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Global financial leaders wrapped up an annual meeting of the International Monetary Fund and World Bank yesterday, by urging countries to brace for potential risks from trade disputes and other tensions.
The United States would have most to lose if it started a trade war with other countries, while China would be better off after retaliating, a simulation by the European Central Bank showed on Wednesday.
China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products.
US President Donald Trump is now considering a 25 per cent tariff on $200 billion in Chinese imports, rather than the 10 per cent previously touted, reports said Tuesday.
China will fight back firmly with “qualitative” and “quantitative” measures if the U.S. publishes an additional list of tariffs on Chinese goods, the commerce ministry said, accusing the U.S. of initiating a trade war.
Flash floods and landslides killed at least 12 people in central Vietnam, officials said Sunday, as hundreds of troops were dispatched to clean up destroyed villages and washed out roads.
Speaking further on OJukwu’s memorial, the Biafra leader disclosed that the widow of the late Nkemba, Iyom Bianca Ojukwu and other important personalities would grace the occasion.
Taliban officials have held three days of talks with the United States' special representative for Afghanistan in Qatar, Zalmay Khalilzad, aimed at renewing the peace process in the war-torn country, an official of the armed group said.
The internal crisis rocking the All Progressives Congress (APC) has taken a new dimension as Babatunde Ogala, national legal adviser of the party, has accused Adams Oshiomhole of hijacking his office.
Rivers State governor, Nyesom Ezenwo Wike, has eulogised mothers for their contributions to the upbringing of outstanding children who enhance societal growth.
The Senate says it would demand explanation on why the federal government wants to reduce the $8.1 billion fine imposed on the communication giant, MTN, to $800 million.
China has postponed the lifting of a ban on the trade of rhino horn and tiger parts for medicine and other uses.
The Police Command in the Federal Capital Territory (FCT) says it has arrested four suspected robbers in Abuja.
Thousands of drivers blocked roads across France on Saturday in a “yellow vest” movement against high fuel prices which has mushroomed into a widespread protest against stagnant spending power under President Emmanuel Macron.
The Commander, Sector 1, ‘Operation Delta Safe’, under the 6 Brigade Command of the Nigerian Army, Col. Alhassan Grema, has assured the indigenes within its area of responsibility of the cooperation of his men and officers in enhancing cordial relationship through its civil-military efforts.