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

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

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

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

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

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

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

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

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

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

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…
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