US President Donald Trump has announced a 50 percent tariff on Brazilian imports as he accused the country's leftist leadership of orchestrating a "witch hunt" against his right-wing ally, former leader Jair Bolsonaro. Bolsonaro calls Trump a "friend" and says they are both victims of "persecution."
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.
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.
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.
The SEC Director General noted that women are often empathetic and eager to explore opportunities that would secure the financial futures of their families.
The NADDC's end-of-life vehicle policy will open up vacancies in the industry, with recyclable volumes in Nigeria estimated to be worth billions of dollars.
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.
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 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.
The National Bureau of Statistics (NBS) has revealed that Nigeria recorded a trade surplus of over N16 trillion, driven by crude oil exports to various countries.
Economy
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