Economy
Walmart to invest billions in Mexico despite US tariff threat
US retail giant Walmart said Thursday that it would invest more than $6 billion in Mexico this year, despite President Donald Trump's escalating trade wars with Washington's partners and competitors alike. "Walmart arrived in Mexico more than 65 years ago, and we will be here for the next 30, 60, or 90 years," he said.
Sudan's booming wartime gold trade flows through the UAE
Sudan's gold industry has become the lifeblood of its war, with nearly all of the trade channelled through the United Arab Emirates, enriching both the army and paramilitaries, according to official and NGO sources.
Crisis-hit German rail operator reports another massive loss
German rail operator Deutsche Bahn reported another massive annual loss Thursday as it battles a "serious crisis" but said government plans to ramp up infrastructure spending could get it back on track. "Deutsche Bahn is facing its most serious crisis" since major railway reforms of the mid-1990s, said CEO Richard Lutz.
Tariff-hit British Steel confirms plan to shut blast furnaces
Chinese-owned British Steel confirmed Thursday plans to shut blast furnaces and other operations in England, saying US President Donald Trump's tariffs on the sector were partly to blame for a decision which could cost up to 2,700 jobs.
Naira trades at new rate at NFEM as CBN issues stern warning to currency speculators
The naira fell again in the official foreign exchange market on Wednesday, March 26, 2025, trading at N1,537 per dollar from N1,532 the previous day.
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.
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