U.S. tariffs on South Africa could cost 100,000 jobs, as trade tensions rise
South Africa faces a 30% tariff from the U.S. on key exports, with the agriculture and automotive sectors hit hardest, while negotiations with the U.S. continue
Ant Group to exit Paytm with $433.72 million stake sale
Ant Group will sell its remaining 5.84% stake in Paytm, with block deals expected to raise 38 billion rupees
Top Trump aide accuses India of financing Russia’s war in Ukraine
India faces 25% tariff as a result of its purchase of military equipment and energy from Russia; Deputy Chief of Staff at the White House Stephen Miller says Delhi is basically tied with Beijing in purchasing oil from Moscow
Over 3,000 Boeing fighter jet workers go on strike after rejecting contract offer
Boeing says it was ready for the work stoppage and will implement a contingency plan that uses non-labor workers
China’s independent oil firms ramp up investments in Iraq amid global major withdrawal
Small Chinese firms aim to double Iraq output to 500,000 bpd by 2030 as Baghdad taps Chinese independents to accelerate production
China’s solar giants quietly shed a third of their workforces last year
Over 40 solar firms have delisted, gone bankrupt or been sold since 2024; Beijing signals intervention to cut capacity, stabilize prices
China welcomes 183 Brazil coffee sellers in wake of US tariffs
New Chinese export permits are valid for five years ahead of a 50% US tariff on some Brazilian products to begin on August 6Â
India to maintain Russian oil imports despite Trump threats, government sources say
Indian officials deny policy change on Russian oil imports; Foreign ministry emphasises independent energy decisions
Oil prices continue decline after OPEC+ announces September production hike amid US economic concerns
Brent crude drops 0.57% to $69.27, while U.S. West Texas Intermediate falls 0.55% to $66.96 after both contracts closed $2 lower last weekÂ
OPEC+ to increase oil production by 547,000 bpd in September amid supply disruption concerns linked to Russia
OPEC+ to reconvene on Sept. 7 to discuss potential reinstatement of 1.65 million bpd output cuts, sources say
Bangladesh secures 20% US tariff, bringing relief to exporters in world’s second-largest garment supplier
Dhaka’s new rate is in line with those offered to other major apparel-exporting countries; Pakistani exporters cautious about impact of 19% tariff
US sanctions force vessels with Russian oil to divert from India, sources say
Three ships were scheduled to deliver Russian oil to Indian ports this month
Oil prices drop $2 a barrel amid concerns over potential OPEC production increase
Oil prices head for weekly gain; Investors weigh impact from Trump threats over Russian oil
Markets dive after Trump hits more countries with steep tariffs
Brazil, Canada, India, among countries hit by steep tariffs; Switzerland stunned, seeks new talks
Oil steadies as concerns about tariff impacts vie with Russian supply threats
Brent crude futures rise 4 cents, or 0.06%, to $71.74, US West Texas Intermediate crude up by 1 cent, or 0.01%, to $69.27