Trump Raises Nigerian Import Tariffs to 15% Amid Escalating Trade Disputes
U.S. President Donald Trump signed an executive order on July 31 increasing tariffs on Nigerian imports from 14 to 15…
Category: International
EU Signals Tighter Scrutiny on Big Tech “Acquihire” Deals to Preserve Competition
The European Commission is ramping up scrutiny on Big Tech’s “acquihire” practices where companies hire start-ups’ key staff instead of…
Asian Markets Brace for Sharp Decline as US Tariffs Escalate Trade Tensions
Asian shares are on track for their worst weekly drop since April following the US government’s decision to impose steep…
Ghana, UK Renew Commitment to Stronger Trade Ties Under Partnership Agreement
Ghana is accelerating preparations to fully implement the Ghana–UK Trade Partnership Agreement (TPA) following key discussions with a visiting British…
Microsoft Commits Record $30 Billion to AI and Cloud Growth in Q3 2025
Microsoft has announced a historic $30 billion capital expenditure for Q3 2025, marking its largest quarterly investment to date. This…
Asian Markets Fall on Weak China Data, Strong Yen; Global Tariffs and BOJ Outlook Stir Investor Caution
Asian stocks declined on Thursday, weighed down by disappointing Chinese economic data and a sharp drop in copper prices. The…
OpenAI Reaches $12 Billion in Annualized Revenue Amid Rising User Base and Investor Confidence
OpenAI, the creator of ChatGPT, has seen a major revenue surge in 2025, reaching an estimated $12 billion in annualized…
Trump Tariffs Shake Indian Markets, Threaten Growth Outlook
Indian financial markets faced turbulence on Thursday after U.S. President Donald Trump imposed unexpectedly steep 25% tariffs on Indian goods.…
Global Markets on Edge as Trump’s Tariff Blitz Shakes Trade and Commodities
Markets are navigating a high-stakes week filled with major corporate earnings, economic data, and central bank decisions, all while preparing…
Microsoft and Meta Stocks Soar on Strong AI-Driven Earnings | Tech Shares Lead Market Rally
Tech giants Microsoft and Meta Platforms saw their shares surge in European trading on Thursday following exceptional quarterly earnings released…
ECB Warns China-U.S. Trade Rift Could Lower Euro Zone Inflation Below Target
A European Central Bank (ECB) blog post has warned that if China diverts its exports away from the United States…
Federal Reserve Holds Steady on Rates as Internal Divisions and Political Pressure Mount
The Federal Reserve is expected to maintain current interest rates following its meeting this week, echoing the stance taken in…
Google to Sign EU’s Voluntary AI Code Despite Concerns Over Innovation Risks
Alphabet-owned Google has agreed to sign the European Union’s new voluntary AI Code of Practice, a framework aimed at helping…
IMF Raises Nigeria’s 2025 GDP Growth Forecast to 3.4%, Calls for Urgent Reforms in Sub-Saharan Africa
The International Monetary Fund (IMF) has revised Nigeria’s 2025 GDP growth projection upwards to 3.4%, a 0.4 percentage point increase…
Italy Investigates Meta Over AI Tool Integration in WhatsApp
Italy’s antitrust authority has launched a formal investigation into Meta Platforms Inc. over its integration of an artificial intelligence assistant…
Asian Markets Waver Ahead of Fed Decision and U.S. Tariff Deadline
Asian markets were mixed on Wednesday as investors digested the lack of progress in U.S.-China trade negotiations and prepared for…
African Fintechs Dominate H1 2025 Start-Up Funding, Attracting $640M – Fintech Leads with 45% Share
In the first half of 2025, African fintech startups led the continent’s start-up funding landscape, securing approximately $640 million and…
IMF Maintains Nigeria’s 2025 GDP Growth at 3.4% Despite GDP Rebasing
The International Monetary Fund (IMF) has upheld its growth projection for Nigeria’s economy in 2025, maintaining a 3.4 percent expansion…
Meta’s Bold Superintelligence Gamble Faces Profit Pressure Amid AI Spending Surge
Meta Platforms is facing heightened scrutiny as CEO Mark Zuckerberg doubles down on a high-risk, high-cost bet to lead the…
Fitch: U.S. Tariffs Won’t Prompt Immediate EU Rating Cuts but May Worsen Economic Strain
Global ratings agency Fitch has stated that the recent sharp hike in U.S. tariffs on European Union (EU) imports will…
Japan–US Trade Deal Lowers Tariff Pressure but Economic Risks Persist, Cabinet Report Warns
Japan announced that its newly signed trade agreement with the United States has eased some of the uncertainty surrounding American…
Cybercriminals Exploit Google Forms in Sophisticated Crypto Phishing Scam — Kaspersky Warns
Cybercriminals have begun using Google Forms, a trusted Google tool, to launch an elaborate phishing scheme aimed at cryptocurrency holders,…
Treasury Yields Climb as Investors Await Fed Decision and Inflation Data
U.S. Treasury yields edged higher on Monday as investors braced for a busy economic week headlined by the Federal Reserve’s…
Microsoft Unveils AI-Powered “Copilot Mode” in Edge Browser to Rival Google and OpenAI
Microsoft has officially launched a new AI-driven feature called “Copilot Mode” in its Edge browser, aiming to enhance user experience…
AI Data Labeling Startup Micro1 Eyes $500M Valuation in Series A Fundraising
Micro1, a rising competitor to Scale AI, is reportedly nearing completion of a Series A funding round that would value…
European Stocks Climb as US-EU Trade Deal Calms Markets, but Euro Slips
European markets opened the week on a positive note after a long-awaited trade deal between the United States and the…
OpenAI CEO Raises Alarm Over Lack of Legal Privacy in ChatGPT Conversations
OpenAI CEO Sam Altman has issued a stark warning that interactions with ChatGPT are not legally protected and could potentially…
India Stays Calm Amid U.S. Trade Deadline Pressure, Leveraging Strategic Partnerships
As the August 1 deadline for a U.S.-India trade deal approaches—after which tariffs are set to rise to 26%, India…
U.S. and EU Strike 15% Tariff Deal, Sidestepping Trade War
In high stakes move that prevented a looming transatlantic trade war, the U.S. and European Union reached a framework deal…
Chinese AI Firms Unite to Build Homegrown Ecosystem Amid U.S. Export Curbs
Chinese artificial intelligence companies have formed two new alliances aimed at creating a robust domestic AI ecosystem, reducing reliance on…