BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy. It warns that such measures "threaten to further reduce global trade" and are "affecting the prospects for global economic development."
Chinese EV battery giant CATL aims to raise $4 billion in its Hong Kong listing scheduled for May 20, said a statement filed to the bourse Monday, making it the largest IPO expected in the city so far this year. In December, CATL announced that it would work with automotive giant Stellantis on a $4.3 billion factory to make EV batteries in Spain, with production slated to begin by the end of 2026.
The FCCPC ordered Discos to refund consumers for infrastructure investments, but despite increased tariffs, Discos say some customers will not get refunds.
Washington expressed optimism at the end of a weekend of trade talks with China aimed to de-escalate trade tensions sparked by President Donald Trump's aggressive tariff rollout. Bessent underlined a focus on "de-escalation" and not a "big trade deal", while Beijing insisted that the United States had to ease tariffs first.
Andrew Petersen is a third-generation oil refinery worker from a small, industrial Scottish town. He argued that the UK and devolved Scottish governments needed to do more to bridge the gap between shuttering polluting industries and the transition to greener energy -- which will accelerate closer to Britain's 2050 net zero target.
Business is booming at Japanese discount chain Don Quijote, which sells everything from nostril-hair wax to compact gadgets and colourful party costumes, thanks to its cult status among tourists but also inflation at home.
Ahead of US President Donald Trump's Gulf visit next week, his son Eric was promoting his crypto firm in Dubai, while Don Jr prepared to talk about "Monetising MAGA" in Doha.
A recent survey has shown that the prices of food items in Lagos markets are experiencing fluctuations, causing a major concern for both consumers and retailers.
Along with the spiritual leadership of the world's 1.4 billion Catholics, Pope Leo XIV now inherits oversight of the Vatican's shoddy finances -- and his predecessor's efforts to clean them up.
A "pragmatic" approach to talks on food standards, youth mobility and European courts could yield an "ambitious" post-Brexit deal between the EU and UK, Prime Minister Keir Starmer said in an interview published Saturday by The Guardian newspaper.
Economy
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