In justifying his latest tariffs announcement, President Donald Trump complains of unfair trade deficits, saying the US has been “looted, pillaged, raped, plundered” by other countries for decades. He has blamed China for exploiting the United States through unfair trade agreements, condemned Canada’s high tariffs on American dairy as unacceptable, and criticized Cambodia for imposing […]
The cost-to-income ratio reduced to 15%, with ongoing progress in solar and water initiatives enhancing sustainability metrics and efficiencies. South Africa’s well-known specialist retail real estate investment trust, Vukile Property Fund delivered a strong pre-close trading update for its financial year ended 31 March 2025, underscoring its dealmaking dexterity, strategic expansion and robust operational delivery. […]
The World Bank’s private investment arm is backing the rush into digital data in Africa with a $100m investment in regional data centre developer and operator Raxio Group, funding centres from Ethiopia to Angola. Digital demand on the continent is surging, but infrastructure remains scarce. Africa accounts for less than 1% of the world’s data […]
MUSCAT: Oman’s state-owned mining investment firm, Minerals Development Oman (MDO), has reported a significant expansion of its project pipeline as it continues to add value to the country’s mineral resources through beneficiation, processing, and manufacturing. These efforts are highlighted in the company’s 2024 Annual Report published here on Sunday. In a major milestone, MDO resumed […]
Olusegun Obasanjo, Nigeria’s former president turned businessman, is set to visit the Kribi deep-sea port in Cameroon this April to launch his company, Obasanjo Agro-Allied Business Ltd (OABL). His venture aims to strengthen cross-border trade between Cameroon and Nigeria. According to Agha Albert Ngwana, CEO of Aftel Cameroon Limited, a partner of Obasanjo’s group, OABL […]
Months after President Donald Trump had been hammering Panama over its most valuable asset, the Panama Canal, an investment group led by BlackRock, a giant American asset manager, has agreed to buy two ports in the place owned by a Hong Kong company. BlackRock will buy the ports, which sit at either end of the […]
South Korea, China and Japan held their first economic dialogue in five years on Sunday, seeking to facilitate regional trade as the three Asian export powers brace from U.S. President Donald Trump’s tariffs. The countries’ three trade ministers agreed to “closely cooperate for a comprehensive and high-level” talks on a South Korea-Japan-China free trade agreement […]
Four Chinese state-owned banks announced plans on Sunday to introduce the Ministry of Finance (MOF) as a strategic investor through targeted share placements, with their boards having approved proposals to issue A-shares to designated investors. The initiative includes the Bank of China (BOC), China Construction Bank (CCB), Bank of Communications (BOCOM), and Postal Savings Bank […]
Germany is getting €1 trillion ($1.1 trillion) in additional funding virtually for free after bond markets reacted positively to its “historic” spending bill, Deutsche Bank AG Chairman Alexander Wynaendts said. Now it needs to spend the money wisely and advance structural reforms to ensure it stays that way, Wynaendts said on Thursday at a panel discussion organized […]
At a meeting between Ho Chi Minh City leaders and South Korean enterprises held in Ho Chi Minh City on March 25, Michael Jaewuk Chin, independent director of Vingroup, shared South Korea’s experience in building an IFC in South Korea. “We would like to emphasize three factors: building financial infrastructure, reforming regulations, and innovating technology […]