TRADE WARS - AFRICA DAILY

China sets economic growth target of 'around 5%' for 2023

Mar 05, 2023 (AFP)

The target was announced in a work report delivered by outgoing Premier Li Keqiang as the rubber-stamp parliament opened at the capital's Great Hall of the Peop...

China to unveil lowest growth goal in years: analysts

Mar 03, 2023 (AFP)

Thousands of party delegates from across China will converge on Beijing for a rubber stamp conclave set to confirm key personnel appointments and make policy fo...

Ericsson to pay over $200 mn for breaching US deal over Iraq graft: statement

Mar 03, 2023 (AFP)

The company entered "a guilty plea regarding previously deferred charges relating to conduct prior to 2017," for not disclosing an internal 2019 investigation r...

EU eyes trade deal with US to access green benefits

Mar 03, 2023 (AFP)

Officials are hoping to make progress on this as early as next week, when Biden hosts European Commission chief Ursula von der Leyen at the White House. In thos...

Markets rise with Wall St on lower rate hopes

Mar 03, 2023 (AFP)

A strong run of data sent chills through trading floors in February -- wiping out almost all January's rally -- as investors realised the US central bank had mo...

Biden to host EU chief von der Leyen on March 10

Mar 02, 2023 (AFP)

The leaders will review the "strong cooperation" between the United States and European Union in supporting Ukraine's fight against the Russian invasion, the Wh...

Markets mixed as US rate saga plays against China reopening

Mar 02, 2023 (AFP)

The region enjoyed a much-needed day in the sun Wednesday after forecast-busting Chinese factory data reinforced optimism the world's number two economy will bo...

China manufacturing activity surges in February

Mar 01, 2023 (AFP)

The world's second-largest economy is stirring back to life after Beijing's decision in December to abruptly drop its strict health measures, which mandated str...

Asian, European markets rise as China data spurs recovery hopes

Mar 01, 2023 (AFP)

The forecast-busting reading on manufacturing -- the highest since 2012 -- reinforced the view that the world's second-biggest economy will bounce back strongly...

US's Blinken says no plans to meet Russia, China at G20

Mar 01, 2023 (AFP)

The gathering in New Delhi on Thursday will be the first time US Secretary of State Blinken and Russian Foreign Minister Sergei Lavrov have been in the same roo...

Biden's student debt relief plan challenged at Supreme Court

Feb 28, 2023 (AFP)

The high court's final ruling, expected sometime before June 30, will decide whether millions of Americans will see up to $20,000 of debt disappear, but could a...

Biden's student debt relief imperiled by conservative Supreme Court

Feb 28, 2023 (AFP)

A majority of the justices indicated in arguments presented Tuesday that they believe Biden exceeded his powers by adopting the costly program without specific ...

Asian markets pick up but traders worry over looming rate hikes

Feb 28, 2023 (AFP)

The gains tracked advances on Wall Street, though investors will be keeping a wary eye on several data releases this week that will provide a fresh snapshot of ...

Asian markets drop on rate fears as US inflation runs hot

Feb 27, 2023 (AFP)

The report on the personal consumption expenditures price index followed blockbuster jobs figures and data showing prices coming down slower than hoped. This mo...

Macron warns EU-South America deal hinges on environment

Feb 25, 2023 (AFP)

The EU in 2019 reached a trade deal with the Mercosur bloc, comprising Argentina, Brazil, Paraguay and Uruguay, after 20 years of negotiations. However, the dea...

Blinken to meet Asia 'Quad' after China friction

Feb 24, 2023 (AFP)

Blinken will hold the talks with the so-called Quad on March 3 on the sidelines of a Group of 20 meeting in New Delhi, said Donald Lu, the top State Department ...

Markets mixed, Tokyo rallies as BoJ nominee backs loose policy

Feb 24, 2023 (AFP)

Analysts said the realisation that the Federal Reserve will further hike borrowing costs and hold them there appears to have sunk in among investors, who were b...

Turkey cuts key borrowing rate to aid quake recovery

Feb 23, 2023 (AFP)

Turkey was already battling runaway inflation and relying on wealthy allies to keep its economy afloat when the massive earthquake on February 6 killed more tha...

Asian markets mixed but little joy as traders eye more Fed hikes

Feb 23, 2023 (AFP)

A blockbuster jobs report and sticky inflation data this month have dealt a hammer blow to earlier expectations the US central bank could soon pause its monetar...

Hong Kong unveils US$97 billion post-pandemic budget

Feb 22, 2023 (AFP)

Hoping to kickstart the finance centre's economy, Finance Secretary Paul Chan announced tax cuts and more consumer spending vouchers. Hong Kong's leaders are ke...