By Esther Ososanya The UK arm of popular jewellery retailer Claire’s is on the brink of collapse, with more than 2,150 jobs now in jeopardy after the company confirmed it is set to enter administration. Claire’s Accessories UK Ltd, which operates 306 stores across the UK and Ireland, has filed a notice of intention to …
By Esther Ososanya Global stock markets soared to unprecedented levels on Wednesday, buoyed by softer-than-expected U.S. inflation figures and mounting investor confidence that the U.S. Federal Reserve will deliver a much-anticipated interest rate cut in September. The MSCI All Country World Index, a benchmark tracking shares across 47 countries, climbed 0.4% to a record 951.74 …
By Esther Ososanya The Federal Reserve is almost certain to cut interest rates in September after fresh inflation data showed prices rising at a moderate pace in July, with Treasury Secretary Scott Bessent hinting a surprise half-point reduction was on the table. Traders in federal funds futures are now pricing a 99.9% probability of a …
By Esther Ososanya U.S. manufacturers are increasingly turning to artificial intelligence to manage supply chains and protect profit margins as global trade tensions escalate. From unpredictable tariffs under President Donald Trump to sudden export bans, companies are betting on AI to stay lean and agile without overstocking warehouses. For The Toro Company, a Minnesota-based lawnmower …
By Esther Ososanya Air India will suspend services between New Delhi and Washington, D.C., from September 1, blaming a shortage of aircraft due to planned upgrades to its ageing Boeing fleet and the ongoing closure of Pakistan’s airspace. The move comes as the airline faces intensified regulatory oversight following a June crash in Ahmedabad that …
By Esther Ososanya Palestinians reported the most intense bombardments in weeks on Monday in eastern Gaza City, just hours after Israeli Prime Minister Benjamin Netanyahu said he expected to complete a new expanded offensive against Hamas “fairly quickly”. An airstrike killed six journalists, including prominent Al Jazeera correspondent Anas Al Sharif, in a tent at …
By Esther Ososanya Nvidia and AMD have agreed to give the U.S. government 15% of revenue from sales to China of advanced computer chips, a U.S. official said on Sunday, in an unusual move likely to unsettle U.S. companies. U.S. President Donald Trump's administration halted sales of H2O chips to China in April, but Nvidia …
By Esther Ososanya The Trump administration has urged multiple countries to oppose any global treaty that limits plastic production. This position puts the U.S. directly at odds with more than 100 countries pushing for ambitious action against plastic pollution. In a communication dated July 25, U.S. officials stated they would not support production caps, bans …
By Esther Ososanya A meeting between U.S. President Donald Trump and Russian President Vladimir Putin has been agreed to “in principle,” according to Kremlin foreign affairs adviser Yuri Ushakov. The summit could happen as early as next week, just as a White House deadline approaches for Moscow to show tangible steps toward ending the war …
By Esther Ososanya Brazil’s former President Jair Bolsonaro has been placed under house arrest following a Supreme Court order on Monday, intensifying political turmoil in South America and drawing sharp international rebuke, especially from the United States, where President Donald Trump has thrown his weight behind Bolsonaro’s defence. The dramatic ruling came from Supreme Court …
