8 percent in September 2023, when it stood at 4.3 percent.


World Food Prices Near Four-year High in September

A street food vendor pushes a cart along the road in Ho Chi Minh City on October 2, 2026. (Photo by Nhac NGUYEN / AFP)
A street food vendor pushes a cart along the road in Ho Chi Minh City on October 2, 2026. (Photo by Nhac NGUYEN / AFP)
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World Food Prices Near Four-year High in September

A street food vendor pushes a cart along the road in Ho Chi Minh City on October 2, 2026. (Photo by Nhac NGUYEN / AFP)
A street food vendor pushes a cart along the road in Ho Chi Minh City on October 2, 2026. (Photo by Nhac NGUYEN / AFP)

World food prices rose in September to their highest in nearly four years as logistics disruptions and weather concerns affected crop markets, the United Nations' Food and Agriculture Organization said.

Fears about a severe El Nino weather pattern have pushed international sugar prices to an 18-month high, while a war-related collapse in Black Sea trade pushed wheat futures to a three-year peak early last month.

The FAO ⁠Food Price Index, ⁠which tracks monthly changes in international prices for a basket of food commodities, averaged 136.0 points, up from a revised 134.0 for August and the highest reading since November 2022.

FAO's benchmarks for cereal, sugar and vegetable oil ⁠prices all rose last month, though meat and dairy quotations fell.

“We are seeing a persistent and increasingly broad-based build up in global commodity prices, as disruptions in the Strait of Hormuz and the Black Sea combine with climate shocks, putting pressure on energy, transport and key food commodities,” FAO Chief Economist Maximo Torero said, according to Reuters.

“If sustained, these pressures will soon pass through to consumer food ⁠prices, especially ⁠in food and energy import-dependent countries,” he said in a statement.

In a separate report, FAO kept its forecast for global cereal production in 2026 almost unchanged at 2.979 billion metric tons, 2.1% below the previous year's peak but still the second-largest harvest on record.

FAO cut its forecast for world cereal trade in 2026/27 by 0.7% from September, citing lower wheat and maize export expectations due largely to constrained Black Sea shipping routes.