The Reserve Bank of Australia’s decision to implement a modest interest rate cut has set the stage for a political showdown, with Prime Minister Anthony Albanese facing growing pressure to …
inflation
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Washington, D.C. – February 14, 2025 – President Donald Trump has ordered the U.S. Treasury Department to halt the production of pennies, reigniting a debate that has persisted for decades. …
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Africa News
Kenyan Shilling Holds Steady Against US Dollar Amidst Fluctuating African Currencies
by Mael Julesby Mael JulesThe Kenyan shilling remained unchanged against the U.S. dollar on Tuesday, as data from the London Stock Exchange Group (LSEG) showed no significant movement in the exchange rate. At 0931 …
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Africa News
Nigeria’s Largest Labour Union Suspends Planned Telecom Protest Amid Talks with Government Over Tariff Hike
by Mael Julesby Mael JulesNigeria’s largest labour union, the Nigeria Labour Congress (NLC), has made a significant move by suspending its planned nationwide protest against a 50% hike in telecommunications tariffs, following an agreement …
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The U.S. economy faces a significant challenge as it navigates the complex interplay of persistent high inflation, rising tariffs, and the Federal Reserve’s efforts to stabilize economic conditions. As President …
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Business
Oil Prices Set to Decline This Week as Trump’s Tariff Threat Amplifies Global Uncertainty
Oil prices are headed for a weekly decline as heightened concerns over global trade tensions and potential tariffs threaten to disrupt the energy markets. The latest round of uncertainty stems …
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The U.S. dollar has experienced a sharp decline following remarks from former President Donald Trump, suggesting that he may soften his approach toward China tariffs if he were to regain …
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In a significant move aimed at managing rising costs and maintaining financial stability, UK supermarket giant Sainsbury’s has announced plans to cut over 3,000 jobs. This decision comes as the …
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In a significant blow to the reputation and financial standing of German sportswear giant Puma, shares plunged by 20% following a disappointing quarterly earnings report. This sharp drop in share …
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In a surprising turn of events, government borrowing in the UK surged beyond expectations in December, marking the highest level of borrowing for the month in four years, according to …