The trade agreement between the United States and Indonesia is at risk of collapsing following renewed tensions over commitments made by Jakarta, according to a senior U.S. official. The official said Indonesia had backtracked on parts of the deal reached in July, noting that elements previously agreed upon are now being questioned. The remarks were …
For the first time in history, Africa is hosting the G20 Summit, as world leaders gather in Johannesburg, South Africa, under the theme “Solidarity, Equality, Sustainability.” The event marks a historic moment for the continent, offering Africa a chance to move from the sidelines to shaping global economic and political agendas. South African President Cyril …
Kenya could lose a vital economic lifeline as the African Growth and Opportunity Act (AGOA) is set to expire on September 30, ending the country’s duty-free trade access to the U.S. The apparel sector, which employs 66,000 Kenyans directly and supports nearly 660,000 livelihoods, would be hit hardest. The loss of AGOA would weaken Kenya’s …
By Esther Ososanya President Donald Trump’s steep new tariffs, some reaching 50%, hit U.S. trading partners with full force Thursday, triggering global fallout, defiant rhetoric, and scrambling negotiations from allies caught off guard. With duties now at their highest in a century, countries like Brazil, Switzerland, India, and Canada are reeling, while others race to …
By Esther Ososanya The number of Americans applying for new unemployment benefits fell unexpectedly last week, providing fresh evidence that the U.S. labour market remains resilient, even as job growth cools and businesses grow more hesitant about hiring. Initial jobless claims dropped by 4,000 to a seasonally adjusted 217,000 for the week ending July 19, …
