A British-Nigerian art dealer, Oghenochuko “Ochuko” Ojiri, 53, has pleaded guilty to financing terrorism after he was arraigned on eight counts following a police investigation. He was accused of failing to make a disclosure during the course of business within the regulated sector, contrary to section 21A of the Terrorism Act 2000. Each count related […]
The Bank of England is widely expected to cut its key interest rate by a quarter point Thursday as US President Donald Trump’s planned tariffs threaten to weaken economic growth. It follows the Federal Reserve’s decision Wednesday to freeze US borrowing costs and last month’s move by the European Central Bank to cut eurozone interest […]
China said Friday it is evaluating a US offer for negotiations on tariffs but insisted Washington must be ready to scrap levies that have roiled global markets and supply chains before talks can begin. Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April, while Beijing has responded […]
Gold reached $3,500 an ounce for the first time Tuesday, as US President Donald Trump’s tariffs and verbal attack against the Federal Reserve sent investors snapping up the safe haven asset. The precious metal reached an all-time high $3,500.10 an ounce before pulling back to $3,467.87.
Tributes continue to pour for the late Pope Francis as the Vatican announced yesterday that the Pope died of stroke that led to coma and heart failure. A death certificate which was published by the Vatican noted that the cerebral stroke led to a coma and irreversible heart failure. Noted for his very simple and […]
Amnesty International relaunched its Hong Kong branch “in exile” on Tuesday, more than three years after the rights group quit the Chinese finance hub citing risks from a sweeping national security law. Beijing has remoulded Hong Kong in its authoritarian image after huge and sometimes violent pro-democracy protests in 2019, imposing a security law that […]
Iran’s Foreign Minister Abbas Araghchi is set to visit Moscow this week to discuss recent nuclear negotiations with the United States held in Oman, the foreign ministry spokesman said on Monday. On Saturday, Araghchi held talks with US Middle East envoy Steve Witkoff in Muscat, the highest-level Iranian-US nuclear negotiations since the collapse of a […]
European Commission President, Ursula von der Leyen, on Thursday welcomed U.S. President Donald Trump’s announcement that he was pausing new “reciprocal tariffs’’ on most countries for 90 days to allow for negotiations. “It’s an important step toward stabilising the global economy. “Clear, predictable conditions are essential for trade and supply chains to function. “The European […]
South Korea on Wednesday unveiled a $2 billion emergency support package for its crucial export-focused carmakers, warning US President Donald Trump’s 25 percent tariffs on the sector could be a “significant blow”. “Given that automobiles and auto parts are South Korea’s top exports to the US, the decision to impose a 25 percent tariff on […]
Israeli Prime Minister Benjamin Netanyahu was in Washington on Monday to meet Donald Trump, whom he will likely ask for a reprieve from US tariffs while seeking further backing on Iran and Gaza. Netanyahu becomes the first foreign leader to meet Trump in the US capital since the “Liberation Day” tariffs announcement sent global markets […]
