Business

Oil rises for 5th session as stockpiles fall

(NEW YORK) – Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time since the financial crisis more than a decade ago. Brent crude futures LCOc1, the international benchmark for oil prices, were […]

Business

United States to discuss more on trade with China

(SHANGHAI) – American and Chinese negotiators agreed to meet again in the United States in September after holding “frank” and “constructive” talks in Shanghai on Wednesday, state media said following meetings overshadowed by a Twitter tirade from President Donald Trump. US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer met with Vice Premier Liu […]

Diplomatic Channel

United States will reduce African troops

The United States is considering to reduce by half its counter-terrorism troops based in Africa over the next three years. This followed a consideration for a sharp reduction in its special forces operations in Somalia and other African countries. About 6,000 American soldiers are currently assigned to several African countries, according to the US Africa […]

Diplomatic Channel

United States Proposes Hefty Import Curbs on Steel, Aluminum

(WASHINGTON) The U.S. Commerce Department has recommended that President Donald Trump impose steep curbs on steel and aluminum imports from China and other countries ranging from global and country-specific tariffs to broad import quotas, according to proposals released on Friday. China’s Commerce Ministry responded by saying the report was “baseless” and did not accord with […]

Economic Report

US seeks to boost local production of 35 minerals

Africa’s mineral export will be hit very soon as the United States plans to boost domestic production of 35 critical minerals including uranium, cobalt and lithium, in pursuance of President Donald Trump’s America First policy. The US said the 35 minerals are critical materials used in basic manufacturing, batteries and electronics. In the full list […]