Capital market

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Business Planning Money market

Mauritius economy is resilient with 4.7% GDP growth rate – IMF

Washington, DC, April 11, 2025 – The International Monetary Fund (IMF) has described the Mauritian economy as resilient with GDP growth at 4.7 percent in 2024 and contained inflation. It said the growth outlook remains favourable, though risks are to the downside. The IMF gave the report after completion of IMF Staff 2025 Article IV Mission to Mauritius which was led by Mariana Colacelli from March 31 to April 11, 2025.   At the conclusion of the visit, Ms. Colacelli issued the following statement: “Real GDP grew by a robust …

Business Planning Foreign

Trump’s tariff confusion could leave aircraft deliveries in limbo

Montreal/Chicago, April 11, 2025 – Cars, consumer goods, and industrial equipment have been delayed at ports, stuck on rail cars, and languished in warehouses at times over the last few months due to the White House’s on-again, off-again tariff policy. Planes and their engines are usually ordered by U.S. buyers years in advance, and tariff confusion risks delaying shipments of both, even if the industry has not been directly targeted for duties, sources told Reuters. The frequent changes and added costs are stressing a supply chain that has wrestled with shortages …

Capital market

European stocks jump most in 5 years on Trump tariff reprieve

London, April 10, 2025 – European stocks rallied after US President Donald Trump paused plans to implement higher reciprocal tariffs on dozens of trade partners, easing concerns about a global trade war. The Stoxx Europe 600 Index was 6% higher by 8:50 a.m. in London, with all sectors in the green and banks and miners leading gains. France’s CAC 40 jumped 6% and Germany’s DAX soared 7%. If the gains hold to the end of the day, European stocks will have pared back about half of the losses incurred since …

Business Planning

Africa’s opportunity in a fragmenting global economy

By: JP Fabri Lagos, April 10, 2025 – The global trade landscape is shifting dramatically. With the U.S. imposing new tariffs on key imports with countries already planning retaliation, the world is edging deeper into a long-term trade war. This is not just a bilateral dispute. It signals the acceleration of a broader move away from open globalisation toward protectionism and economic nationalism. For Africa, this rupture in the global order presents both risks and rare opportunities.  Historically positioned on the periphery of global value chains and heavily reliant on …

Business Planning Foreign Trade

Trump’s tariffs trigger boycott of American products

London, April 8, 2025 – Since Donald Trump unveiled his new international tariffs last week, a growing number of social media users have called for a boycott of American products. With the new country-adjusted taxation system, the Trump administration aims to reduce last year’s U.S. trade deficit. However, economists widely agree that the tariffs are more likely to impact consumers than solve trade imbalances. Boycott USA” quickly began trending on X (formerly Twitter), while Google reported a spike in searches related to the boycott across multiple countries. Many users vowed not to visit the United States …

Business Planning Foreign Trade

US reciprocal tariff move risks global trade disruption – ICC

Dhaka, April 8, 2025 – The International Chamber of Commerce (ICC) has termed the United States’ newly announced reciprocal tariff plan a serious jolt to the global trading system, cautioning that the move could destabilise international commerce if met with retaliatory measures. At a press briefing held in Dhaka on Monday, ICC Bangladesh President Mahbubur Rahman presented an official statement from ICC Secretary General, following the announcement of the US trade policy shift. The Paris-based ICC is the world’s largest business organisation, representing over 45 million companies across more than …

Capital market

Trump’s tariff hammers markets as Europe gropes for response

Aboard Air Force One/Tokyo, April 7, 2025 – U.S. President Donald Trump’s sweeping tariffs plans hammered global financial markets on Monday after he warned foreign governments they would have to pay “a lot of money” to lift the levies that he called “medicine”. Asian equity markets sank, European shares crashed to a 16-month-low and oil prices plummeted as investors feared the duties Trump announced last week could lead to higher prices, weaker demand and potentially a global recession. After stocks in mainland China and Hong Kong cratered on Monday, China’s …

Capital market

Asian stock markets crash: China, Japan, Hong Kong and Taiwan markets top losers

New Delhi [India], April 7, 2025 – Asian stock markets witnessed a major sell-off on Monday after US President Donald Trump announced a new round of tariffs. The markets opened with heavy selling pressure, reflecting growing fears over the impact of the tariffs on global trade and economic growth. Japan’s Nikkei 225 index dropped sharply by 5.79 per cent, leading the decline across the region. Hong Kong’s Hang Seng index followed with a steep fall of around 10 per cent. Taiwan’s Taiwan Weighted Index also saw a major slide, losing …

Business Solutions Capital market

Market panic mounts as world scrambles to temper Trump tariffs

Washington, April 7, 2025 – Oil prices dropped below US$60 a barrel for the first time since April 2021, even with countries seeking compromise on tariffs Wall Street was braced on Sunday for significant losses at the start of the week over US President Donald Trump’s punishing tariffs on exports to the United States, as oil prices plummeted even with countries seeking compromise. The Republican has remained defiant since unleashing the blitz of tariffs on stunned nations around the world Wednesday, insisting that his policies “will never change” even as …

Business Planning Trade

US new tariffs will undermine competitiveness of Nigeria’s exports – minister

Abuja, Dr Jumoke Oduwole, the Minister of Industry, Trade and Investment, says the new tariffs announced last week by Donald Trump, the US President, will undermine competitiveness of Nigerian exports in the US.. She said the tariffs could disrupt trade relations between Nigeria and the US as they would particularly affect the competitiveness of Nigerian products in the US market. Oduwole made her observations on the implications of the US new tariffs on Nigeria in a statement on Sunday. The minister said the value of Nigeria’s exports to the U.S. …


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