Tensions escalate as US Navy captures Iranian-flagged vessel Touska in Strait of Hormuz. Iran condemns the act, claiming it violates ceasefire agreements.
Nigerian government updates the banned import list, including cement and fertiliser, effective April 1, 2026, amid World Bank's calls to enhance competitiveness.
European Central Bank chief Christine Lagarde said Tuesday that she hoped US President Donald Trump would not oust the country's central bank boss Jerome Powell prematurely. "I hope that a trade deal will be something that can be considered by both partners, the United States and China," Lagarde said Tuesday.
The ogun state government had earlier set target dates in 2023 and 2024 to begin passenger operations, but missed them. It appears that 2025 it will happen.
German chemicals giant BASF said Tuesday it had exited two joint ventures in China's Xinjiang region after its local partner was alleged to have participated in rights abuses against the local Uyghur minority. BASF said at the time it had no indication that employees of the joint ventures were involved in rights violations, only staff of its local partner.
Sweden, Finland, Norway and Lithuania plan to beef up military capabilities around the Baltic Sea with a joint order for several hundred CV90 combat vehicles, Swedish Prime Minister Ulf Kristersson said Tuesday. "Our focus right now is on a potential coordinated acquisition of the CV90 infantry fighting vehicles with Sweden, Lithuania, Finland and Norway together," Kristersson said.
The union had earlier issued an ultimatum to NIMET stating their demands. With the expiration of the ultimatum, strike commences tonight at all Nigerian airports.
The US dollar has hit its lowest in three years following President Donald Trump's tariff policies, while the Nigerian naira appreciated against the euro
Policymakers should find a way to reduce the uncertainty over trade policy kicked up by Donald Trump's tariff plans in order to boost global growth, the International Monetary Fund's chief economist said in an interview.
The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the effect of US President Donald Trump's new tariff policies on the world economy.
The IMF said Tuesday it now believed China's economy will only grow by four percent this year, well below Beijing's official target as it fights a mounting trade war with the United States that threatens to hammer the global economy.
Economy
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