Economy
US trade gap hits new record in January as tariff fears loomed
The US trade deficit surged to a new record in January, government data showed Thursday, as imports spiked while tariff worries flared in the month of President Donald Trump's inauguration. In January, imports came in at $401.2 billion, and this was $36.6 billion more than the level in December, Commerce Department data showed.
Nigeria emerges world's second fastest-growing telecoms market despite challenges
The projected growth will be driven first by investments in fixed broadband and fibre rollouts, followed by a revival in mobile capex, before 6G preparations begin.
Scandinavians boycott US goods over Trump's Ukraine U-turn
Scandinavian consumers outraged by US President Donald Trump's Ukraine policy turnaround have begun boycotting goods and services "Made in USA" but are discovering just how difficult that can be at times. She admits it's not always easy, especially when it comes to tech goods and online services.
Naira trades at new rates as Access, Zenith, UBA, others sell dollar at high prices
The naira depreciated again in the Nigerian Foreign Exchange Market on Wednesday, March 5, 2025, trading t N1,505 per dollar from N1,502 the previous day.
Philippines' Palawan approves 50-year ban on new mining permits
The local government in a resource-rich Philippine province has unanimously voted in favour of a 50-year ban on new mining permits, a decision its supporters said cannot be overridden by Manila. Environmental lawyer Grizelda Anda, who worked in support of Wednesday's vote, said Manila would not be able to legally overrule the local government's decision, which now awaits the governor's signature.
Ikeja Electric throws Lagos Air Force base into darkness with power cut
The Sam Ethnan Air Force Base in Lagos has been left in darkness for over two weeks, due to a rift between the NAF and IKEDC. Ikeja Electric has explained why.
What we know about 'gigantic' Alaska gas pipeline plan
President Donald Trump said this week that Japan and South Korea were looking to work with the United States on a "gigantic" natural gas pipeline in Alaska.
Taiwan says TSMC investment 'historic moment' for US ties
Taiwanese chipmaking giant TSMC's plan to invest $100 billion in the United States was a "historic moment" for Taiwan-US ties, the island's President Lai Ching-te said on Thursday. It will take the total amount the world's biggest chipmaker has pledged to invest in the United States to $165 billion, which TSMC said was the "largest single foreign direct investment in US history".
Ukraine titanium mine hopes US deal will bring funds
In a barren, yellow-and-grey moonscape, heavy machinery grinds away at a titanium mine in the heart of Ukraine. Ukraine, which has around five percent of global mineral resources, is the 11th biggest titanium producer in the world, according to World Mining Data.
Economy
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