Obasanjo Library Demands ₦2.5bn Compensation Over EFCC Raid
The Olusegun Obasanjo Presidential Library (OOPL) in Abeokuta, Ogun State, has issued a seven-day ultimatum to the Economic and Financial Crimes Commission (EFCC), demanding ₦2.5 billion for alleged reputational and financial damages caused by what it described as a “malicious” raid on its premises on August 10. At a press conference on Wednesday, OOPL Managing […]
Trump Demands Resignation of Intel CEO Over China Ties, Intensifying Pressure on U.S. Chipmaker
President Donald Trump on Thursday called for the immediate resignation of Intel’s newly appointed CEO Lip-Bu Tan, accusing him of being “highly conflicted” due to past investments in Chinese firms, some reportedly linked to the Chinese military. The demand has sparked concerns about leadership stability at a critical time for the American semiconductor giant. In […]
Apple Commits Additional $100 Billion to U.S. Manufacturing Amid Tariff Pressure from Trump
Apple has unveiled a new $100 billion investment in the United States, bolstering its previous $500 billion domestic commitment as it faces increasing pressure from President Donald Trump to shift more of its global production onto American soil. According to the White House, the expanded investment will strengthen domestic manufacturing and shield Apple from looming […]
UK Bans Zara Ads Over “Irresponsible” Portrayal of Thin Models
Two Zara advertisements have been banned by the UK’s Advertising Standards Authority (ASA) for depicting models who appeared “unhealthily thin,” a move that underscores growing concerns about body image in fashion advertising. The ASA found that the ads, which were featured on Zara’s website and mobile app, breached advertising standards by promoting unrealistic and potentially […]
Trump Imposes Sweeping Tariffs on Key U.S. Trading Partners Ahead of Deal Deadline
U.S. President Donald Trump has announced a sweeping new round of tariffs on exports from dozens of countries—including Canada, Brazil, India, Taiwan, and Switzerland—as part of an aggressive push to reshape global trade ahead of a self-imposed Friday deadline for new trade agreements. Under an executive order signed Thursday, Trump set sharply higher import duties: […]
Trump Announces 15% Tariff Deal with South Korea, Easing Trade Tensions
President Donald Trump announced Wednesday that the United States will impose a 15% tariff on imports from South Korea—lower than the previously threatened 25%—as part of a new trade agreement aimed at reducing tensions with one of America’s key Asian allies and top economic partners. The announcement followed a White House meeting between Trump and […]
Trump Warns India of 25% Tariffs if Trade Deal Isn’t Reached by August 1
U.S. President Donald Trump has threatened to impose tariffs of up to 25% on Indian imports if Washington and New Delhi fail to reach a trade agreement by August 1. “India has been a good friend, but they’ve imposed some of the highest tariffs in the world,” Trump told reporters on Tuesday. “But now I’m […]
Fed Poised to Hold Rates as Trump Pressures for Cuts, Deepening Policy Divide
The Federal Reserve is widely expected to keep its benchmark interest rate unchanged on Wednesday for the fifth consecutive meeting, highlighting a growing rift between Chair Jerome Powell and President Donald Trump over the direction of U.S. economic policy. Although the Fed’s decision is expected to maintain the status quo, internal tensions are rising. Economists […]
Bangladesh Boosts Trade Ties with U.S., Expands Aircraft Order and Agricultural Imports
Bangladesh is intensifying efforts to strengthen its trade relationship with the United States, with a sharp focus on aviation procurement and agricultural imports. Commerce Secretary Mahbubur Rahman told reporters that the country is accelerating plans to acquire new aircraft to meet urgent transportation needs. “We need new aircraft urgently, possibly within the next couple of […]
U.S. and EU Strike Trade Deal to Cap Tariffs at 15%, Avoiding Global Economic Fallout
The United States and the European Union reached a last-minute trade framework on Sunday that sets a 15% tariff ceiling on most goods traded between the two economic giants—averting a broader trade conflict that threatened to rattle global markets. The agreement followed a brief but high-stakes meeting between President Donald Trump and European Commission President […]
