Oil prices rose on Thursday, reversing earlier losses, following a report that Chinese refiners have suspended October fuel exports, further squeezing war-constrained energy markets. International benchmark Brent crude with December expiry was last seen trading 2.2% higher at $100.15 per barrel, having earlier traded 1% lower, while U.S. West Texas Intermediate futures with November expiry…
A file photo shows Ford’s sprawling plant in Silverton, Pretoria South Africa risks losing future vehicle production to Asian rivals as global car makers decide where to build the next generation of electric vehicles, despite a new government tax incentive aimed at attracting investment, executives say. The industry, which exports about two-thirds of its output,…
SHENZHEN, CHINA – MAY 1: The Chinese national flag is seen in front of stacked shipping containers bearing MSC (Mediterranean Shipping Company), Maersk, and Hamburg Süd branding at Yantian Port on May 1, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images China’s exports rose more than expected in…
The latest phase builds on previous rounds of implementation in 2023 and 2025, which trained plant health officials from 20 African countries African governments are scaling up efforts to modernise plant health systems, expanding a digital surveillance programme to 38 countries in a bid to contain crop pests, strengthen food security and improve access to…
President Bola Tinubu has called on African countries to end their long-standing dependence on exporting raw cocoa beans and focus on value addition to increase earnings from the global chocolate industry. Tinubu made the call on Tuesday at the Africa Cocoa Summit in Abuja, themed ‘From Bean to Brand,’ where stakeholders discussed strategies for strengthening…
Eastern Africa recorded exceptionally strong growth in exports in 2025, with the UN Economic Commission (UNECA) estimating that total regional exports have increased by approximately 14.5 per cent in 2025. Excluding the region’s largest single exporter – the DR Congo – export growth is even stronger at around 19 per cent, UNECA’s latest sub-regional report…
SHENZHEN, CHINA – MAY 1: The Chinese national flag is seen in front of stacked shipping containers bearing MSC (Mediterranean Shipping Company), Maersk, and Hamburg Süd branding at Yantian Port on May 1, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images China’s trade growth held up better than…
The oil market might face a new reality after the Iran war in which exports through the Strait of Hormuz do not return to the levels once considered normal, as shipowners now have to weigh the risk that fighting could abruptly break out in the volatile Persian Gulf. And Western commercial ships will likely hesitate…
Ukraine has succeeded in depriving Russia of much of the windfall profits it would have made from oil exports during March and April, as the war in the Gulf sent prices soaring to above $100 a barrel, a series of sources suggest. Ukraine intensified a long-range strike campaign against Russian port and energy infrastructure on…
The Negishi Maru crude oil tanker sails towards JX Nippon Oil & Energy Corp.’s Negishi refinery in Yokohama City, Kanagawa Prefecture, Japan. Kiyoshi Ota | Bloomberg | Getty Images Japan’s exports climbed 4.2%% from a year ago in February, marking a sharp slowdown after hitting an over-three-year high in January. However, the increase was higher…
