US President Donald Trump has announced a 50 percent tariff on Brazilian imports as he accused the country's leftist leadership of orchestrating a "witch hunt" against his right-wing ally, former leader Jair Bolsonaro. Bolsonaro calls Trump a "friend" and says they are both victims of "persecution."
US hiring slowed less than expected in April while the jobless rate remained unchanged, according to government data published Friday, as businesses navigated the early months of Donald Trump's second presidency.
The much-awaited release of Grand Theft Auto VI, the latest instalment of the popular video game series, has been postponed by several months to May 2026, its publisher said Friday. "With every game we have released, the goal has always been to try and exceed your expectations, and Grand Theft Auto VI is no exception," it said.
The European Union on Friday won a landmark case against Britain at the world's oldest arbitration body over post-Brexit rights to fish sandeels, a tiny North Sea species. In March, Britain ordered all fishing to stop, arguing that sandeels were integral to the marine ecosystem of the North Sea.
Inflation in the eurozone remained unchanged in April, staying higher than analysts expected, official data showed on Friday, but was unlikely to sway the European Central Bank from its interest rate-cutting cycle. With inflation close to the two-percent target, the ECB shifted to cutting interest rates to boost the eurozone's sluggish economy.
Fitch ratings just upgraded Nigeria's credit rating to a B, showing that the country can meet its loan obligations. The IMF has confirmed the status of its loans.
The Debt Management Office (DMO) has explained that Nigeria spent about N5.97 trillion on debt servicing in 2024, relative to N5.23 trillion in 2023.
TikTok was hit with a massive EU fine of 530 million euros ($600 million) Friday, accused of sending personal data of Europeans to China and failing to guarantee it was shielded from access by Chinese authorities.
Hong Kong's economy grew by 3.1 percent in the first quarter of the year, the city's government said Friday, though it warned US tariffs had heightened "downside risks" in the global economy. But officials warned that with the sharp increase in global tensions "the downside risks surrounding the global economy have heightened visibly".
German chemicals giant BASF stuck to its 2025 earnings outlook on Friday, despite the turmoil unleashed by hardline US trade policies, but warned of high levels of uncertainty.
Economy
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