Economy
Trump tariffs could push up inflation: senior Fed official
US President Donald Trump's tariff plans could increase inflation by as much as 1.2 percentage points if they are fully implemented, a senior Federal Reserve official said Wednesday.
White House says Trump to announce auto tariffs Wednesday
US President Donald Trump will announce tariffs on auto imports to the country Wednesday, the White House said in a move set to fuel tensions with trading partners ahead of further promised levies next week. On Wednesday, White House Press Secretary Karoline Leavitt told a briefing that Trump will hold a press conference at 4:00 pm (2000 GMT) "to announce tariffs on the auto industry."
Canada PM Carney details fund to protect auto industry against Trump
Prime Minister Mark Carney on Wednesday announced support for "all-in-Canada" auto manufacturing, escalating trade protection in response to US President Donald Trump's threat to "shut down" the northern country's auto industry. But Trump's trade war, his repeated threats to make Canada the 51st US state, and Trudeau's departure have upended Canadian politics.
MTN, Airtel sign new deal to share network infrastructure in 2 countries
Chief Executive Officer of Airtel Africa, Sunil Taldar, said that the deal would significantly lessen the cost of expanding network coverage to new locations.
Sweden to boost defence spending $30 bn over a decade
Sweden will increase defence spending by about 300 billion kronor ($30 billion) over the next decade, the prime minister said Wednesday, calling it the nation's biggest rearmament push since the Cold War.
Apple says Indonesia iPhone sales ban ends in April
Teach giant Apple announced on Wednesday the iPhone 16 will be available in Indonesia from next month, indicating the sales ban in Southeast Asia's biggest economy had been lifted. Despite the ban on iPhone sales in Indonesia, the government had allowed the devices to be brought in if they were not being traded commercially.
US may miss out on green tech boom: Germany
Europe must seize on the "huge economic opportunities" offered by the green technology boom, Germany said Wednesday -- adding it was up to the United States if it decided to miss out. "Climate protection opens up huge economic opportunities, and we as Europeans want to seize them", she added.
China drinks chain Mixue profits spike 40% in 2024
Chinese drinks company Mixue Group, which has surpassed McDonald's and Starbucks in store count to become the world's largest food and beverage chain, reported a spike in profits on Wednesday as it laid out further expansion plans.
CBN speaks on next plan to fight speculators as naira depreciates
The CBN governor said the central bank remains dedicated to maintaining discipline in the country's fx market by identifying and eliminating dishonest participant
Economy
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