Global oil prices climbed sharply to nearly $117 per barrel on Monday as tensions in the Middle East intensified, with the United States reportedly considering ground military operations against Iran. The surge follows renewed missile exchanges between Israel and Iran, heightening fears of a broader regional conflict that could further disrupt global energy supplies. Iran …
The United States will press its allies to move faster in reducing reliance on China for rare earths and other critical minerals. Treasury Secretary Scott Bessent will lead talks with senior finance officials this week, a U.S. official said. The meeting begins with a dinner on Sunday and continues on Monday. It will include ministers …
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 …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Monday reaffirmed the country's commitment to stabilising the economy and enabling sustainable, private-sector-led growth. He spoke on this at the US–Nigeria Executive Business Roundtable. He said Nigeria is committed to rules-based economic management, transparent markets, and predictable policy frameworks, against a backdrop of …
Switzerland may need to get used to U.S. tariffs, a top Swiss trade negotiator said Tuesday. The statement follows a new deal that aligns Swiss tariffs with those of the European Union. In August, President Donald Trump imposed a 39% tariff on Swiss goods, the highest in Europe. Last month, Bern and Washington agreed to …
Global currency markets opened the week cautiously, with the U.S. dollar inching higher against the euro, yen, and sterling as investors positioned themselves ahead of a busy week of U.S. economic data. Market response to President Donald Trump’s tariff reversal on over 200 food products was muted, with analysts noting that the move was largely …
The International Monetary Fund (IMF) has concluded its latest mission to Senegal without finalizing a new lending programme, though discussions are still ongoing. Mission Chief Edward Gemayel confirmed that negotiations would continue in the coming weeks, noting that Senegal’s government was committed to restoring fiscal discipline after uncovering billions of dollars in unreported debt left …
Gold’s rally shows no sign of slowing down as analysts predict the precious metal will hit record levels next year. Data shows 39 analysts and traders forecast an average gold price of $4,275 per ounce in 2026, the first time projections have crossed the $4,000 mark. For 2025, analysts expect prices to average $3,400 per …
Gold prices soared beyond $4,000 per ounce for the first time in history on Wednesday as investors rushed to the safe-haven asset amid global economic and geopolitical tensions, as well as expectations of U.S. interest rate cuts. Spot gold climbed 1.3% to $4,034.59 per ounce by 09:31 GMT, while U.S. gold futures for December delivery …
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 …
