Business

China moves swiftly to stabilize markets amid global financial turbulence

This photo taken on Oct. 8, 2024 shows the Shenzhen Stock Exchange in Shenzhen, south China’s Guangdong Province. Photographer Liang Xu By Xinhua News Agency In the face of global financial turbulence, China has unveiled a series of swift and intensive measures aimed at stabilizing the capital markets and restoring investor confidence. Affected by sweeping

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Trump signs order imposing reciprocal tariffs on countries worldwide

By Anadolu Agency US President Donald Trump signed an executive order Wednesday delivering on his long-promised vow to impose reciprocal tariffs on nations worldwide in a move that has sent markets sharply lower for months. A minimum baseline tariff of 10% will be imposed on all countries except Canada and Mexico, with higher sums charged

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Dollar steady as zero hour on Trump’s “Liberation Day” closes in

By Reuters The dollar firmed a touch and other currencies held in tight ranges on Wednesday as traders anxiously awaited details of U.S. President Donald Trump’splans for tariffs, which could upend the global trading system and shake financial markets. The euro last bought $1.0784 while sterling fetched $1.2907, both easing slightly ahead of a White

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Gold hits all-time high as Trump’s tariff plans stir inflation worries

Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. Photographer Angelika Warmuth/File Photo By Reuters Gold prices hit a record peak on Tuesday, as concerns that U.S. President Donald Trump’s reciprocal tariffs might fuel inflationary pressures and impede economic growth drove safe-haven

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Oil holds near one-month high, set for third week of gains amid supply woes

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. Drone Base/File Photo By Reuters Oil prices eased a touch but held near one-month highs on Friday as they headed for a third weekly gain on a tightening global supply outlook after the

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Top 10 mining companies in Africa’s natural resources sector 2025

A mining site in Gabon/File Photo By The African Exponent The African mining sector is a significant economic driver, hosting a large share of global mineral reserves and production, including cobalt, manganese, aluminium, and copper, with South Africa being a dominant player in the region. However, much of the mined minerals are exported in their

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Australia’s Gold Road Resources rejects $2 billion takeover offer from Gold Fields

A worker holds a gold bar at South Africa’s Gold Fields South Deep mine in Westonaria, 45 kilometres south-west of Johannesburg, South Africa, March 9, 2017. Photographer Siphiwe Sibeko/File Photo By Reuters Australian miner Gold Road Resources, opens new tab has rejected a A$3.3 billion ($2.07 billion) buyout offer from larger peer Gold Fields (GFIJ.J),

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Trump’s trade tariffs chill markets, upset businesses, consumers

A customer shops at a Target store in Rosemead, Los Angeles County, California, the United States, on March 4, 2025. Photographer Zeng Hui By Xinhua News Agency U.S. President Donald Trump’s tariff measures have served to not cheer but chill the capital market, businesses and consumers. The intensive and drastic shift in the White House’s

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Bank of England set to sit tight on rates as uncertainty mounts

A person eats near the Bank of England building in London, Britain, February 3, 2025. Photographer Toby Melville/File Photo By Reuters The Bank of England looks set to keep interest rates on hold on Thursday as it awaits the impact on the economy of U.S. President Donald Trump’s trade tariff onslaught and of the British

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Top 10 African billionaires shaping the economy

Founder and Chief Executive of the Dangote Group Aliko Dangote. Credit Photo Reuters By The African Exponent Who are the wealthiest and most influential business leaders in Africa? These billionaires are not just accumulating wealth—they are shaping industries, driving economic growth, and leaving a lasting impact. This ranking is based on their net worth, economic

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