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Competition drives down Nigeria petrol prices
The retail price of petrol in Nigeria has dropped to 860 naira ($0.57) per litre, as a major local refinery drives down prices in a country long forced to import its gasoline. Despite being a major oil producer, Nigeria's state-owned refineries have long been run-down, leading the country to rely heavily on imported petrol.
How will Mexico respond to Trump's tariffs?
Mexico's targeting by US President Donald Trump's tariffs has put its economy at risk of a recession with a regional free-trade deal in limbo, experts say. - In theory, Mexico and Canada should be protected against US tariffs by a regional free-trade agreement that was renegotiated during Trump's first term.
Tesla shares fall on weak China auto sales
Shares of Tesla tumbled Tuesday following data showing a big drop in auto sales in China, adding to recent losses amid backlash to CEO Elon Musk's alliance with US President Donald Trump. The electric auto maker sold 30,688 vehicles in China in February, down 49 percent from the year-ago period, according to data from the China Passenger Car Association.
Prada shines despite luxury crisis, Versace rumours swirl
Italian luxury fashion house Prada reported a bumper set of results for 2024 on Tuesday, defying analysts' expectations and the crisis in luxury markets. Founded in 1978 by designer Gianni Versace and his brother Santo, Versace is an icon of Italian fashion, known for its luxurious and sensual style.
Chameleon phones and smart contact lenses: the gadgets of MWC 2025
As the world's biggest wireless technology fair, the Mobile World Congress in Barcelona is packed with manufacturers showing off their latest gadgets and inventions. Demonstrator models at their stand show off proofs of concept for each of the capabilities that co-founder Roman Axelrod says they want to pack into a single prototype device "by the end of 2026".
Writing on the wall as Chinese businesses fret over US trade war
At a bustling Shanghai trade fair, exporters of goods ranging from plush toys to chainmail bikinis expressed growing unease at the escalating US-China trade war as new US tariffs took hold on Tuesday. The fair on Tuesday showcased the huge spectrum of such exports -- sellers of everything from bath mats to cosmetics told AFP their businesses would be affected in some way.
China's elite don traditional garb for annual 'Two Sessions' talking shop
Sporting military uniforms and multi-coloured traditional garb, delegates from all four corners of China descended on the capital on Tuesday for the country's largest annual political event -- a red-carpet cameo for the ruling elite. But that was punctuated with the occasional pop of colour and traditional dress from representatives of China's 55 officially recognised minority groups.
France opposes seizing frozen Russian assets: minister
France voiced opposition Tuesday to seizing frozen Russian assets to fund a European military spending boost for Ukraine, arguing such a move would be against international agreements. He added that such funds cannot come from "assets that are captured" as this "would be contrary to international agreements that France and Europe have signed up to".
Saudi Aramco profits drop 12 percent on lower prices, volumes
Oil giant Saudi Aramco posted a drop in annual profits on Tuesday as lower prices and volumes hit the lynchpin of the kingdom's ambitious economic reform plans. The world's biggest crude exporter said profits were down more than 12 percent to $106.25 billion in 2024, the second annual drop following a surge in oil prices in 2022.
AFP
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