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Competition drives down Nigeria petrol prices
Competition drives down Nigeria petrol prices
by  AFP

The retail price of petrol in Nigeria has dropped to 860 naira ($0.57) per litre, as a major local refinery drives down prices in a country long forced to import its gasoline. Despite being a major oil producer, Nigeria's state-owned refineries have long been run-down, leading the country to rely heavily on imported petrol.

How will Mexico respond to Trump's tariffs?
How will Mexico respond to Trump's tariffs?
by  AFP

Mexico's targeting by US President Donald Trump's tariffs has put its economy at risk of a recession with a regional free-trade deal in limbo, experts say. - In theory, Mexico and Canada should be protected against US tariffs by a regional free-trade agreement that was renegotiated during Trump's first term.

Writing on the wall as Chinese businesses fret over US trade war
Writing on the wall as Chinese businesses fret over US trade war
by  AFP

At a bustling Shanghai trade fair, exporters of goods ranging from plush toys to chainmail bikinis expressed growing unease at the escalating US-China trade war as new US tariffs took hold on Tuesday. The fair on Tuesday showcased the huge spectrum of such exports -- sellers of everything from bath mats to cosmetics told AFP their businesses would be affected in some way.

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