Economy



Copper surges past 14,000 dollars as global smelting output declines

Copper prices rose sharply on Tuesday, briefly crossing 14,000 dollars per metric ton on the London Metal Exchange, moving close to their all-time high of 14,527.50 dollars reached on 29 January. The rally reflects tightening global supply conditions driven by geopolitical tensions, stronger demand from......

Africa seeks greater control over critical minerals value chains

African policymakers, researchers and mining experts are intensifying calls for local transformation of critical raw materials as global competition for strategic minerals accelerates. During a conference held in Rabat by the Policy Center for the New South and the Geology and Sustainable Mining Institute,......

Spanish meat exports decline as global demand shifts sharply

Spanish exports of meat and processed meat products fell by 13 percent during the first quarter of 2026, reflecting weaker international demand and major changes across key export markets. Data from Spain’s agricultural export monitoring system showed total overseas shipments reached 393,585 tonnes......

Trump and Xi face pressure to protect AI market rally

Investors are urging Donald Trump and Xi Jinping to avoid escalating technology and trade tensions during this week’s summit in Beijing, as global markets continue to rally around artificial intelligence. The two leaders are expected to meet on May 14 and 15 in what marks Trump’s first official......

Washington increases sanctions to curb Iranian oil sales to China

The administration of Donald Trump announced new sanctions targeting individuals and companies accused of helping facilitate Iranian oil exports to China, intensifying economic pressure on Tehran amid ongoing geopolitical tensions in the Middle East. According to the United States Department of the......

China and United States to hold trade talks in South Korea ahead of leaders’ summit

Trade delegations from China and the United States are set to meet in South Korea next week for high-level economic discussions, according to Chinese state media. The talks will take place on Tuesday and Wednesday and will focus on mutual trade issues between the two largest economies in the world,......

Solar with battery storage undercuts fossil fuel power costs

Solar and wind energy combined with battery storage can now deliver continuous electricity at a lower cost than fossil fuels in regions with strong natural resources, according to a new report by International Renewable Energy Agency. The findings come as global energy markets face sustained pressure,......

Morocco eyes China's zero-tariff opening to expand argan oil exports

China's decision to eliminate import duties on goods from 53 African countries, effective May 1, has handed Morocco's argan oil industry a direct route into one of the world's largest consumer markets. Producers in the country's arid southwest are positioning the sector for what they......

China removes tariffs for 53 African nations, excludes Eswatini over Taiwan ties

China has extended its duty free trade policy to all 53 African countries with which it maintains diplomatic relations, positioning itself as the first major economy to grant unilateral tariff free access across nearly the entire continent. The only exception is Eswatini, which continues to maintain......

UnionPay International secures Casablanca Finance City status to anchor Africa operations in Morocco

UnionPay International has officially obtained Casablanca Finance City status for its Morocco branch, formally establishing the country as the Chinese payment network's regional headquarters for financial services across Africa. The company confirmed the designation in a press release issued Tuesday,......

Brent crude falls below 110 dollars after volatile spike above 120

Brent crude slipped below 110 dollars a barrel on Thursday, pulling back from a brief spike above 120 dollars the previous day, one of the most volatile stretches on oil markets since the start of the Strait of Hormuz crisis two months ago. The sharp moves underscore a market caught between fears of......

Oil crisis accelerates global shift toward renewable energy transition

A surge in oil prices triggered by the conflict involving Iran is driving an unprecedented acceleration in the global transition to renewable energy, according to the United Nations’ top climate official. The sharp rise in fossil fuel costs is reshaping energy strategies worldwide, as governments......

China’s coal powered grid shields factories amid Asian energy shock

China’s manufacturing sector expanded in April despite a global energy crisis triggered by escalating geopolitical tensions and disruptions to maritime routes. Official data showed industrial activity continuing to grow, supported by a domestic energy system heavily reliant on coal, which has insulated......

This website, walaw.press, uses cookies to provide you with a good browsing experience and to continuously improve our services. By continuing to browse this site, you agree to the use of these cookies.