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Tag: USA

China 'firmly opposes coercion' as Mexico mulls car tariffs
Business

US, China agree to suspend most tariffs, easing trade tensions

The United States of America and China on Monday agreed to suspend most tariffs on each other’s goods, signaling a de-escalation in trade tensions between the world’s two largest economies. “We had very productive talks and I believe that the venue, here in Lake Geneva, added great equanimity to what was a very positive process,” […]

Alibaba to raise HK$12bn in exchangeable bonds
News

US lawmakers urge SEC to delist Alibaba

Alex Omenye Two Republican lawmakers have urged the U.S. Securities and Exchange Commission to delist a group of Chinese companies, including tech giant Alibaba, citing alleged ties to China’s military and concerns over U.S. national security, the Financial Times reported Friday. John Moolenaar, chair of the House Select Committee on the Chinese Communist Party, and […]

US considers equity stakes in chipmakers under CHIPS act
Business

US seals minerals deal with Ukraine amid war with Russia

The United States and Ukraine have signed a long-anticipated minerals agreement, granting Washington preferential access to Ukraine’s natural resources in exchange for the establishment of a reconstruction investment fund. The deal, finalized after months of complex negotiations, comes more than three years into Russia’s full-scale invasion of Ukraine. U.S. Secretary of the Treasury Scott Bessent […]

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 […]

News

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 […]

News

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 […]

News

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 […]

News

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 […]

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