(Reuters) – Tariffs announced by U.S. President Donald Trump will hurt South African citrus farms and could potentially affect 35,000 jobs, a farmers’ association said on Tuesday. Trump imposed a 31% tariff on U.S. imports from South Africa on April 2, when he announced a 10% baseline tariff on all imports and higher targeted duties …
US tariffs threaten 35,000 citrus jobs in South Africa, farmers say Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Most major stock indexes ended a turbulent Monday lower as U.S. President Donald Trump showed no sign of easing up on his global trade war, while U.S. Treasury yields rebounded. The European Union proposed counter-tariffs on Monday, while Trump threatened to add another 50% duty on U.S. imports from …
Stocks mostly fall in rocky market as tariff war escalates Read More »
By Chibuike Oguh and Yadarisa Shabong NEW YORK (Reuters) -The U.S. dollar weakened against the safe-haven Swiss franc in mixed trading on Monday as concerns about a global recession heightened following U.S. President Donald Trump’s sweeping tariffs on trading partners. Global stock markets were hit again on Monday, although the benchmark S&P 500 was well …
By Scott DiSavino NEW YORK (Reuters) -Oil prices slid 2% to a near four-year low on Monday on worries U.S. President Donald Trump’s latest trade tariffs could push economies around the world into recession and reduce global demand for energy. Brent futures fell $1.37, or 2.1%, to settle at $64.21 per barrel, while U.S. West …
Oil prices slide 2% to near 4-year low as US trade conflict fuels recession fears Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) – A senior South African lawmaker on Monday accused the communications minister of seeking to erode the country’s laws on local ownership to appease foreign businesses looking to work in the country, which include Elon Musk’s Starlink. Last year Communications Minister Solly Malatsi said he would issue a policy directive …
South African lawmaker accuses minister of trying to change law for Musk’s Starlink Read More »
By Camillus Eboh ABUJA (Reuters) – A Nigerian court has adjourned a tax evasion case against Binance to April 30 to allow the local tax authority to respond to a request by the cryptocurrency exchange to annul an order for court documents to be served on it by email, a lawyer for Binance said on …
Nigerian court adjourns Binance, executives’ tax evasion trial to April 30 Read More »
CAIRO (Reuters) – Egypt’s annual inflation is forecast to have edged down further in March after a base effect caused it to plunge in February, according to a Reuters poll. The drop in annual inflation is likely to push the Central Bank of Egypt to cut interest rates when it meets on April 17, although …
Egyptian inflation seen edging down to 12.6% in March: Reuters poll Read More »
JOHANNESBURG (Reuters) -South Africa’s rand slumped to its weakest in 18 months on Monday, while local stocks plunged before staging a recovery as U.S. President Donald Trump’s sweeping tariffs and global recession fears rocked financial markets. At 1456 GMT, the rand traded at 19.5825 against the dollar, down about 2.4% from Friday’s close, its weakest …
South African rand hits 18-month low, stocks recover from plunge Read More »
By Camillus Eboh ABUJA (Reuters) – Nigerian troops arrested 43 suspected oil thieves and seized more than 254,000 litres of stolen fuel in a series of operations across the oil-rich Niger Delta, the army said on Monday. The week-long operations between March 31 and April 6 targeted illegal refining sites and transport networks used by …
Nigerian troops arrest dozens in week-long oil theft crackdown Read More »
CAPE TOWN (Reuters) – The African Export–Import Bank (Afreximbank), a key investor in oil and gas projects, has earmarked $3 billion to finance the purchase of refined products within Africa as part of broader plans to boost refining capacity, a senior executive said. Africa exports around 80% of its crude oil, and 45% of the …
Oil and gas investor Afreximbank earmarks $3 billion to support locally-refined products Read More »
