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

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

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),

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

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

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

By Xinhua News Agency U.S. President Donald Trump said Monday that 25 percent tariffs on Mexico and Canada will take effect on Tuesday, March 4. “Very importantly, tomorrow, tariffs, 25 percent on Canada and 25 percent on Mexico, and that’ll start,” Trump told reporters at the White House. “What they have to do is build

U.S. President Donald Trump speaks during a press conference at the White House in Washington, D.C., the United States, Feb. 4, 2025. Photographer Hu Yousong By Xinhua News Agency While tariffs would raise revenue, they would reduce GDP growth and actually hurt the U.S. economy, an economist said. U.S. President Donald Trump on Thursday signed

Some African countries are homes to some of world’s leading oil reserves/File Photo By The African Exponent Deep Dive What does it mean to be one of Africa’s oil giants? It’s not just about how much crude is underground—it’s about production, infrastructure, and how well a country manages its reserves. Some African nations sit on

Flags of the European Union fly outside the Berlaymont Building, the European Commission headquarters, in Brussels, Belgium, Jan. 29, 2025. Photographer Meng Dingbo By Xinhua News Agency The European Commission on Monday rejected the rationale for new U.S. tariffs on European exports, vowing to protect businesses, workers, and consumers across the bloc. The statement came