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US takes rivalry with China to the high seas
The United States may still have the world's most powerful navy but it seems to have realised that this is no longer sufficient to reassert US supremacy over the high seas. - Gaps in US presence - While the United States may have the world's most powerful navy, its merchant fleet is not in such good shape, said Quintin.
New LIV CEO O'Neil predicts golf will 'open up again'
The new CEO of LIV told AFP the world of golf will eventually "open up again" and the Saudi-bankrolled league has an important role in growing the game around the world. "Eventually, I believe that golf will open up again," he told AFP. "We would like player movement.
US shipbuilders, a shadow of what they were, welcome Trump's support
Shipbuilding has been in steady decline in the US since the end of the Cold War but some in the industry now hope for a revival of the sector, as was promised last week by President Donald Trump. Trump has now promised to reverse this, declaring in an address to Congress on Tuesday that he would "resurrect" the sector and create an Office of Shipbuilding in the White House.
Nigeria seeks to cash in on soaring cocoa prices
Booming cocoa prices are stirring interest in turning Nigeria into a bigger player in the sector, with hopes of challenging top producers Ivory Coast and Ghana, where crops have been ravaged by climate change and disease. - 'Full-sun' monocrop - Ivory Coast is by far the world's top grower, producing more than two million tonnes of cocoa beans in 2023, followed by Ghana at 650,000 tonnes.
China consumption slump deepens as February prices drop
Consumer prices in China fell last month for the first time since January 2024, official data showed Sunday, as authorities in the world's second-largest economy struggle to kickstart spending. It also reversed the 0.5 percent uptick recorded in January, when a surge in spending during the Lunar New Year boosted inflation to its highest rate in months.
'Grieving': US federal workers thrown into uncertain job market
Unprecedented cuts to the US government overseen by President Donald Trump's billionaire advisor Elon Musk are sending thousands of federal workers and contractors back to the labor market -- but experts warn that hiring is low at this time. - Low hiring rate - "It could be quite hard to find alternative employment if there's a big flood of people onto the market at once," Sojourner warned.
Trump's tariff rollback brings limited respite as new levies loom
US President Donald Trump imposed vast tariffs this week on key partners Canada and Mexico, roiling cross-border ties before offering temporary relief to manufacturers -- but with more levies kicking in next week, the respite may be fleeting.
Trump says dairy, lumber tariffs on Canada may come soon
US President Donald Trump said Friday that he could impose reciprocal tariffs on Canadian dairy and lumber within days -- a move set to fuel tensions with Ottawa just days after an earlier wave of levies. On Friday, Trump signaled that such levies could come as soon as Friday: "Canada has been ripping us off for years on tariffs for lumber and for dairy products."
US Fed chair flags policy uncertainty but in no rush to adjust rates
US Federal Reserve Chair Jerome Powell flagged high uncertainty Friday surrounding President Donald Trump's economic policies and their effects, but maintained that the central bank need not rush to adjust interest rates. He also remained cautious in assessing the effects of household and business uncertainties over economic prospects.
AFP
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