Economy
Germany slams Trump tariffs, US tech titans in crosshairs
German Chancellor Olaf Scholz on Thursday slammed sweeping new US tariffs as "fundamentally wrong" as Berlin warned that the European Union could retaliate by targeting American tech titans. US duties of 25 percent on imported cars also took effect Thursday, a huge blow for German titans like Volkswagen, Mercedes and BMW, for whom the United States is a major export market.
India says 'examining the implications' of US tariffs
India said Thursday it was "examining the implications" of sweeping US tariffs, saying it was eyeing "opportunities" after rival competitors were harder hit by US President Donald Trump's hike in duties.
Trump tariffs spark fears for Asian jobs, exporting sectors
Across Asia, factory workers, directors, trade associations and analysts voiced concern Thursday that US President Donald Trump's stinging tariffs could put jobs at risk and hammer key sectors of industry. Vietnam was hammered with huge tariffs of 46 percent as part of Trump's global trade blitz, which sent shares tumbling more than seven percent in Hanoi on Thursday.
Nintendo Switch 2 sparks excitement despite high price
Nintendo fans excited over the upcoming Switch console said Thursday they were disappointed by the high price tag, as US tariffs bite. Some media reported that export data shows Nintendo has been amassing an inventory of the new Switch in the United States to get ahead of the tariffs.
US's Asia-Pacific allies stung by Trump tariffs
China vowed "countermeasures" to Donald Trump's sweeping tariffs on Thursday but elsewhere in the Asia-Pacific region US allies were still scrambling for last-ditch talks to mitigate the levies that will hit Asia's manufacturing powerhouses hard.
NIPSS gives timeline for fuel price to crash to N750/litre, dollar to drop to N1,300
After weeks of declining fuel prices, the pump price of PMS recently climbed up again and now sells above N930/litre, The NIPSS has given a date for prices to crash
EU to target US online services after Trump tariffs: France
The European Union is "ready for a trade war" with the United States and plans to "attack online services" in response to Donald Trump's new tariffs, the French government spokeswoman said Thursday. "We have a whole range of tools and we are ready for this trade war," she added.
How Trump's 'liberation day' tariffs will impact China
US President Donald Trump has slapped punishing new tariffs on imports of Chinese goods, deepening a trade war between the world's two largest economies. Trade between it and the United States, the world's two largest economies, is vast.
Livestock theft is central to jihadist economy in west Africa
Musa was asleep in the village of Dusuman in northeast Nigeria when he was awoken by a sharp burst of gunfire and Boko Haram stole his main source of livelihood -- his livestock.
Economy
Load more