Economy

155 Articles
Economy

EU suggests measures to protect steel industry, alarming UK manufacturers

The European Union has proposed substantial changes to its steel import policies to boost domestic production and tackle global overcapacity. Key aspects of...

Economy

African trade bloc COMESA introduces digital payment system.

The Common Market for Eastern and Southern Africa (COMESA) has launched a Digital Retail Payments Platform (DRPP) designed to enhance cross-border trade among...

Economy

Stocks inch upward as markets consider effects of potential US shutdown

Global stock markets saw modest gains as investors assessed the implications of a U.S. government shutdown that began on October 1. The MSCI...

Economy

Thousands of jobs threatened in Africa as US trade agreement comes to an end

The African Growth and Opportunity Act (AGOA), a critical U.S. trade agreement granting duty-free access to American markets for eligible African countries, is...

Economy

Trump Administration Backs One-Year Extension of Africa Trade Program

The Trump administration has announced support for a one-year extension of the African Growth and Opportunity Act (AGOA), which offers duty-free access to...

Economy

South Africa and China to Promote Investment Following Increase in US Import Tariffs

In response to the United States’ recent imposition of a 30% tariff on South African imports, South Africa and China are actively working...

EconomyWorld

EU Economy Lags Behind Global Competitors Due to ‘Complacency’, Warns Mario Draghi

Mario Draghi has warned that the European Union’s economic competitiveness is declining due to complacency and political inaction. A year after the European...

EconomyWorld

Federal Reserve Divided on Interest Rate Cuts

The Federal Reserve is set to make its first interest rate cut of 2025, with a 0.25 percentage point reduction expected in the...

EconomyWorld

Europe’s Upcoming Major Challenge: Bridging the Energy Security Gap

Europe is facing a significant challenge in addressing its energy security divide, which has become increasingly apparent in recent years. The European Union...

Economy

South Africa Dispatches Delegates to the U.S. for Trade Negotiations During Tariff Disagreement

South Africa has sent government representatives to the United States for trade negotiations aimed at reducing a recently imposed 30% tariff on its...