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US takes rivalry with China to the high seas
US takes rivalry with China to the high seas
Economy
by  AFP

The United States may still have the world's most powerful navy but it seems to have realised that this is no longer sufficient to reassert US supremacy over the high seas. - Gaps in US presence - While the United States may have the world's most powerful navy, its merchant fleet is not in such good shape, said Quintin.

New LIV CEO O'Neil predicts golf will 'open up again'
New LIV CEO O'Neil predicts golf will 'open up again'
Economy
by  AFP

The new CEO of LIV told AFP the world of golf will eventually "open up again" and the Saudi-bankrolled league has an important role in growing the game around the world. "Eventually, I believe that golf will open up again," he told AFP. "We would like player movement.

US shipbuilders, a shadow of what they were, welcome Trump's support
US shipbuilders, a shadow of what they were, welcome Trump's support
Economy
by  AFP

Shipbuilding has been in steady decline in the US since the end of the Cold War but some in the industry now hope for a revival of the sector, as was promised last week by President Donald Trump. Trump has now promised to reverse this, declaring in an address to Congress on Tuesday that he would "resurrect" the sector and create an Office of Shipbuilding in the White House.

Nigeria seeks to cash in on soaring cocoa prices
Nigeria seeks to cash in on soaring cocoa prices
Economy
by  AFP

Booming cocoa prices are stirring interest in turning Nigeria into a bigger player in the sector, with hopes of challenging top producers Ivory Coast and Ghana, where crops have been ravaged by climate change and disease. - 'Full-sun' monocrop - Ivory Coast is by far the world's top grower, producing more than two million tonnes of cocoa beans in 2023, followed by Ghana at 650,000 tonnes.

China consumption slump deepens as February prices drop
China consumption slump deepens as February prices drop
Economy
by  AFP

Consumer prices in China fell last month for the first time since January 2024, official data showed Sunday, as authorities in the world's second-largest economy struggle to kickstart spending. It also reversed the 0.5 percent uptick recorded in January, when a surge in spending during the Lunar New Year boosted inflation to its highest rate in months.