The US and China have agreed to slash tariffs temporarily in a surprise breakthrough. The United States and China have surprisingly agreed to a dramatic de-escalation in their trade war. Under the agreement, the world’s two largest economies have paused their respective tariffs for 90 days. That breaks an impasse which has brought much of … Read more
African nations are drowning in debt. A halt of US aid to many countries on the continent could worsen the crisis. Africa is a continent rich in natural resources with a young population. African nations in theory have the potential to transform their economies. But many of them are facing mountains of debt. Africa’s external … Read more
The US is pivoting back to fossil fuels, China is ramping up renewables, while Europe is trying to catch up. It is not just a race to cut emissions. The scramble for clean energy is turning into a battle over political and economic dominance. In the United States, President Donald Trump is moving to fast-track … Read more
Donald Trump thinks a strong dollar is hurting US manufacturing. His team has backed the idea of currency weakening. The greenback has depreciated against other major currencies since Donald Trump’s inauguration in January. Investors are worried that Trump’s tariffs could cause a recession in the United States, and they have rushed to the exit. Is … Read more
Globalisation has become the driver of international trade, giving both rich and poorer countries a stake in world business.Then came US President Donald Trump’s tariffs. Could they torpedo globalisation? And what would that mean? Presenter: James Bays Guests:Shirley Yu – senior visiting fellow at the London School of EconomicsMelanie Brusseler – US programme Director at … Read more
US President Donald Trump won’t relent on tariffs despite global criticism. There’s turmoil in markets and the financial world as shock waves from US President Donald Trump’s tariffs continue. But despite the widespread alarm, Trump is sticking to his plans. So what’s happening – and what does it mean for people worldwide? Presenter: Adrian Finighan … Read more
US President Donald Trump has invoked wartime powers to boost production of critical minerals. Critical minerals are crucial to clean energy technologies and defence manufacturing. Their demand is growing fast, and so is competition among leading economies for rare earths. But it is China that dominates supply chains. The United States is scrambling to reduce … Read more
Washington is pressing Kyiv to sign away billions in mineral wealth for continued support. Ukrainian soil contains around five percent of the world’s rare earth mineral deposits. United States President Donald Trump is seeking a share of those resources in return for the billions Washington has sent to Ukraine to support its war with Russia. … Read more
Are higher borrowing costs a ‘global’ problem?published at 12:42 Greenwich Mean Time 12:42 GMT By Ben Chu, BBC Verify policy and analysis correspondent Challenged on the rise in UK borrowing costs since the Budget, Keir Starmer said: “The global economy is experiencing higher borrowing costs.” It’s correct that borrowing costs are up across most developed … Read more
Chancellor says she’ll go ‘further and faster’ on growth planpublished at 13:35 Greenwich Mean Time 13:35 GMT Faisal IslamEconomics editor Media caption, Rachel Reeves: Need to go further and faster to kickstart growth The key line was the chancellor said the government will go “further and faster” on its growth plan. She said market volatility … Read more