A group of African countries is set to launch a bank to fund oil and gas projects amid growing reluctance by Western institutions to further invest in fossil fuels. The long-planned “Africa Energy Bank” that is expected to take off soon was announced last June as a joint initiative by the African Export-Import Bank (Afreximbank) … Read more
Hours before Indian Prime Minister Narendra Modi’s visit to the White House, President Donald Trump announced that the United States would levy reciprocal tariffs on its trading partners. It could hardly have come at a tougher time for India, which is already pressed by a slowing economy and sluggish demand. At a joint news conference, … Read more
United States President Donald Trump has announced plans to impose 25 percent tariffs on all steel and aluminium imports, and reciprocal tariffs on countries levelling duties on US goods. On Monday, during a signing ceremony at the Oval Office, Trump announced the tariffs on foreign steel and aluminium were to be imposed “without exceptions or exemptions”. … Read more
The case is part of a grudge match between Musk and OpenAI CEO Sam Altman which is playing out in court. A United States federal judge has said that parts of Elon Musk’s lawsuit against OpenAI to halt its conversion to a for-profit entity might go to trial, adding that the Tesla CEO will have … Read more
United States stocks are at their lowest level since President Donald Trump was sworn in two weeks ago, and other global financial markets slumped after he ordered tariffs on Canada, Mexico and China while world leaders responded to his threats to expand tariffs to the European Union as well. The benchmark S&P 500 on Monday … Read more
NewsFeed “We will always defend the dignity of our people.” Mexico’s President Claudia Sheinbaum and Canada’s Prime Minister Justin Trudeau say they are ready to respond should Trump move forward with his threat to impose 25% tariffs as soon as Saturday. Published On 31 Jan 202531 Jan 2025
Donald Trump has held off on tariffs during his first day as the president of the United States and is placing a big bet that his executive actions can cut energy prices and tame inflation. But it’s unclear whether his orders will be enough to move the US economy as he promises. As a candidate, … Read more
In one suit, multiple witnesses are cited as having seen a fire at the base of a transmission tower owned by the utility. Southern California Edison, a unit of utility Edison International, has been hit with multiple lawsuits claiming its electrical equipment started one of the major wildfires raging in the Los Angeles area, according to … Read more
Former Trump adviser tells Italian newspaper that Tesla CEO intends to implement ‘techno-feudalism on a global scale’. United States President-elect Donald Trump’s former adviser Steve Bannon has promised to have Elon Musk “run out” of the White House, in the latest escalation of tensions within the MAGA (Make America Great Again) populist movement. In an … Read more
Singapore Prime Minister Lawrence Wong says most workers have seen wages outpace inflation. Singapore’s economy grew 4 percent in 2024, comfortably beating forecasts, according to preliminary government figures. Gross domestic product (GDP) expanded 4.3 percent in the October-December period, Singapore’s Ministry of Trade and Industry said on Thursday, lifting full-year growth to its strongest performance … Read more