African nations accelerate shift from US dollar amid tariff turmoil

African governments and banks are stepping up efforts to reduce reliance on the US dollar in trade and financial transactions as uncertainty over American tariffs unsettles global markets. Ecobank Transnational CEO Jeremy Awori told Bloomberg that erratic US trade measures are motivating companies across the continent to settle more deals......

Russia and Iran cut crude prices as China becomes last major buyer

Russia and Iran are steepening discounts on their crude exports to secure a shrinking pool of Chinese buyers after Indian refiners sharply reduced purchases of Russian oil. Moscow’s flagship Urals blend is now selling to China at about 12 dollars per barrel below the ICE Brent benchmark, compared with a discount of roughly 10 dollars......

Middle East crude shipments push oil tanker rates to six-year high amid U.S.-Iran tensions

Freight costs for transporting crude oil from the Middle East surged to their highest level in six years as exporters accelerated shipments while tensions escalate between the United States and Iran. The cost of chartering a very large crude carrier capable of carrying two million barrels from the Persian Gulf to Asia exceeded 170,000 dollars......

Ray Dalio warns investors as global order enters era of instability

Investor and Bridgewater Associates founder Ray Dalio has warned that the global financial and political system has entered a period of “great disorder,” marking the end of the post-World War II world order. In recent essays and public appearances, Dalio said current global tensions and rising national debts are signals that the......

Stellantis reports €22.3 billion loss as electric shift reversal weighs heavily

Stellantis has reported a record €22.3 billion net loss for the 2025 fiscal year, marking the worst result in the automaker’s history. The results reveal the high financial toll of dismantling its costly electric vehicle expansion strategy, a move that led to €25.4 billion in charges tied to discontinued projects and write-downs.......

Hezbollah warns of red line over Iran’s supreme leader as war risks grow

A senior Hezbollah figure has privately signaled that the group would stay out of any limited United States military action against Iran, while declaring that an attack aimed at Supreme Leader Ayatollah Ali Khamenei or a bid to topple the Islamic Republic would compel the movement to join the fight. The official, speaking to Agence France-Presse......

UK suspends Chagos Islands handover to Mauritius amid security concerns

The United Kingdom has suspended the ratification process of an agreement to transfer sovereignty of the Chagos Islands to Mauritius, according to a BBC report on Wednesday. The archipelago includes an island hosting a major US-UK military base, a key factor in the decision. British Foreign Minister Hamish Falconer told lawmakers that the......

Trump administration considers citizenship checks at banks amid immigration enforcement

The Trump administration is reportedly exploring measures that could require U.S. banks to collect citizenship information from their customers as part of its ongoing crackdown on unauthorized immigration. Sources told the Wall Street Journal that Treasury Department officials have discussed steps that could instruct banks to request......

Bullet impact discovered on American Airlines plane arriving from Colombia

A possible bullet impact has been discovered on the fuselage of an aircraft operated by American Airlines following a flight between Medellín, Colombia, and Miami, prompting safety inspections and an official investigation into the incident. According to airline officials, the damage was identified during a routine post-flight......

Aston Martin announces 20 percent workforce cut amid tariff pressures

British luxury carmaker Aston Martin has announced plans to reduce its workforce by around 20 percent as it faces mounting financial pressure linked to higher tariffs in key markets such as the United States and China, as well as broader economic uncertainty affecting the global automotive sector. The restructuring is expected to......

Trump administration files lawsuit against UCLA over alleged discrimination

The administration of Donald Trump has filed a lawsuit against the University of California, Los Angeles (UCLA), accusing the institution of allowing discriminatory behavior and fostering what it describes as a hostile environment toward Jewish and Israeli students and staff during pro-Palestinian demonstrations in 2024. According......

South Korea and United States to hold spring joint military drill

South Korea and the United States are set to carry out their annual spring joint military exercise next month, reinforcing allied defense readiness and advancing preparations for the transfer of wartime operational control to Seoul. The 11-day drill, known as Freedom Shield, is scheduled to take place from March 9 to 19. According to a joint......

Japan seeks to minimise impact of new US tariffs

Japan is taking steps to mitigate the effects of newly imposed U.S. import tariffs, government officials said on Tuesday. Following the U.S. Supreme Court’s decision to strike down certain tariffs under the International Emergency Economic Powers Act (IEEPA), President Donald Trump applied a 15% duty on imports from all countries, marking......

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