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IMF: US, China trade war threatens global growth

Ongoing trade war between the United States (U.S.) and China over tariff hike could slash global economic output by 0.5 per cent next year, the International Monetary Fund (IMF) warned yesterday. The warning is coming ahead the meeting of global finance leaders in Japan this weekend.
Spanish Foreign Minister Josep Borrell

Spain lashes out at Donald Trump over Cuba, Venezuela

Spain’s foreign minister on Wednesday lashed out at Washington’s decision to lift a ban on lawsuits in US courts over property confiscated by Cuba, calling the move an “abuse of power” that would lead to a “legal battle”.
European Union flags are seen outside the EU Commission headquarters in Brussels, Belgium November 14, 2018. REUTERS-Francois Lenoir-File Photo

No breakthrough expected in EU-China summit

Top EU leaders meet Chinese Premier Li Keqiang this week at a summit in Brussels, but their hopes of winning solid commitments on trade look set for disappointment.
At least 42 people died in the attack, the deadliest in Kashmir in more than two decades [AFP]

India warns Pakistan of a ‘strong response’ for Kashmir attack

India's Prime Minister Narendra Modi has promised a "strong response" one day after at least 42 troops were killed in Kashmir, with New Delhi calling for "the complete isolation of Pakistan" for harbouring the armed group behind the devastating attack.

Official: Nigeria to host 5th Agro-food expo

Eight countries are expected to participate in the fifth Agro-food and Plastprintpack Nigeria 2019, aimed at providing solutions to the challenging needs of the entire agricultural value chain.
Liu He

China, Germany strengthen financial cooperation

China and Germany held their second High Level Financial Dialogue in Beijing on topics including the global macroeconomic situation, economic governance, China-Germany strategic cooperation, financial cooperation and financial supervision.
Greg Clark

UK minister breaks ranks with no-deal Brexit warning

Britain’s business minister on Thursday warned that the prospect of crashing out of the European Union without an agreement would be “disastrous” for the country, as fractious MPs prepare to vote on a contentious Brexit deal.
The Asian Cup kicked off in the UAE on Saturday and will run until February 1 [Hassan Ammar-AP]

AFC vows legal action over pirate beoutQ broadcasting Asian Cup

Organisers of the 2019 football Asian Cup have vowed to take legal action against pirate company, beoutQ, for illegally broadcasting its matches in an ongoing piracy row in the Gulf region.
US, Chinese leaders in Buenos Aires

China, US announce tariff ceasefire

The United States and China have announced a ceasefire in their tariffs war, hours after US President Donald Trump upended another international forum by snubbing G20 action on trade disputes and climate change.
fry or chip

Belgium, Colombia at war over tariff on chips

Belgium, the self-proclaimed inventor of the French fry or chip, urged Europe on Friday to help it fight a tariff slapped on its iconic export by Colombia.
United Nations UN

ECA: Nigeria to host Africa Trade Forum 2018

The United Nations Economic Commission for Africa (ECA), on Wednesday said Nigeria is set to host the Africa Trade Forum 2018.
Former Nigeria's President Olusegun Obasanjo

Olusegun Obasanjo: Muhammadu Buhari’s hands too weak to sign African free trade agreement

Former President Olusegun Obasanjo has said President Muhammadu Buhari’s hands are too weak to sign the African Free Trade Agreement (AfCTA).
A video grab from footage broadcast by the UK Parliament's Parliamentary Recording Unit (PRU) shows Britain's Prime Minister Theresa May as she makes a statement to MPs in the House of Commons in London on September, 2018, on the progress of the police investigation into the March 4 nerve agent attack in Salisbury, on former Russian spy Sergei Skripal and his daughter Yulia.British prosecutors said Wednesday they have a European arrest warrant for two Russians suspected of a nerve agent attack on a former spy in the city of Salisbury. Police identified Alexander Petrov and Ruslan Boshirov as the men who allegedly tried to kill Russian former double agent Sergei Skripal and his daughter Yulia with Novichok in March. / AFP PHOTO / PRU AND AFP PHOTO / HO /

40 UK lawmakers willing to vote down Brexit deal

At least 40 lawmakers in Prime Minister Theresa May’s Conservative Party are willing to vote down her possible Brexit deal if it leaves European Union (EU), a senior lawmaker said on Tuesday.

Chibuike Amaechi tasks Shippers’ Councils on issues affecting trade facilitation

The Minister of Transportation, Mr Rotimi Amaechi, on Tuesday, urged African Shippers’ Councils to focus on the implementation of World Trade Organisation (WTO), Trade Facilitation Agreement (TFC), and issues relating to trade.
Britain's Prime Minister Theresa May reacts during her meeting with the Emir of Qatar, Sheikh Tamim Bin Hamad al-Thani, at 10 Downing Street in London on July 24, 2018. / AFP PHOTO / POOL / Matt Dunham

Britain’s Theresa May ‘planning snap election’ in November

British Prime Minister Theresa May is planning an early general election in November to save her leadership and to prevent the collapse of talks with European leaders over Britain's exit from the bloc, according to a report by the Sunday Times newspaper.

Brexit: IMF warns Britain’s economy would suffer ‘substantial costs’

Britain’s economy would suffer “substantial costs” should it leave the European Union in March with no divorce agreement, the International Monetary Fund warned Monday.

Oil races toward $100 as stocks inch off three-week lows

Fresh sparring between Washington and Beijing over trade kept world stocks close to three-week lows on Wednesday, while a slight dollar pullback gave little respite to emerging markets, Indian rupee plumbed new record lows.

Oil rises as trade war worries balance Iran sanctions

Oil prices rose on Friday as concerns over the impact of a trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output supported the market.

Recent Stories

Olu Akerele: Naming national stadium after MKO Abiola shows President Buhari has good heart

A former aide of Chief MKO Abiola, Lisa Olu Akerele, has said that naming National stadium after the late winner of the June 12, 1993 Presidential election was an indication that President Muhammadu Buhari has good heart.
MUHAMMADU BUHARI

President Buhari: I declared June 12 democracy day to correct injustice meted-out on Nigeria

Contrary to speculations that President Muhammadu Buhari fell to pressures from leaders of the South-West geopolitical zone to recognize June 12 as national Democracy Day over political interest, the President on Wednesday said his decision was hinged on the need to correct alleged injustice meted out on the entire country by the military government.

DSS warns against undemocratic activities, confirms arrest of culprits

The Department of State Services said it has observed with concern the deliberate plots and attempts by some subversive and undemocratic elements to incite or pit one ethnic group against the other by stoking the embers of tribal sentiments to cause disaffection and violence across the country.

Don: Honouring MKO Abiola one of President Buhari’s boldest decisions

Prof. Akinyele Aluko of the Global Knowledge Group has described President Muhammadu Buhari’s renaming of Aura stadium after the late MKO Abiola as one of the President’s boldest moves thus far.

June 12: Ex-President Jonathan reduced MKO Abiola to ethnic champion – Tony Momoh

Prince Tony Momoh, a former Minister of Information on Wednesday said former President Goodluck Jonathan reduced the late MKO Abiola to an ethnic champion by renaming the University of Lagos (UNILAG) which is located in the South- West after him.