China did not import any soybeans from the United States in September, the first time since November 2018, as escalating trade tensions and high tariffs pushed buyers toward South American suppliers. According to data from China’s General Administration of Customs, imports from the U.S. fell to zero from 1.7 million metric tons in the same …
U.S. President Donald Trump has warned that India will continue to face “massive” tariffs if it does not halt imports of Russian oil, reigniting trade tensions between Washington and New Delhi. Speaking to reporters aboard Air Force One on Sunday, Trump claimed that Indian Prime Minister Narendra Modi had assured him that India would stop …
China’s economy expanded by 4.8% in the third quarter, its weakest pace in a year, as sluggish domestic demand left the country leaning heavily on exports to sustain growth. Analysts warn that this growing dependence on foreign markets amid a deepening trade dispute with the United States could threaten China’s economic stability in the medium …
Despite reforms aimed at improving the commercial viability of the Nigerian electricity market, the sector continues to reel under the burden of subsidy obligations incurred by the federal government. Pinnacle Daily’s analysis of the Nigerian Electricity Regulatory Commission’s quarterly reports reveals that the federal government has incurred an electricity subsidy obligation of approximately ₦3 trillion …
Indian quick-commerce platform Zepto announced on Thursday that it has raised $450 million, pushing its valuation to $7 billion. Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto specializes in ultra-fast grocery delivery, promising delivery times as short as 10 minutes. The company operates over 250 “dark stores” across major Indian cities, enabling quick …
Sudan’s oil industry has suffered a 94% collapse since South Sudan’s independence in 2011. Finance Minister Gibril Ibrahim said the country’s output dropped from 500,000 barrels per day to just 30,000 barrels in a decade and half. Ibrahim revealed the figures during the Russian Energy Week Forum in Moscow, where delegates from 84 countries gathered …
Brazil’s economic activity rose 0.4% in August compared with the previous month, falling short of the 0.6% increase economists had forecast, according to data from the central bank’s IBC-BR index released Thursday. The index, which serves as a monthly proxy for GDP, combines estimates from agriculture, industry, services, and production-related taxes. Only the agriculture sector …
China on Thursday accused the United States of stirring unnecessary alarm over its rare earth export controls. The country also rejected Treasury Secretary Scott Bessent’s critical remarks about top Chinese trade negotiator Li Chenggang. The official People’s Daily released a seven-point rebuttal, defending Beijing’s measures. U.S. officials had suggested that removing the controls could prevent …
Across Nigeria’s capital city, the dream of living close to work is fast slipping away. The recent spike in house rents across Abuja has triggered an exodus of residents from central districts to far-flung areas, as landlords adjust their prices in response to inflation, rising building costs and, in some cases, sheer greed. For many, …
America’s small businesses are bracing for a rough patch. According to new data released by the National Federation of Independent Business (NFIB), confidence among U.S. small business owners fell sharply in September, as inflation worries, tariff pressures, and growing policy uncertainty weighed heavily on Main Street. The NFIB Small Business Optimism Index dropped 2.0 points …
