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 …
President Donald Trump on Thursday unveiled a sweeping round of new tariffs targeting key imports, including branded pharmaceuticals, heavy-duty trucks, and furniture, in what he described as a move to safeguard U.S. manufacturing and national security. The measures, announced on Trump’s Truth Social handle, include a 100% duty on branded drugs, 25% on heavy-duty trucks, …
By Esther Ososanya Global markets are watching closely as U.S. President Donald Trump and Russian President Vladimir Putin meet in Alaska later on Friday to explore a possible ceasefire agreement in Ukraine. The war, now Europe’s biggest conflict since World War Two, has upended energy markets, driven food prices to multi-year highs, battered European assets, …
By Esther Ososanya As the U.S. and China engage in a growing trade war, Africa is taking advantage of the situation to strengthen its economy and reduce dependency on foreign powers. Experts believe that these tensions could offer Africa a rare opportunity to increase its influence in global trade and investment. China has granted duty-free …
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 …
