
New data has shown that the United States of America has slashed its imports from Nigeria, plunging by 41% in one month, as tensions escalate over tariffs.
New data has shown that the United States of America has slashed its imports from Nigeria, plunging by 41% in one month, as tensions escalate over tariffs.
UK Prime Minister Keir Starmer on Monday pledged to boost "homegrown talent for the AI age" by teaming up with tech giants to train 7.5 million workers in artificial intelligence skills.
Torn between growing geopolitical tensions and constrained public finances, Britain's finance minister Rachel Reeves is set to unveil feared trade-offs in a government spending review on Wednesday. Reeves, the chancellor of the exchequer, is to detail day-to-day spending plans in her review to parliament on Wednesday.
The Nigerian stock market has reported massive weekly gains, with investors reaping over N1.8 trillion profits, even as Dangote gets ready to list on the NGX.
South Africa's coal-dependent economy could lose billions in export revenue and thousands of jobs as more countries and companies seek carbon-free imports, the Net Zero Tracker watchdog said Monday.
The US government is proposing a law to impose a 3.5% tax on remittances to other countries, including Nigeria from the US, which experts say will affect the naira.
Chinese consumer prices fell for the fourth straight month in May, data showed Monday, as the world's second biggest economy struggles with sluggish spending and global trade turmoil. The China-US talks in London will mark the second round of formal negotiations between the world's two largest economies since Trump launched his global trade blitz in April.
Stocks rallied Monday on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the economic superpowers, while investors were also cheered by forecast-topping US jobs data. The talks come days after Trump and Chinese counterpart Xi Jinping held their first publicly announced telephone talks since the US president returned to the White House.
After a round of talks in Geneva last month, the United States and China will sit down at the negotiating table in London on Monday to attempt to preserve a fragile truce on trade, despite simmering tensions. His press secretary, Karoline Leavitt, told Fox News on Sunday: "We want China and the United States to continue moving forward with the agreement that was struck in Geneva."
Microsoft on Sunday unveiled its first Xbox-branded handheld gaming devices, touting them as a way to play its vast library of titles anywhere. "On this Xbox, you can play games across your entire library, including all the Windows PC game stores from Xbox and Battle.net to Steam, GOG (Good Old Games platform) and Ubisoft Connect."
Economy
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