Tag: USA

Business

US economy to lose billions amid tourism, products boycott

The US economy faces potential billions in losses in 2025 due to a decline in foreign tourism and boycotts of American products, adding to existing economic challenges and heightening the risk of a recession. Daata released on Monday by the International Trade Administration, revealed non-citizen arrivals by plane dropped nearly 10% in March compared to […]

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US tightens control on global AI chip flows

The United States government announced on Monday that it would impose further restrictions on artificial intelligence chip and technology exports, aiming to keep advanced computing power within the U.S. and its allies while limiting China’s access. The new regulations will cap AI chip exports to most countries, allow unlimited access to U.S. AI technology for […]

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Nigeria, USA annual trade reaches $10bn

The Consul-General of the United States Consulate in Lagos, Will Stevens, stated that Nigeria and the US maintain a $10 billion annual trade relationship. Stevens made this statement during the opening ceremony of the African Growth and Opportunity Act workshop with Proper Africa in Lagos, according to The Punch. The workshop aims to equip export-ready […]

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USA, Saudi Arabia ink deal for joint space exploration, research

The U.S. and Saudi Arabia committed to work together on civilian space research and exploration to improve collaboration between the allies, NASA and the State Department said in a Tuesday statement, according to CNBC. A framework agreement for collaboration in fields such as Earth science, education, and aeronautics was signed by the two nations. The […]

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US-Nigeria aviation agreement restored to boost bilateral ties

The United States has announced it will restore an Air Transport Agreement with Nigeria to strengthen bilateral aviation ties between the two countries. This disclosure was made in a statement by the Public Diplomacy Department of the U.S. Mission in Nigeria, according to The Punch. It states that the Agreement, which has been provisionally in […]