Business

Top 10 African countries projected to earn highest revenue from export in 2025

Containers with goods ready for shipping. File Photo By The African Exponent According to recent data from the World Bank’s WITS platform, Sub-Saharan Africa’s total exports amount to approximately $396.4 billion. Some African countries on the list are raising their export revenue through the production and export of electrical and mechanical products. South Africa remains

Read More

Xi holds talks with Brunei’s Sultan

Chinese President Xi Jinping shakes hands with Sultan of Brunei Haji Hassanal Bolkiah Mu’izzaddin Waddaulah at the Great Hall of the People in Beijing, capital of China, Feb. 6, 2025. Xi held talks with Hassanal, who is on a state visit to China, in Beijing on Thursday. Photographer Huang Jingwen By Xinhua News Agency Chinese

Read More

Wall Street drops as Trump’s tariffs hit markets worldwide; Dow down 233 points

Financial Markets. Photographer Seth Wenig By The Associated Press Worries about President Donald Trump’s tariffs are hurting U.S. stocks Monday as financial markets worldwide drop on concerns about a potential trade war. The S&P 500 was down 1% in morning trading following worse losses for stock markets across Asia and Europe. The Dow Jones Industrial

Read More

EU criticizes U.S. tariff, vowing to “respond firmly” if targeted: spokesman

This photo taken on Jan. 29, 2025 shows the Berlaymont Building, the European Commission headquarters, in Brussels, Belgium. Photographer Meng Dingbo By Xinhua News Agency The European Commission on Sunday criticized U.S. President Donald Trump’s tariff imposed upon three countries, saying they disrupt global trade and are harmful to all, and vowing to hit back

Read More

China ‘firmly’ opposes US tariff move, vows countermeasures to protect interests

By Anadolu Agency China on Sunday “firmly” opposed the US announcement of a 10% tariff on Chinese exports, vowing to take countermeasures to safeguard its interests. “China’s position is firm and consistent. Trade and tariff wars have no winners. The US’s unilateral tariff hikes severely violate WTO (World Trade Organization) rules. This move cannot solve

Read More

Africa’s big copper countries set their sights on the profits of trade

A piece of malachite, a copper ore, is seen at the bottom of Congolese state mining company Gecamines’ Kamfundwa open pit copper mine January 31, 2013. Photographer Jonny Hogg/File Photo By Reuters Africa’s biggest copper producers, the Democratic Republic of Congo and Zambia, are working on deals to gain exposure to metal trading as a

Read More

Plan to get electricity to more Africans wins $8 billion in new pledges

Delegates attend the Africa Energy Summit in Dar es Salaam, Tanzania January 27, 2025. Photographer Emmanuel Herman/File Photo By Reuters An initiative to connect 300 million Africans to electricity in the next six years has won new pledges worth more than $8 billion from lenders including the Islamic Development Bank and the Asia Infrastructure Investment

Read More

New direct shipping route booster of China-Europe trade

Photo taken on Jan. 24, 2025 shows the “KAWA Ningbo” cargo ship of the “China-Europe Express” in Wilhelmshaven, Germany. The first container ship of the “China-Europe Express”, the fastest direct route connecting Europe and China’s Yangtze River Delta region, arrived at its destination at the Jade Weser Port in Wilhelmshaven on Friday. Photographer Shan Weiyi

Read More

Botswana expects 2025 economic growth rebound on better diamond market

Local workers queue to buy food at a makeshift food shops near a construction site of the Central Business District (CBD) in the capital Gaborone, Botswana, September 21, 2018. Photographer Siphiwe Sibeko/File Photo By Reuters Botswana’s economy is expected to grow 3% to 4% in 2025 after a contraction last year, a senior government official

Read More

Sterling dips after data shows slower UK economic growth

Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester, Britain, Septem,ber 21, 2018. Photographer Phil Noble/File Photo By Reuters The pound fell on Thursday after data showed the British economy grew more slowly than expected in November, which could give the Bank of England more room to

Read More