Wednesday’s jaw-dropping stock-market rally on President Donald Trump’s surprising tariff reversal is one for the history books. The S&P 500 skyrocketed 9.52% in a kneejerk reaction to Trump’s announcement to put a 90-day pause on some of the lofty ‘reciprocal’ tariffs. The one-day gain ranks as […]
Gold climbed, snapping a three-day slump, amid fears that an increasingly hostile trade war could cause a global economic downturn. The precious metal rose back above $3,000 an ounce, after shedding almost 5% over the prior three days, the worst […]
Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of a widening global trade war and fears it will unleash a deep recession. Hong Kong’s Hang Seng index slumped more than 10% […]
The world’s 3,028 billionaires are spread across more than 800 cities around the globe, from Feldmeilen, Switzerland to Ezulwini, a small town in the western part of Eswatini–better known by its former name, Swaziland, in southern Africa. Yet nearly a […]
Oil prices have experienced a significant drop this week, falling to $65 per barrel, a level not seen since 2021. The decline comes as a result of the combined impact of the US import tariffs and an unexpected increase in […]
The U.S. decision to continue supporting the rail line—commonly known as the Lobito Corridor—signals a renewed commitment to strategic infrastructure development in Africa, even as global tariff tensions continue to escalate. The confirmation came from a senior U.S. diplomat, indicating […]
The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump’s tariffs on steel and aluminium, a document seen by Reuters showed. The tariffs on some goods will come into […]
U.S. natural gas prices fell by 6% on Friday morning amid the overall panic market selling, but the benchmark Henry Hub price was declining less than the WTI Crude prices, which sank by more than 8% to hit a low […]
COGNAC, France – Christophe Fillioux’s family estate in the cognac region of southwest France has survived for five generations, through wars and financial crises. Now, though, he has started to tear up some of his vineyards by the roots. U.S. […]
Nigeria’s economy faces fresh risk as international crude oil prices slump by $10 per barrel, threatening the country’s already stretched fiscals and exposing deep-rooted vulnerabilities in Africa’s largest crude oil producer. The decline, driven by US President Donald Trump’s tariffs […]
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