Aluminium prices in the United States have surged to record levels, far exceeding what import levies and transport costs alone would justify. Tight global supplies, combined with tariffs and low domestic inventories, are driving the spike. Used extensively in automotive, aerospace, packaging, and construction industries, aluminium’s rising costs are pushing up manufacturing expenses, squeezing margins, …
Britain is preparing measures to soften the impact of a planned business rates increase on pubs, following warnings from hospitality groups that the tax hike could force closures. Pubs, long central to communities across the UK, sought relief after Finance Minister Rachel Reeves announced changes to business rates—a property tax on commercial premises during her …
Companies worldwide found it harder to do business in 2025 due to declining global cooperation on trade, climate, technology, and security, according to a survey published by the World Economic Forum (WEF) on Thursday. Released ahead of the WEF’s annual Davos gathering, the online poll of 799 executives across 81 economies showed that 43% reported …
Zambia has withdrawn request for a one-year extension of its Extended Credit Facility (ECF) with the International Monetary Fund (IMF), the Fund confirmed on Wednesday with no reason provided for the reversal. The ECF, agreed in 2022, aimed to help Zambia stabilize its finances after defaulting on international debt in 2023. A one-year extension would …
The Federal Competition and Consumer Protection Commission (FCCPC) has listed 521 digital lending companies under its regulatory oversight as Nigeria’s digital credit sector faces stricter enforcement. The January 5, 2026, deadline for full compliance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 has now passed. Of the 521 companies, 457 have full …
President Bola Tinubu has commended corporate Nigeria, market operators and investors for pushing the Nigerian Exchange (NGX) past the ₦100 trillion market capitalisation milestone. The President described the achievement as a source of inspiration for participants in the money and capital markets. He made the remarks in a statement issued on Thursday by his Special …
Company executives, customs brokers, and trade lawyers are preparing for a potential Supreme Court ruling on the legality of President Donald Trump’s global tariffs, which could trigger a fight over up to $150 billion in refunds for duties already paid. The tariffs, imposed under the International Emergency Economic Powers Act (IEEPA) of 1977, have faced …
Chinese smartphone maker Realme announced on Wednesday that it will be integrated into Oppo as a sub-brand. The move aims to pool resources and reduce costs for both companies, which share the same parent firm. Realme, known for its smartphones in India, Southeast Asia, and Europe, is owned by Chinese consumer electronics giant BBK Electronics, …
The United States attempted to seize a Russian-flagged tanker linked to Venezuela on Wednesday, escalating tensions in Latin America and straining relations with Moscow. The move is part of President Donald Trump's push to control oil flows in the region and pressure Venezuela’s government to cooperate with U.S. interests. The U.S. Coast Guard and military …
Samsung Electronics (005930.KS) announced on Wednesday that it will acquire 2.5 trillion won ($1.73 billion) of its own shares to fund employee and executive compensation. The purchases will be made on the stock market between January 8 and April 7, according to a regulatory filing. This buyback is part of a performance-linked compensation scheme that …
