The United States (US) says it has killed an Iranian leader linked to an alleged plot to assassinate Donald Trump, escalating tensions with Iran.
Nigeria's naira faces renewed pressure, trading at N1,384/dollar amid high demand. External reserves near $50bn may stabilise the currency as oil prices rise.
Five people died and another four were seriously injured in a blast Monday at a coal mine in northern Spain's Asturias region, the nation's deadliest mining accident in decades. This is the deadliest mining accident in Spain since 1995 when 14 people died following an explosion at a mine in Asturias near the town of Mieres.
The International Monetary Fund (IMF) has identified 10 African countries with the lowest debt exposure in its update list on the continent for March 2025.
Debt-laden Chinese property giant Vanke reported annual losses of 49.5 billion yuan ($6.8 billion) on Monday, citing falling sales and shrinking profit margins despite Beijing's attempts to revive the housing market. Chinese authorities were mulling plans to help Vanke plug a funding gap of $6.8 billion this year, Bloomberg News reported last month.
World economies were jittery Monday ahead of US President Donald Trump's "Liberation Day" when he is set to unleash tariffs against multiple countries, risking global turmoil to redress what he says are unfair trade imbalances. Trump insists that reciprocal tariffs are needed because the world's biggest economy has been "ripped off by every country in the world."
Renault and Nissan said Monday they had revised their partnership to allow for a reduction in their cross-shareholdings and other measures that would help the financially troubled Japanese carmaker. The new agreement will allow the carmakers to reduce their current 15 percent cross-shareholdings to 10 percent.
The Netflix drama "Adolescence", which has sparked widespread debate about the toxic and misogynistic influences young boys are exposed to online, will be shown in UK secondary schools, the prime minister's office and the streaming giant said Monday.
Primark chief executive Paul Marchant has resigned following a company investigation into his behaviour toward a woman "in a social environment", the budget fashion chain's owner Associated British Foods (ABF) announced Monday.
The Nigerian government is poised to receive about $635 million from the World Bank to bring Nigeria's total loan from the bank under Tinubu to $9.25 billion.
Chinese smartphone maker giant Huawei said Monday that profits fell 28 percent last year as it faced international economic uncertainty and weak consumption at home. The company announced Monday that it made a net profit of 62.6 billion yuan ($8.6 billion) last year, down from 87 billion yuan in 2023.
Economy
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