trade

Discussions between Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump are anticipated to focus significantly on the recently imposed US tariffs on Israel, alongside the rising tensions with Iran. Netanyahu marks a notable moment as the first foreign leader to hold a meeting with the US President at the White House since Trump announced considerable tariffs on multiple countries last Wednesday during his "Liberation Day" address. Arriving in Washington directly following a visit to Hungary, Mr.…

"A PhD in Econ from Harvard is a bad thing, not a good thing," declared Elon Musk, the CEO of both Tesla and SpaceX. These words weren’t spoken in passing; they were shared in a social media post, sparking curiosity and raising a few eyebrows. "Results in the ego/brains>>1 problem," Musk appended in his characteristically concise style. This got many of us scratching our heads, questioning what underlies this bold assertion.…

On Thursday morning, UK Prime Minister Keir Starmer convened a roundtable discussion with business leaders, focusing on the implications of "Liberation Day". During his remarks to the media, Starmer's tone was noticeably more assertive. "Last night, the President of the United States acted for his country, and that is his mandate. Today, I will act in Britain's interests," he stated, conveying a sense of determination. Following former President Donald Trump's decision to impose a 10% tariff on the UK and a 25% tariff on…

In a fervent appeal to his fellow leaders across the African continent, President Paul Kagame of Rwanda has spotlighted the imperative of incorporating artificial intelligence (AI) into Africa’s roadmap for the future. He emphasized that the stakes for Africa are monumental, warning that if strategic measures are not implemented, the continent risks falling further behind in an era defined by technological advancement. Kagame articulated a compelling vision during a recent summit, asserting that Africa "urgently" requires…

President Donald Trump's sweeping tariffs on US imports have ignited tensions and threats of retaliation from various companies and governments, as they scramble to assess the implications of a trade war that might alter global alliances. As former President Trump stated, “We have to bring back our jobs,” emphasizing the administration’s focus on domestic employment. The tariffs announced recently have stirred significant volatility in world markets and invited criticism from international leaders, marking what some…

Since its inception in 2000, the African Growth and Opportunity Act (AGOA) has been an essential pillar of the U.S.'s economic strategy to foster trade and engender goodwill with the nations of Africa. AGOA is not merely an economic policy—it is a bridge of mutual opportunity extending across oceans. By granting eligible sub-Saharan African countries duty-free access to the U.S. market, AGOA extends its hand to over 1,800 products. This adds to the more than 5,000 products that already…

Imagine a place rich with minerals, a land that holds the keys to future technologies. This is the Democratic Republic of Congo, a nation blessed with enormous reserves of cobalt, lithium, and uranium. It's here where the United States is setting its sights, engaging in high-stakes discussions to inject billions of dollars in investment while hoping to contribute to the resolution of ongoing conflicts plaguing the country's eastern region. The Congolese government has been grappling with the persistent threat…

European shares experienced a substantial decline today, marking their steepest loss in eight months. The drop comes amidst rising concerns that an intensifying trade war could hinder economic growth, particularly following the significant tariffs announced by U.S. President Donald Trump. The CAC in Paris closed down 3.3% at 7,598, while Frankfurt's DAX dropped 3% to 21,700. London's FTSE index fell by 1.55% to settle at 8,474. Additionally, Dublin's ISEQ index saw a decline of over 2%, closing at 10,145. In the lead-up to…

The recent recovery of 258 victims from the 1994 Genocide against the Tutsi, as reported by Ibuka, the genocide survivors' association, has cast a somber shadow over Ngoma Sector in Huye District. This initiative to unearth long-buried truths began a fortnight ago, specifically in Matyazo Cell, Kamucuzi Village, where the harrowing discovery of four bodies was made within an abandoned pit latrine. Such sites, once commonplace due to the heinous acts that took place there, bear witness to unspeakable tragedies. The unearthed…

In recent developments, Ghana is embarking on an ambitious journey toward an energy transformation. In a nation where renewable energy currently comprises a mere 1% of the overall energy mix, authorities have set a target to elevate this figure to 10% by 2030. A striking step in this direction is the installation of a pioneering floating solar project on the expansive Volta River, a symbolic endeavor that showcases the ingenuity of Ghanaian engineers. Minister of Energy and Green Transition John Jinapor proudly declared…