The action is part of Guinea’s sweeping sector-wide reform aimed at curbing regulatory violations, boosting revenue collection, and ensuring that mining activities contribute more directly to national development goals. The government sources say the number of affected permits could be as high as 53, in what analysts interpret as a signal to larger operators that […]
The United States and China have announced that they have reached a deal to reduce reciprocal tariffs temporarily, as the world’s two largest economies work to resolve a trade war that has unsettled the global economic outlook and rattled financial markets. Speaking after discussions with Chinese officials in Geneva, US Treasury Secretary Scott Bessent told […]
Analysts at JPMorgan estimated that the price of gold could reach $6,000 per ounce by 2029, up from about $3,300 now, if just 0.5% of U.S. assets held by foreign investors is reallocated to the precious metal. Gold has been on a tear in recent years and picked up even more momentum after President Donald Trump […]
The high-level meeting on economic and trade affairs between China and the U.S. in Geneva was candid, in-depth and constructive, Chinese Vice Premier He Lifeng said on Sunday. Substantive progress has been made and important consensus has been reached between the two sides, said He, also the Chinese lead person for China-U.S. economic and trade […]
President Trump’s latest big move in the Middle East doesn’t involve proposing a peace treaty, nor a trade deal, but instead a high-rise. The Trump Organization and developer DarGlobal have revealed plans for a supertall skyscraper in Dubai that the firms say will boast the world’s highest outdoor swimming pool. The Trump International Hotel & […]
California’s economy has surpassed Japan’s, making the Golden state the fourth largest economy in the world, Governor Gavin Newsom announced on Thursday. The state’s nominal GDP reached $4.1tn, according to data from the International Monetary Fund and the US Bureau of Economic Analysis, edging out Japan’s $4.02tn nominal GDP. California now ranks behind the US at $29.18tn, China at $18.74tn […]
China’s central bank will not allow sharp renminbi declines and has asked major state-owned banks to reduce US dollar purchases, people with direct knowledge of the matter said on Wednesday (Apr 9). The directive from authorities comes as the renminbi faces heavy downward pressure following massive US tariffs on Chinese exports and retaliatory moves by […]
The World Bank on Wednesday cut its 2025 economic growth forecast for Latin America and the Caribbean to 2.1% from its January forecast of 2.5%, saying regional economies must adapt to navigate increasing global uncertainties. The global lender cited a delay in interest rate cuts in developed economies, concerns around global trade restrictions, slowing growth […]
China will allow certain products traded on the Shanghai Gold Exchange to be delivered overseas by establishing storage facilities in other countries – part of a broader effort to promote the yuan and reduce reliance on the US dollar and US financial systems, according to top regulatory agencies. In an action plan aimed at enhancing […]
President Donald Trump and his administration are reportedly planning a pressure campaign to convince U.S. trading partners to isolate China in exchange for reduced tariffs. The administration is negotiating with more than 70 countries to secure commitments to limit their dealings with Beijing in exchange for reduced tariffs and barriers to trade, the Wall Street Journal reported, […]