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 …
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 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 …
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 …
Botswana has introduced a new rule aimed at increasing local ownership in the mining sector, as part of broader efforts to ensure citizens benefit more directly from the country’s mineral wealth. The change, which amends the Mines and Minerals Act, previously gave the state the right to buy a 15% shareholding in any mining concession. …
Wall Street traders and global investors were left without one of their most important economic signals on Friday after the U.S. government shutdown forced the delay of the monthly nonfarm payrolls report. For decades, the report has been considered the single most influential data release on the U.S. economy, guiding decisions across markets from stocks …
The Presidency has said former President Goodluck Jonathan is free to contest the 2027 general election but warned that Nigerians will not forget what it described as his “dismal record” in office. Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, made the remarks in a statement on Monday in Abuja while …
The Federal Government has declared that Nigeria is on the right path under the leadership of President Bola Ahmed Tinubu as the nation marks its 65th Independence anniversary. The Secretary to the Government of the Federation, Senator George Akume, and the Minister of Information, Mohammed Idris, made the remarks on Monday at a World Press …
Vice President Kashim Shettima has restated the Federal Government’s determination to place micro, small, and medium enterprises (MSMEs) at the heart of Nigeria’s economic renewal agenda. He described MSMEs as the “lifeblood of the nation’s economy,” constituting about 80 per cent of businesses in the country. Shettima stated this while delivering his remarks at the …
