Poised

In a highly anticipated announcement, the European Central Bank (ECB) is expected to lower interest rates by a quarter of a percentage point later today. This decision follows the recent inflation data for eurozone countries, which revealed a price increase of just 2.2% in March—a slight decline of 0.1% from February. As the cost of living inches closer to the ECB's target of 2%, there is a clear opening for the bank to implement a rate cut. If the ECB moves forward with this reduction, the main interest rate will decrease…

In recent times, the globalization of trade has become a hot topic, especially with Donald Trump's introduction of sweeping new tariffs that have sent ripples through the global market. "Trade wars are good, and easy to win," he once declared. But is it really so straightforward? Last week, the spotlight was on a potential meeting that could reshape US-Africa relations. This was indicated by Parks Tau, the South African Minister of Trade. Tau emphasized the hurdles that lie ahead, especially in trying to restore an…

In a recent announcement, Canadian Prime Minister Mark Carney expressed his intent to respond with undefined trade actions if U.S. President Donald Trump moves forward with new auto tariffs. These tariffs have not only escalated a global trade war but have also severely impacted stock markets. Last night, President Trump introduced a 25% tariff on imported vehicles, igniting international backlash and promises of retaliation from U.S. allies. Such measures have drawn considerable criticism, highlighting concerns over their…

Mark Carney, Canada's newly appointed Prime Minister, is positioned to announce a snap election date for April 28. This development is expected to ignite a vigorous campaign that will primarily center around Canada's response to the trade conflict initiated by U.S. President Donald Trump, as well as his provocative suggestions that Canada should become the 51st state. Having taken over from Justin Trudeau just last week, Mr. Carney is prepared to formally declare the election date this Sunday, as revealed by two government…

Aliko Dangote: Energizing Africa's Industrial Future Aliko Dangote stands at the forefront of business innovation in Africa. Known for spearheading the largest single-train oil refinery, his ambitious vision doesn't stop there. He's now set his sights on making Africa's biggest polypropylene production site a reality. Recognizing local demand and the untapped potential of the continent, Dangote's projects are nothing short of transformative. But what drives a man of such caliber to continuously push boundaries? Is it just…

Kenya and South Africa: Pioneers in Cashless Economy Transition In a world embracing digital convenience, Kenya and South Africa are staking their claim as leaders in transitioning towards cashless economies. This shift is bolstered by the widespread adoption of digital payment systems, mobile money, and contactless transactions. But what does this really mean for these nations, and could it signal the beginning of a worldwide trend? The global march towards a future where cash is a rare…

Imagine being a country with a burgeoning energy sector, only to face a sudden, jolting halt. This has been Egypt's narrative recently, as it navigates a precarious path in securing energy stability. The latest word from reliable corridors is that Egypt is deeply engaged in negotiations with Germany to lease a state-of-the-art liquefied natural gas (LNG) unit. Why now? They forecast a potential surge in demand in the upcoming months. Anticipating needs before they become exigencies is crucial, isn't it?…

MOGADISHU, Somalia - In a bold declaration of determination, a high-ranking security officer in Somalia has articulated the resolve of Northeastern State forces in their campaign against the ISIS militants entrenched in the Al-Miskaad mountains of the Bari region. With "Operation Hilaac"—translated as "Lightning"—set in motion, the officer confidently forecasts the eventual defeat of these militant factions. Recent days have seen the forces successfully displace the insurgents from Turmasaale, an area deemed strategically…

In a move that signals a deepening relationship between Europe and the United States, Michael McGrath, Ireland's EU Commissioner, has revealed that the European Union is eager to accelerate plans to procure additional oil and gas from the US. This strategic outreach comes on the heels of the Trump administration’s arrival and aims to forge stronger economic ties. As anticipation builds for President Donald Trump's virtual appearance at the World Economic Forum in Davos, McGrath shared his insights with RTÉ News. "It's a…

The President-elect of the United States, Donald Trump, recently indicated that he is inclined to grant TikTok a potential 90-day stay of execution, allowing the popular social media platform some breathing room after he assumes the presidency on Monday. This proclamation comes hot on the heels of a Supreme Court decision upholding legislation aimed at banning TikTok due to national security concerns tied to its Chinese parent company, ByteDance. A ban could potentially plunge the app into silence within a mere two days.…