Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Maersk has warned that the impact of the closure of the Strait of Hormuz would be increasingly felt in global trade in the coming months, with the world’s second-largest container shipping line concerned about a…
Facing pressure to address the economic fallout of his war in Iran, President Trump on Monday sought to portray his policy wins for small businesses as evidence that he was succeeding in building up the economy. Speaking to business leaders from across the country at an event in the East Room of the White House,…
Tourism Minister Patricia de Lille says Africa’s Travel Indaba is a powerful celebration of the continent’s extraordinary potential to drive economic growth through tourism. “This is where travel industry professionals gather, including tour operators, hotels, airlines and tourism boards to showcase products, network, negotiate deals and form partnerships with buyers,” De Lille said on Monday….
The second edition of Shaping the Future of African Media, organised by Africa News Agency (ANA) on April 29 and 30 in Accra, brought together media leaders, policymakers, investors, entrepreneurs, digital experts, communication professionals and African creators around an issue that has now become central: transforming African narratives into levers of economic power, global influence…
With the flow of energy through the Middle East still mostly blocked and oil prices rising, policymakers in Europe are confronting the immediate impact of higher costs and trying to decipher the potential economic damage of a prolonged conflict. On Thursday, officials at the European Central Bank and Bank of England are expected to hold…
As Iran stares down the economic consequences of a prolonged blockade of the Strait of Hormuz, attention is shifting north. With Gulf shipping lanes disrupted and oil exports constrained, Tehran may seek to depend less on the Gulf and more on a patchwork of railways, Caspian ports and sanctions-era trade networks linking it to Russia….
Treasury Secretary Scott Bessent declared in mid-April that the United States would not extend a waiver allowing the sale of Russian oil. Two days later, on a Friday evening, the Treasury Department quietly issued another 30-day reprieve. Ukraine’s president, Volodymyr Zelensky, condemned the waiver, saying, ”Every dollar paid for Russian oil is money for the…
The price of diesel has risen much more quickly than gasoline as the U.S.-Israeli war with Iran has choked global oil supplies. That could have severe consequences for the diesel-dependent transportation industry. Since the war began on Feb. 28, the average price of a gallon of diesel has gone up about 45 percent, while a…
Donald Trump casts himself as a champion of American business. In many ways, he is. He has slashed corporate taxes. He is rolling back regulations and embracing industries like artificial intelligence. Yet the payoff is far smaller than many business leaders expected, and our economy is losing momentum. The reason is simple. Mr. Trump’s constant…
Treasury Secretary Scott Bessent claimed on Tuesday that it was difficult to determine the actual causes of climate change, dismissing decades of science that has attributed global warming to the burning of fossil fuels. He instead called on international financial institutions to focus their attention on economic growth and alleviating poverty. The comments came in…
