Nigerians have started reacting to the renewed threat on Nigeria by US President Donald Trump as a powerful lawmaker reiterated a major claim after Sokoto bombing.
The naira dips against the dollar despite improved forex liquidity, with total FX inflows rising. Analysts foresee stronger trade opportunities ahead in 2026.
Saudi Arabia, Russia and six other key members of the OPEC+ alliance are expected to further hike oil production in a meeting Sunday, a move analysts say is aimed at regaining market share amid resilient crude prices.
One of five miners trapped after a partial collapse at the world's largest underground copper mine has been found dead, Chile's state-owned Codelco group announced Saturday. Chile is the world's largest copper producer, responsible for nearly a quarter of global supply with about 5.3 million metric tonnes (5.8 million tons) in 2024.
Turkey on Saturday began supplying natural gas from Azerbaijan to Syria, whose infrastructure has been ravaged by a long civil war, with annual deliveries expected to reach up to two billion cubic metres. "In the initial phase, up to two billion cubic metres of natural gas per year could be exported to Syria," Bayraktar said in the southern province of Kilis near the Syrian border.
A combination of tact and tenacity is credited for Mexican President Claudia Sheinbaum's successful dealings with US counterpart Donald Trump, most recently convincing him to delay a sky-high import tariff meant to come into effect Friday. On Thursday, Trump agreed to delay by 90 days a 30 percent general tariff on imported Mexican goods, just hours before it was to take effect.
Brazilians set fire to effigies of Donald Trump in protests across several cities Friday, denouncing the US president's politically motivated trade tariffs. Trump also signed an executive order slapping 50 percent tariffs on Brazilian imports, citing Bolsonaro's "politically motivated persecution."
US Federal Reserve governor Adriana Kugler is resigning from her position, the central bank said Friday, opening a vacancy that President Donald Trump can fill as he presses his campaign to drop interest rates. "It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System," Kugler wrote in her resignation letter.
Rescue teams in Chile searched Friday for five miners trapped after a partial collapse triggered by a tremor killed one colleague and halted operations at the world's largest underground copper mine.
Lower crude prices dented profits at ExxonMobil and Chevron as the companies signaled Friday they are moving past a legal fight over an acquisition ultimately won by the latter firm.
It is news that will leave brewers feeling flat -- German beer sales hit their lowest level in the first half of the year since records began over three decades ago. Holger Eichele, head of the German Brewers' Federation, said 2025 was set to be "an extremely demanding year for us".
Economy
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