Trade Relations

Trump pauses tariffs on big 3 US automakers for one-month

US President Donald Trump has granted the three main US car makers a one-month reprieve on tariffs. They were impacted when 25% tariffs on Mexico and Canada goods began on Tuesday. Nick Harper reports from Washington.

6 March, 2025 62

Business / Economics

Trump trade war intensifies with new and retaliatory tariffs

Mexico, Canada and China are quickly retaliating after President Donald Trump slapped them with fresh tariffs overnight. Goods coming from the US's northern and southern neighbors are now subject to a 25% duty, while the tariff on Chinese goods doubled to 20%. The action threatens to intensify a painful and costly trade war. Toni Waterman has more:

5 March, 2025 104

Business / Economics

S.A’s President believes that South Africa and the US could still work together

S.A's President Cyril Ramaphosa believes that South Africa and the US could still work together and find solutions to their differences. This is as both US Secretary of State, Marco Rubio, and Treasury Secretary, Scott Bessent, have opted not to attend the G20 foreign ministers’ meeting currently being held in Johannesburg, but instead sent senior diplomats as replacements. Speaking to the media on the sidelines of the meeting on Thursday, […]

21 February, 2025 101

South Africa

S.A’s ACDP leader Kenneth Meshoe says unemployment remains too high

S.A's ACDP leader Kenneth Meshoe says unemployment remains too high, with many qualified doctors struggling to find work. He warns losing the African Growth and Opportunity Act could have serious economic consequences for South Africa. President Cyril Ramaphosa’s state of the nation address was under scrutiny for a second day yesterday. Debating the address, Meshoe said the ACDP supports sending a delegation to the United States to engage with the […]

13 February, 2025 84

Business / Economics

Modi-Macron to chair AI summit

India's Prime Minister Narendra Modi and French President Emmanuel Macron will co-chair the AI Action Summit today. Boosting trade and civil nuclear partnership could also be high on Modi's agenda, as Ishan Garg tells us from New Delhi.

11 February, 2025 95

World

Chinese state media plays down inauguration

U.S President Donald Trump held off unveiling China-specific tariffs on his first day in office, and said he would be having "meetings and calls" with Chinese President Xi Jinping. Initial reaction to US President Donald Trump's inauguration speech was fairly muted in China. Laura Westbrook has more.

21 January, 2025 44

Business / Economics

10 January 2025 Morning Biz News Update: Growth in Milk Production, Trade Relations, and Economic Challenges

Milk Production Surges Namibia’s milk production saw a notable increase in the third quarter, reaching 4.2 million litres, which marks a 7.5% year-on-year growth and an 11% rise compared to the previous quarter. According to the Bank of Namibia, the growth is attributed to the rise in the number of milk-producing cows and technological advancements that have improved production efficiency, reinforcing the positive outlook for the local dairy industry. […]

10 January, 2025 19

Business / Economics

S.A’s Ramaphosa Urges Stronger Trade and Investment with Angola

S.A President Cyril Ramaphosa has called for stronger trade and investment ties between South Africa and Angola. Speaking during the state visit of Angolan president João Lourenço, Ramaphosa said both countries must explore new economic opportunities beyond the oil sector, particularly in areas such as infrastructure, agriculture, and renewable energy:

13 December, 2024 59

Africa

Biden Expresses Pride In Visit to Angola

US President Joseph Biden expressed pride in being the first American president to visit Angola as he began talks with President João Lourenço. And according to BBC Africa, the discussions at the presidential palace in Luanda focused on security and trade, with the US government backing a new 1,300km railway project linking an Angolan port to mining regions in the Democratic Republic of Congo and Zambia.

4 December, 2024 16