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UK parliament to be recalled Saturday to discuss British Steel's future
UK lawmakers will be recalled from their Easter break to discuss the future of British Steel in parliament on Saturday, the House of Commons said, with reports the struggling company could be nationalised. UK Business and Trade Secretary Jonathan Reynolds met with the CEOs of British Steel and owner Jingye this week to discuss the future of Scunthorpe.
JPMorgan Chase sees 'considerable turbulence' facing economy as profits rise
JPMorgan Chase CEO Jamie Dimon said Friday that US Treasury bonds remained a safe place in an unpredictable world as he warned of "considerable turbulence" facing the economy. US bond yields were up again early Friday, indicating weaker demand for US Treasuries, long considered a safe haven asset.
Trump's trade whiplash sends dollar into tailspin
The mighty dollar is sliding sharply as President Donald Trump's turbulent trade agenda has battered US credibility in global markets and fanned fears of a self-inflicted economic downturn. "The market is re-assessing the structural attractiveness of the dollar as the world's global reserve currency and is undergoing a process of rapid de-dollarization," Saravelos said in a note to clients.
Hope sparkles anew for India's jewellers after US tariff pause
India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to hit lucrative exports and tens of thousands of jobs. While Trump's pause has brought relief, India's exporters are keenly aware they could be in the same position in July.
AGOA: US-Africa trade accord hangs in the balance
The African Growth and Opportunity Act (AGOA), whose future is in doubt since Donald Trump returned to the White House, provides duty-free access to the United States for certain African products.
UK's unexpected economic rebound boosts govt amid Trump tariffs
Britain's economy grew far more than expected in February, official data showed Friday, in a rare piece of good news for the Labour government as it grapples with unpredictable US tariffs. But Friday's figures exceeded economists' expectations of a much smaller 0.1 percent increase in GDP in February.
Apple’s iPhone 16 hits Indonesia stores after monthslong ban
Smartphone buyers were cheered by shopkeepers in Jakarta on Friday after Apple's latest smartphone went on sale following a monthslong ban in Indonesia. Indonesia has also banned the sale of Google Pixel phones for failing to meet the 40 percent local parts requirement. mrc/ebe/tc
Sweden drowns in discarded fast fashion items
Sweden's recycling centres are overflowing with clothes after an EU-wide ban this year on throwing away textiles, leaving overwhelmed municipalities eager to have fast fashion giants take responsibility.
Despite US tariffs pause, southern African economies under threat
Washington's 90-day pause on higher tariffs is of little comfort to southern African economies facing the collapse of a preferential trade deal and a 25-percent hike on car imports, analysts say.
AFP
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