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Oil prices slip on economy fears

Oil markets fell on Friday, pulled down by worries over a global economic slowdown, although Organisation of the Petroleum Exporting Countries (OPEC)-led supply cuts and U.S. sanctions against Venezuela provided crude with some support.
Xi Jinping and Donald Trump at their dinner in Buenos Aires. Kevin Lamarque-Reuters

US, China agree to trade war ceasefire, more talks

US President Donald Trump and China’s Xi Jinping agreed Saturday to suspend any new tariffs in the escalating trade war between the world’s two largest economies, even if huge existing duties will remain in place.
WASHINGTON, DC - OCTOBER 23: U.S. President Donald Trump answers questions during a meeting with military leaders in the Cabinet Room on October 23, 2018 in Washington, DC. Trump discussed a range of issues while press were in the room including current relations with Saudi Arabia, and the use of the U.S. military in protecting the borders of the United States. Win McNamee/Getty Images/AFP

Trump eyes more China tariffs, pushing total upwards of $500bn

US President Donald Trump said on Monday he expected to raise punitive tariff rates on hundreds of billions in Chinese imports as early as January 1, 2019.
The two countries imposed new tariffs on a massive amount of each other's goods mid-September [Greg Baker-AP]

China’s trade surplus with US widens to record $34 billion

Despite a worsening tariff war, China's trade surplus with the United States has widened to a record $34.1bn in September.

US approves possible sale of military parts to Taiwan

The US State Department is ready to sell a batch of military parts to Taiwan, officials said Monday, the same day President Donald Trump’s latest round of tariffs against Chinese imports took effect.
US President Donald Trump attends a joint press conference with the Russian President after a meeting at the Presidential Palace in Helsinki, on July 16, 2018. The US and Russian leaders opened an historic summit in Helsinki, with Donald Trump promising an "extraordinary relationship" and Vladimir Putin saying it was high time to thrash out disputes around the world. / AFP PHOTO / Brendan SMIALOWSKI

Donald Trump accuses China of trying to ‘impact’ US election with trade war

President Donald Trump on Tuesday accused China of seeking to influence upcoming US elections by taking aim at his political support base in the countries’ escalating trade war.

China vows countermeasures to new US tariffs

China said on Tuesday that it will take countermeasures to the United States President Donald Trump’s decision to impose new tariffs on 200 billion dollars worth of Chinese imports.
Pedestrians walk past the electronics stock indicator at the window of a security company in Tokyo on March 2, 2018. Tokyo stocks opened lower on March 2, taking a negative lead from Wall Street where shares tumbled after President Donald Trump vowed to enact steep tariffs on steel and aluminium imports, reviving fears of a trade war. / AFP PHOTO / Toshifumi KITAMURA

Asian markets sink on fresh trade fears after Donald Trump remarks

Hong Kong and Shanghai led a broad sell-off across most Asian markets Monday after Donald Trump threatened to impose tariffs on all Chinese imports, ramping up fears of an all-out trade war between the world's top two economies.
Chinese Foreign Ministry spokesman Geng Shuang (pic) attributed the arrest of Swedish bookseller Gui Minhai to the 'violation of Chinese laws', without further explanation. – EPA pic, February 6, 2018.

China: US ‘disappoints’ the world with trade war

China warned the United States on Thursday that upping the ante in a tit-for-tat trade war will "only serve to disappoint" the world as Washington threatened to raise the tariff rate on the next $200 billion of Chinese imports.

Blatant trade bullying will only backfire

On July 20, the United States threatened to impose tariffs on all US$500bn worth of Chinese imports. Earlier on July 6, the US announced to impose 25 per cent tariffs on US$34bn worth of Chinese goods. On July 11, the US further escalated by announcing a tariff list of Chinese products worth US$200bn.
Chinese Embassy in Washington

China issues US travel warning amid trade tensions

Chinese embassy in Washington has issued a security advisory to Chinese nationals traveling to the US, the latest of such warning as trade tensions escalate between the two countries.

Donald Trump threatens new round of $200 billion tariffs on Chinese goods

President Donald Trump has directed the US Trade Representative to prepare new tariffs on $200bn in Chinese imports as the two nations moved closer to a wider trade war, with Beijing promising retaliation.

Donald Trump triggers trade war with China

US President Donald Trump has ignited his trade war with China, slapping tariffs on tens of billions in Chinese imports and sparking immediate retaliation from Beijing.

Donald Trump announces tariffs on $50 billion in Chinese imports

US President Donald Trump on Friday announced tariffs of 25 percent targeting $50 billion in Chinese imports from “industrially significant” technologies, making good on a pledge to punish the alleged theft of American intellectual property.

Recent Stories

China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app.

Growing number of countries mull TikTok restriction over China links

US President Donald Trump looming TikTok ban may only be the beginning of the popular video app’s headaches, as a growing number of nations are becoming suspicious of its ties to China.
Shoppers leave the Shoprite store in Daveyton, South Africa May 23, 2018. REUTERS-Siphiwe Sibeko

NIPC: Shoprite move an opportunity for Nigerian investors

The announcement by Shoprite Holdings Limited, the South African supermarket chain operator, of a formal process to consider the potential sale of all or a majority stake in its Retail Supermarkets Nigeria Limited may be an opporunity for Nigerian investors, the Nigerian Investment Promotion Commission (NIPC) has said.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

House of Reps summons finance minister, predecessor over N1.7 trillion

The former Minister of Finance, Kemi Adeosun, and the incumbent Minister of Finance, Budget and National Planning, Zainab Ahmed, are expected to appear in person before the House of Representatives Committee on Public Accounts to give accounts on the sum of 1.7 trillion naira appropriated for the implementation of National Social Investment Programmes from 2016 to 2019.

Edo guber: INEC tenders apology to residents for not distributing voter cards

The Independent National Electoral Commission (INEC), in Edo State, has tendered apology to the residents of the state, especially those who turned 18 this year, for not being able to participate in the September 19 governorship election in the state.
Pope Francis speaking at the Vatican in February. Alessandra Tarantino-AP

Pope Francis names six women to Vatican economic council

Pope Francis has appointed six women to the Vatican's economic council, a first for the financial watchdog overseeing the administrative and financial structures of the Holy See.