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News
Trump administration to lend $100 million to telecoms firm Africell, countering Huawei in Africa
7+ hour, 10+ min ago (350+ words) The Trump administration will lend nearly $100 million to Africell, Africa's only American-owned telecoms firm, as the U.S. seeks to thwart the expansion of China's Huawei in Africa, according to a press release and a person familiar with the matter. The loan…...
Oil, gas and borrowing costs surge as fears over Middle East escalate
3+ day, 12+ hour ago (462+ words) The price of oil has jumped to $105 a barrel amid signs the conflict in the Middle East will not be resolved quickly, fuelling fears that inflation could accelerate. With the conflict between the US and Iran in the Gulf intensifying…...
Brent crude rises above $100 a barrel as Middle East conflict intensifies
5+ day, 1+ hour ago (431+ words) Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, hitting a more than six-week high and breaching the symbolic threshold for the first time since July 24 as intensifying conflict in the Middle East heightened concerns about oil flows…...
Canada's retaliatory tariffs take effect as US trade talks stall
6+ day, 6+ hour ago (451+ words) Canada's retaliatory tariffs on U.S. goods took effect just after midnight on Tuesday as Prime Minister Mark Carney increased economic pressure on his country's biggest trading partner after negotiations collapsed last month, intensifying an 18-month-old trade war. The counter-tariffs cover $20 billion…...
Trump threatens to stop sale of Canadian Bombardier jets in US
6+ day, 6+ hour ago (492+ words) President Donald Trump has warned Canadian aircraft company Bombardier that it can no longer sell in the US unless it moves its manufacturing there. "NO MORE SELLING BOMBARDIER IN THE UNITED STATES!" Trump wrote in a Truth Social post on…...
France targets Shein and Temu with fast fashion fees
1+ week, 5+ day ago (426+ words) France has begun imposing fees on fast-fashion items, which could reach almost €20 per garment by 2030, as the government tries to curb sales of cheap clothing on e-commerce sites. The levy, which came into force on Tuesday, follows a new law…...
Trump says US will refill Strategic Petroleum Reserve using Venezuelan oil
2+ week, 15+ hour ago (200+ words) MyJoyOnline Receive news updates on the go. Trump says US will refill Strategic Petroleum Reserve using Venezuelan oil U.S. President Donald Trump said on Sunday that oil from a recently struck deal with Venezuela will be used to replenish the Strategic…...
Trump hails 'historic' deal for US to control 65bn barrels of Venezuela's oil
2+ week, 2+ day ago (525+ words) The US has reached a deal with Venezuela to control more than 65 billion barrels of its proven oil reserves, President Donald Trump announced. Venezuela's interim President, Delcy Rodriguez, hailed the agreement as one that would help her nation's economic revival....
Oil drops more than $2 despite new US sanctions on Iran
2+ week, 6+ day ago (473+ words) Oil prices slipped more than $2 a barrel on Monday as investors took profits after recent gains and shrugged off new U.S. sanctions on Iran. Brent crude futures settled down $2.22, or 2.35%, to $92.17, while U.S. West Texas Intermediate crude fell $2.05 a…...
Oil falls ahead of US announcement on new Iran sanctions
3+ week, 7+ hour ago (328+ words) Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of an expected announcement from Washington about imposing more sanctions on Iran that may further disrupt supplies from the Middle East. Brent crude futures fell $1.22, or…...