Employees celebrate the close of trading for the year at the Korea Exchange (KRX) on Monday, Dec. 30, 2013. SeongJoon Cho | Bloomberg | Getty Images South Korean stocks rallied Thursday, lifting the benchmark Kospi into a technical bull market as a global revival in the AI trade fuels a sharp recovery after last month’s…
Chris Oshiafi PAC Research, one of Nigeria’s leading research outfits, has identified financial architecture, digital innovation, regulatory reforms and political commitment as critical to addressing Africa’s more than $100 billion unmet trade finance gap. The research outfit said digital payment systems, blockchain-enabled trade infrastructure, factoring and supply chain finance could significantly widen access to trade…
The U.S.-Africa Trade Commission has appointed Dr. Fakunle John Aremu as its Country Director for Nigeria, according to an appointment letter dated July 10, 2026. Aremu is an international trade, investment and economic development executive with over 15 years of experience across Africa. In the letter signed by Titus Olowokere, the commission’s Executive Director/CEO, Aremu…
Nairobi — African governments and aviation industry leaders are pushing for faster implementation of open-skies policies, warning that fragmented air transport markets are raising business costs and limiting the benefits of the African Continental Free Trade Area. A high-level working session ahead of the Africa Mindset Reset Forum in Kigali found that Africa has much…
U.S. Army paratroopers prepare an M119 howitzer for a fire mission during a field artillery live-fire exercise in the Middle East. Courtesy: U.S. Army Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. President Trump’s decision to call off a planned strike on Iran sent oil…
Washington — President Trump campaigned on lower prices for Americans, but his trade war with Canada is pushing prices higher for Americans, Ontario Premier Doug Ford told CBS News in an interview Friday. Earlier this week, Mr. Trump announced 50% tariffs starting next month on a number of Canadian goods, including hockey sticks and alcohol, on…
The US has imposed new tariffs on 60 trading partners, accounting for the vast majority of its imports, over claims they failed to properly stop forced labour. The duties, ranging from 10% to 12.5%, target key economic partners – including the UK, China, the European Union, Canada, Japan and India. They came into effect on…
Mexican President Claudia Sheinbaum said she will attend Sunday’s World Cup final after an invitation from President Trump, their first meeting since December, following months of verbal sparring. Sheinbaum did not attend the World Cup’s opening match in Mexico City, when her national team beat South Africa 2-0. Instead, she gave her ticket to a…
Iran has threatened to block further trading routes in the region, as the US launched a new strikes on military targets. Iran’s Islamic Revolutionary Guard Corps (IRGC) said the Strait of Hormuz would remain shut until the US ended its “acts of aggression”. It also threatened to close off other regional oil and gas export…
Nigeria moved to deepen economic and migration ties with Europe, even as experts at a major conference in Porto warned that artificial intelligence must be governed ethically to protect migrants and the Nigerian diaspora. The two developments dominated the second Centre for African Studies, University of Porto (CEAUP) Conference on ‘Migration, Artificial Intelligence and the…
