BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy. It warns that such measures "threaten to further reduce global trade" and are "affecting the prospects for global economic development."
Elon Musk's rise as President Donald Trump's all-powerful wingman was as rapid and unstoppable as one of his SpaceX rockets. And his prominence inside the White House has reportedly created friction in Trump's inner circle.
As dawn broke over the Mexican-US border on US President Donald Trump's "Liberation Day," Raul Hernandez steered his semi-trailer carrying Toyota pick-up trucks towards California, worried how tariffs would affect him. Behind him in the queue, Omar Zepeda was also transporting Tacoma pick-up trucks from a nearby Toyota plant.
Starbucks was facing another lawsuit over a spilled hot drink Wednesday, just weeks after a court ordered the coffee giant to pay $50 million to a man who was injured by a cup of tea. Last month a jury in Los Angeles ordered the firm to pay $50 million to delivery driver Michael Garcia, who suffered burns when a super-sized drink spilled in his lap at a drive-through.
The Interest rates increased from 18.75% at the beginning of 2024, to 27.50% at the end of the year. The financial reports show that banks earned a lot from loans.
Tesla reported a 13 percent drop in first quarter auto sales Wednesday amid lower production during factory upgrades and blowback over CEO Elon Musk's work for President Donald Trump's administration.
Japanese video game giant Nintendo announced Wednesday that its new Switch console would be available on June 5, starting the countdown for one of the most hotly awaited gaming launches in years. It will launch on the Switch 2 in June and be included for the sale price, which was not revealed.
The Central Bank of Nigeria (CBN) has reported a growth in Nigeria's net foreign exchange reserves, which hit $23,11 billion in 2024, marking an improvement.
Before May 2023, fuel importation was the order of the day and the tank farms received high patronage, but all that changed after fuel subsidies were removed.
Deutsche Bank's asset management arm DWS was hit Wednesday with a 25-million-euro ($27-million) fine over misleading advertising for supposedly sustainable products, with activists hailing one of the world's biggest ever "greenwashing" penalties. DWS had already been hit in 2023 with $19-million penalty by financial regulators in the United States over misleading green statements.
Economy
Load more