Economy & Trade
Follow global economies, trade deals, inflation, markets, jobs, business policy, currencies and financial developments.
Dangote Refinery Launches Africa’s Largest IPO, Targeting $1.6 Billion in Capital
4 weeks ago
Dangote Refinery Launches Africa’s Largest IPO, Targeting $1.6 Billion in Capital
A defining feature of the offering is its accessibility. By setting the minimum subscription at just ten shares, the Dangote…
U.S. replaces 50% tariffs with total import bans on Canadian alcohol, dairy and motorcycles
4 weeks ago
U.S. replaces 50% tariffs with total import bans on Canadian alcohol, dairy and motorcycles
The decision follows the collapse of trade negotiations that took effect on August 22, hours after diplomatic discussions broke down.…
Argentina’s Poverty Rate Climbs to 32.3%, Reversing Year-Long Decline Under Milei
4 weeks ago
Argentina’s Poverty Rate Climbs to 32.3%, Reversing Year-Long Decline Under Milei
Prices Outpace Wage Growth The primary driver of this reversal is a widening gap between household incomes and the cost…
UK mortgage rates rise as Nationwide joins lenders in lifting costs
4 weeks ago
UK mortgage rates rise as Nationwide joins lenders in lifting costs
The primary driver behind these increases is the recent climb in bond yields and swap rates, the financial instruments from…
Nigeria’s Public Debt Surges to ₦166.79 Trillion Amid Political Criticism of Fiscal Policy
4 weeks ago
Nigeria’s Public Debt Surges to ₦166.79 Trillion Amid Political Criticism of Fiscal Policy
The surge in debt has drawn intense scrutiny from opposition figures, with former Vice President Atiku Abubakar accusing President Bola…
Ghana Proposes 6% Cocoa Price Hike, Renewing Smuggling Risks Amid Crop Declines
4 weeks ago
Ghana Proposes 6% Cocoa Price Hike, Renewing Smuggling Risks Amid Crop Declines
The proposed increase would be the first upward price adjustment since a nearly 29% cut in February, which followed a…
Romania Faces Junk-Status Risk as Political Gridlock Threatens Fiscal Stability
4 weeks ago
Romania Faces Junk-Status Risk as Political Gridlock Threatens Fiscal Stability
The crisis deepened following the nomination of Siegfried Mureșan, a member of the European Parliament and representative of the centre-right…
US and China Agree to $30 Billion Tariff Reduction and New AI Safety Dialogue
4 weeks ago
US and China Agree to $30 Billion Tariff Reduction and New AI Safety Dialogue
The tariff reduction represents a direct intervention in the ongoing trade tensions that have characterized bilateral relations in recent years.…
Gold Prices Stabilize After Q2 Pullback as Structural Support Persists
4 weeks ago
Gold Prices Stabilize After Q2 Pullback as Structural Support Persists
The recent decline was driven by a confluence of macroeconomic factors, primarily the strengthening of the U.S. dollar, which reached…
Volkswagen Weighs 100,000 Job Cuts and Factory Closures in Historic Restructuring
4 weeks ago
Volkswagen Weighs 100,000 Job Cuts and Factory Closures in Historic Restructuring
The proposed cost-cutting initiative is a direct response to deteriorating economic conditions within the German auto sector. The group faces…