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Ethiopia’s coffee exports hit record high
The country’s booming coffee industry has been spared the worst of US tariffs, unlike its rival Vietnam.
Niels Van Iperen, CC BY-SA 4.0 via Wikimedia Commons
Trump threatens EU and Apple with new tariffs
The US president said he would recommend a 50% tariff on EU products, and 25% on iPhones if Apple’s manufacturing was not brought to the US.
Leah Millis/File Photo/Reuters
UK signs deal ceding Chagos Islands to Mauritius
The UK will lease a crucial military base on one of the islands from Mauritius under the deal.
Suzanne Plunkett/Reuters
China maintains global critical minerals dominance: Report
The average market share of critical minerals by the world’s top three producers reached 86% in 2024, up from 82% in 2020.
CFOTO/Future Publishing via Getty Images
UK inflation jumps unexpectedly in April
The UK’s inflation rate rose by almost 1 percentage point in April from the month before, in a blow to the Labour party as it struggles to boost a flagging economy.
Ian Vogler/Pool via Reuters
G7 finance leaders meet amid trade tensions
Tariffs, Ukraine, and climate finance are among topics that will likely be avoided or watered down in the expected joint communique following the talks, analysts said.
US Treasury Secretary Scott Bessent. Nathan Howard/Reuters
Israel admits more aid trucks into Gaza, amid international pressure
The UK announced it would pause free-trade negotiations with Israel Tuesday, while France and Canada have also threatened sanctions.
UK, EU agree broad package of deals in reset of post-Brexit relations
The agreement will see the UK give Europe more access to fish in British waters, as well as a relaxation of border and trade checks.
China’s emissions fall despite surging demand for energy: Report
The new analysis suggests that China’s carbon dioxide emissions may have peaked.
US inks massive defense deal with Saudi Arabia
US President Donald Trump is in Saudi as part of a trip to the region aimed at securing business deals.
US inflation rose less than expected in April, as analysts warn of future price hikes
Some analysts argued that April’s consumer price index reflected a ‘final lull’ before the effect of tariffs becomes evident in the economy.
UK’s left-wing government announces major immigration overhaul
Prime Minister Keir Starmer said Monday that the UK was at risk of becoming an ‘island of strangers.’
Kurdish militant group PKK agrees to disband in Turkey
The PKK has led a 40-year insurgency against the Turkish government, which has seen tens of thousands of people killed.
Trump, Starmer agree UK-US trade deal, tease more agreements to come
The deal offers some tariff relief for UK carmakers and steel, but the final details of the deal are still to come, the US president said.
Germany’s Merz faces even tougher in-tray after struggle to become chancellor
The conservative leader’s shocking and historic failure to win in a single round Tuesday has cast his governing coalition into question.
Afreximbank financing could boost Africa’s oil trade
The new financing program could unlock up to $14 billion of additional oil trade on the continent.
General Motors slashes profit outlook, citing Trump’s tariffs
The US car company dropped its earnings forecast from $15 billion to around $10 billion, according to a letter to shareholders on Thursday.
Surge in imports drives US GDP down as businesses navigate Trump tariffs
The new data indicated that growth is slowing, rather than shrinking, while a measure of inflation ticked up.