In a sign of shifting priorities at the world’s most powerful central bank, the U.S. Federal Reserve is expected to cut interest rates twice more before year-end, a move analysts say reflects mounting concern over a slowing job market despite persistent inflation. According to a survey, out of 117 economists, 115 expect the Fed to …
Former French President Nicolas Sarkozy on Tuesday began serving a five-year prison sentence at La Santé Prison in Paris after his conviction for conspiring to raise campaign funds from late Libyan leader Muammar Gaddafi. The 70-year-old ex-president arrived at the prison with his wife, Carla Bruni, waving to supporters who chanted “Nicolas! Nicolas!” and sang …
Switzerland’s exports to the United States surged in September as pharmaceutical companies accelerated shipments to beat Washington’s impending tariff hike. Data released on Tuesday by the Swiss Federal Customs Administration show that total Swiss exports to the U.S. soared by nearly 43% in seasonally adjusted terms compared to August, a sharp rebound after a slump …
In a sweeping structural reform, Nigeria has effectively abolished its standalone 10% Capital Gains Tax (CGT) and integrated the gains into its new income tax regime, a move that has triggered widespread debate over its potential to stifle investment or modernize tax fairness. Under the newly signed Nigeria Tax Act, 2025, capital gains for individuals …
China’s exports of rare earth magnets fell 6.1% in September, sparking renewed concerns that Beijing may again use its dominance in critical minerals as leverage in trade talks with the United States. Customs data showed shipments dropped to 5,774 tonnes from 6,146 tonnes in August, ending three consecutive months of growth and coming just before …
Global companies have incurred more than $35 billion in costs from U.S. tariffs heading into third-quarter earnings, though many are now scaling back earlier forecasts as new trade deals ease exposure to President Donald Trump’s levies. Trump’s trade war has driven tariffs to their highest levels since the 1930s, but recent bilateral agreements with the …
China has shipped its first-ever batch of domestically produced poultry hatching eggs to Tanzania, a move experts say could reshape livestock farming across East Africa. The shipment of 35,000 white-feathered “Guangming No. 2” broiler eggs departed Yunnan Province on Friday, marking a major milestone for China’s agricultural exports. The eggs, specially bred for meat production, …
Israeli shelling killed three Palestinians near a ceasefire line in Gaza on Monday, testing the fragile truce after a weekend of heavy fighting. At least 28 people died in Sunday’s Israeli strikes across the enclave, which Israel said were in response to a Hamas attack that killed two of its soldiers in Rafah. U.S. envoys …
The World Meteorological Organisation (WMO) has called for urgent action to close critical gaps in global early warning systems designed to protect communities from extreme weather and climate-related disasters, particularly in developing countries. Speaking at a special meeting in Geneva on Monday, WMO Secretary-General Celeste Saulo said early warnings are essential to saving lives and …
The U.S. Federal Reserve is preparing for its next policy meeting under an unusual cloud of uncertainty, with the ongoing government shutdown halting key economic data releases and leaving policymakers without a clear picture of the economy’s health. Official employment figures have not been published since the shutdown began on October 1, while limited private …
