Zambia and the Democratic Republic of Congo (DRC), Africa’s largest copper producers, are intensifying efforts to capitalize on the growing global demand for copper. The metal, essential for renewable energy technologies and electric vehicles, has seen a surge in demand, prompting these nations to enhance their mining and trade strategies. Both countries are investing in […]
Starbucks and the Workers United union have announced the withdrawal of lawsuits filed against each other, signaling a potential thaw in their contentious relationship. The lawsuits, which included allegations of unfair labor practices and union-busting, had been a major point of conflict between the coffee chain and its employees. The decision to drop the lawsuits […]
President Donald Trump has revealed plans to impose tariffs on semiconductors, oil, and gas imports as part of his “America First” trade policy. The proposed tariffs, ranging from 20% to 30%, aim to reduce reliance on foreign suppliers and boost domestic production. The announcement has drawn criticism from industry experts, who warn that the tariffs […]
President Donald Trump is reportedly working on an executive order to impose steep tariffs on imports from Mexico, Canada, and China. The proposed tariffs, which could range from 15% to 30%, are aimed at protecting domestic industries and addressing trade deficits. Key sectors targeted include automotive, steel, and electronics. The announcement has sparked concern among […]
Gold prices soared to an unprecedented high on January 31, 2025, with spot gold reaching $2,799.71 per ounce before stabilizing at $2,793.84. The surge is linked to investor anxiety following President Donald Trump’s declaration of a 25% tariff on imports from Mexico and Canada. As geopolitical tensions rise, gold’s appeal as a safe-haven asset strengthens. […]
Bitcoin and cryptocurrencies are stepping into the spotlight as major contributors to Nasdaq 100’s performance, challenging the long-held dominance of big tech companies. Analysts suggest that the increasing integration of digital assets into traditional financial frameworks is reshaping the landscape of the index. Previously led by tech powerhouses like Apple, Microsoft, and Amazon, the Nasdaq […]
Apple announced a 4% year-over-year increase in its first-quarter revenue, driven by its high-performing Services division, which grew 14% and reached $26.34 billion. However, iPhone sales underperformed, and China sales dipped 11.1%, marking significant challenges for the company. Q1 Financial Highlights CEO Tim Cook attributed the decline in China sales to delayed rollout of the […]
Tariff Threats Lift Oil Prices Oil prices edged higher on Friday as markets weighed U.S. President Donald Trump’s proposed tariffs on Canadian and Mexican exports. Brent crude futures for March gained $0.61 to $77.48 per barrel, while U.S. WTI crude rose $0.65 to $73.38. Despite this uptick, weekly losses loom, with Brent and WTI down […]
Strategic Energy Partnership In a bid to strengthen U.S. relations, Japan is considering involvement in a $44 billion Alaskan gas pipeline project. The initiative could be a key agenda item during Prime Minister Shigeru Ishiba’s upcoming meeting with President Trump, as Tokyo seeks to mitigate trade deficits and avoid tariffs. Weighing Viability The proposed pipeline […]
Currency Clash: U.S. Dollar vs BRICS Ambitions On Thursday, Donald Trump issued a stern warning to BRICS nations, threatening to impose 100% tariffs if they pursue the creation of a new currency to rival the U.S. dollar. The former president called on the bloc, which includes Brazil, Russia, India, China, and South Africa, to abandon […]