Latest

UK economy unexpectedly shrinks in January in blow to govt
UK economy unexpectedly shrinks in January in blow to govt
Business and Economy
by  AFP

Britain's economy unexpectedly shrank in January, official data showed Friday, piling more pressure on the Labour government ahead of its Spring Statement on the economy. The data provides a fresh blow to the government and Prime Minister Keir Starmer, who has put growing the UK economy at the top of his mission since Labour won a general election in July.

BMW warns on tariffs, China as 2024 profits plunge
BMW warns on tariffs, China as 2024 profits plunge
Business and Economy
by  AFP

German premium carmaker BMW warned Friday of continued challenges in 2025 from trade tensions and weak demand in China after reporting a plunge in profits last year. The Munich-headquartered group joins other German automakers in reporting sharply lower profits amid a choppy transition to electric vehicles and slowing demand in key market China.

East DR Congo mines mint Rwanda-backed M23's fortune
East DR Congo mines mint Rwanda-backed M23's fortune
Business and Economy
by  AFP

Mine shafts snake under the eastern Democratic Republic of Congo's mountains, but instead of the Congolese government their rich veins are making a mint for the Rwanda-backed M23. - 'Forced labour' - Sources close to the Congolese government accuse Rwanda of leading a war for control of the region's particularly fertile agricultural land.