President Bola Tinubu on Friday, November 7, made a strong vow as the United States (US') military action threat looms amid an alleged Christian persecution claim.
The Nigerian currency, the naira, has emerged among Africa's best-performing currencies, ranking high in a newly released report for October 2025.
An onslaught of tariffs by the United States will send "shock waves" through African economies, the president of the African Development Bank said on Friday, warning of reduced trade and higher debt-servicing costs. A baseline 10-percent levy remains in place for all countries, along with higher tariffs on Chinese imports to the United States -- scrambling decades of global trade policy.
Shaken by Donald Trump's tariff blitz, the EU has embarked on a charm offensive to diversify its alliances in Asia and beyond, with summits lined up back-to-back and trade talks launched in all directions. This week alone, the EU agreed to launch talks for a free trade deal with the United Arab Emirates and confirmed a high-level summit in China in July, hot on the heels of a meeting in Japan.
Policymakers at the US Federal Reserve on Friday warned of higher inflation and slower growth ahead due to Donald Trump's tariff policy, which has sent shock waves through global markets.
Vast pharmaceutical factories pepper the green landscape in southern Ireland, but the wind turbines next to the plants outside Cork are in the eye of Donald Trump's global trade storm. "If tariffs were to become a permanent feature of global trade, and if there are changes, we'll see it further down the line with pipeline decisions about next investments," he said. pmu/jkb/jhb
A group of US senators on Friday urged the government's markets corruption watchdog to investigate whether President Donald Trump or White House insiders broke securities laws ahead of his dramatic reversal on global tariffs.
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 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.
The applications are sent to the institution for verification, and when completed, the government disburses the funds straight to the universities, not the students.
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.
Economy
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