Business

Japan identifies large share of rare earths in deep-sea mud off remote island

US imposes fresh 12.5% tariff on Nigerian exports

The United States has imposed a 12.5 per cent tariff on imports from Nigeria under a new trade policy targeting countries that Washington says have failed to establish and enforce prohibitions on the importation of goods produced with…

Mauritius Tax Wave Threatens to Erode Its Banks’ Profitability

A raft of new corporate taxes that could erode banks’ profitability is testing Mauritius’s long-standing status as a low-tax gateway for cross-border capital, according to Moody’s Ratings.

Oil at $100, record-low peso drag PSEi lower

MANILA, Philippines — Local stocks edged lower on Friday as surging global oil prices and the peso’s slide to another record low kept investors on edge over renewed inflation risks. The benchmark Philippine Stock Exchange Index (PSEi)…

PIC: Why South Africa’s Biggest Fund Manager Is in Turmoil

The South African firm that oversees state workers’ pensions has been plunged into a fresh crisis triggered by the suspension of its chief executive and the resignation of its chairman.

SoftBank Weighs Deal for Robotics Startup Gravis

SoftBank Group Corp. is considering an acquisition of Gravis Robotics AG, people familiar with the matter said, as the Japanese investor targets the artificial intelligence technologies underpinning robotics.

Morning news brief: U: U

U.S.-Iran strikes escalate, affecting global energy markets, Trump imposes double-digit tariffs on dozens of countries, Vigil held in Madison, Wisconsin, for man killed by police.

Peace, stability only possible by eliminating terrorism emanating from Afghanistan, Dar says at SCO meeting

Deputy Prime Minister and Foreign Minister Ishaq Dar said on Friday that durable peace and stability in the region can only be achieved by eliminating the threat of terrorism emanating from neighbouring Afghanistan. “Durable peace…

Kano to roll out state-owned airline, employ indigenous pilots

Governor Abba Kabir Yusuf of Kano State has announced plans by his administration to establish a state-owned commercial airline as part of efforts to create employment opportunities for indigenous pilots. The governor disclosed this during…

Victoria Plc Slumps to £326 Million Loss as Debt Deal Bites

Victoria Plc reported a wider annual loss as the troubled British carpetmaker counted the cost of its recent debt refinancing.

Yen heads for biggest weekly drop since May despite Tokyo's support pledges

FACTBOX: Rosatom chief highlights China partnership, Arctic logistics, ZNPP

Alexey Likhachev noted that Russia and China plan to double cargo transportation along the Northern Sea Route by 2030