Economy
Hundreds of fungi species threatened with extinction: IUCN
Deforestation, farming and climate-fuelled fires are driving increasing threats to fungi, the lifeblood of most plants on Earth, the International Union for Conservation of Nature warned on Thursday. Deforestation, for timber or to make way for crops, is the primary existential threat to at least 198 fungi species.
Tariff-hit British Steel confirms furnace closures
Chinese-owned British Steel confirmed Thursday plans to shut blast furnaces and other operations in England, blaming a decision that risks up to 2,700 job losses partly on US tariffs.
“We are still buying": Petrol retailers confirm currency of purchase from Dangote Refinery
The PETROAN president noted that the announcement was not meant to trigger any panic, but to alert Nigerians as to what the end of the naira-for-crude deal meant.
China rebuffs Trump offer of tariff concessions if Beijing agrees TikTok deal
China rebuffed on Thursday a suggestion from US President Donald Trump that he might offer to reduce tariffs on the country to get Beijing's approval for the sale of popular social media platform TikTok. Beijing swiftly rebuffed Trump's suggestion, with its foreign ministry saying that it has "repeatedly stated our position" on TikTok.
Japan warns of 'significant impact' from US tariffs
Japan's government warned Thursday of a "significant impact" on its economic ties with the United States and on global trade, after President Donald Trump announced import tariffs on cars.
Lesotho fears Trump shake-up could tear threadbare economy
In a sweltering factory in Lesotho, rows of workers hunch over thrumming sewing machines churning out piles of jeans for the global market from a country that US President Donald Trump has mocked as unknown. These workers are now fretting over their future after Trump this month called Lesotho "a country nobody has ever heard of" while defending his sweeping aid cuts.
UK town motors on as historic Vauxhall plant to shut
At regular intervals, vehicle transporters exited the front gates of the historic Vauxhall plant in the English town of Luton, loaded with white electric vans straight off the assembly line.
Autos lead Asian market losses after Trump's latest tariffs salvo
A plunge in automakers hit Asia equities Thursday after Donald Trump announced painful tariffs on all imported vehicles and parts as he presses hardball trade policies many fear will spark a recession. Key automobile parts will also be hit within the month.
AI's impact on jobs, tech's touchy topic
"Stop Hiring Humans" read a provocative sign at an AI conference in Las Vegas, where the impact of new artificial intelligence models on the world of work had sparked some unease. We're sparking the conversation," said Fahad Alam of Artisan, a startup, at the HumanX AI event.
Economy
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