Business

China’s top diplomat tours Africa with focus on strategic trade routes

Chinese Foreign Minister Wang Yi delivers delivers his speech at the opening ceremony of the Lanting Forum in Beijing, China, October 27, 2025. Photographer Maxim Shemetov By Reuters China’s top diplomat began his annual New Year tour of Africa on Wednesday, focusing on strategic trade access across eastern and southern Africa as Beijing seeks to

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Turkey’s defence, aviation exports cross $10B threshold in 2025

Turkey’s light combat aircraft, Hürjet, produced by Turkish Aerospace Industries (TAI), Ankara, Turkey, Dec. 30, 2025. AA Photo By Daily Sabah Turkey’s defence and aviation exports rose about 48% year-over-year to surpass $10 billion (TL 430 billion) in 2025, according to a top official on Saturday, thus breaking a new threshold for the sector. “We

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Turkey says Russia gave it $9 billion in new financing for Akkuyu nuclear plant

Turkish Energy Minister Alparslan Bayraktar speaks during a session of the Russian Energy Week international forum in Moscow, Russia, October 15, 2025. Photographer Ramil Sitdikov By Reuters Turkey’s energy minister said Russia had provided new financing worth $9 billion for the Akkuyu nuclear power plant being built by Moscow’s state nuclear energy company Rosatom, adding

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BP to sell 65% stake in Castrol to Stonepeak for $6 billion

Castrol motor oil bottles are seen in this illustration taken June 19, 2025. Dado Ruvic/Illustration/File Photo By Reuters BP, opens new tab has agreed to sell a 65% stake in its Castrol lubricants business to U.S. private equity firm Stonepeak for about $6 billion, a significant step in the oil major’s $20 billion divestment plan

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UK inflation slides to 3.2% before Bank of England rate decision

By Reuters British consumer price inflation fell unexpectedly sharply to 3.2% in November, its lowest since March, from 3.6% in October, official figures showed on Wednesday, a day before the Bank of England is widely expected to cut interest rates. A Reuters poll of economists had shown a median forecast of a fall to 3.5%

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Top 10 African Countries with the Highest Intra-African Export Volumes 2025

By The African Exponent This ranking of the top ten African countries with the highest intra African export volumes in 2025 offers a grounded view of where regional trade is growing fastest. It also shows how each country’s economic structure, export diversification and investment in logistics combine to determine its position. Together these leaders illustrate

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UK financial sector makes slow progress on preparations for new settlement system

Skyscrapers of the Canary Wharf commercial district are seen with The Shard building and construction cranes reflected in a perimeter glass wall of the viewing area of Garden at 120, in the City of London financial district, in London, Britain, September 23, 2025. Photographer Toby Melville By Reuters Four in 10 financial businesses in Britain

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Trading platform eToro beats profit estimates as retail investors ride market boom

The eToro logo is displayed on a screen during the company’s IPO at the Nasdaq Market, in New York City, U.S., May 15, 2025. Photographer Brendan McDermid By Reuters Stock and crypto trading platform eToro beat estimates for third-quarter profit on Monday as retail investors maintained their buying streak despite bubble worries, sending shares up

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Top 10 African countries with the most foreign direct equity inflows in 2025

By The African Exponent Foreign Direct Equity Inflows (FDEI) across Africa have undergone a notable transformation between 2024 and 2025, reflecting shifting investor priorities, macroeconomic resilience, and the continent’s growing relevance to global industrial and energy supply chains. The United Nations Conference on Trade and Development (UNCTAD) and other 2025 provisional data sources show that

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Turkey, UK sign $10.7B Eurofighter jet deal during Starmer’s visit

President Recep Tayyip Erdoğan and British Prime Minister Keir Starmer attend a ceremony where they signed an agreement for Eurofighter jets, Ankara, Oct. 27, 2025. DHA Photo By Daily Sabah Turkey and Britain have signed an 8-billion-pound ($10.7 billion) deal for the purchase of 20 Eurofighter Typhoon jets, further boosting bilateral defense cooperation between the

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