Author: Press Room

Weighing China's influence in Southeast Asia | Video

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US government debt fell sharply for the second straight day after a $58bn short-term Treasury auction drew weak demand and hedge funds continued to rapidly unwind popular trades.The benchmark 10-year Treasury yield, which underpins trillions of dollars in assets worldwide, jumped 0.11 percentage points to 4.3 per cent on Tuesday. It has risen almost 0.3 percentage points over the past two days — a large jump for an asset that typically moves in small increments. Tuesday’s sell-off is the latest sign of…

A catastrophic roof collapse at an iconic nightclub in the Dominican Republic’s capital, Santo Domingo, has left at least 58 people dead including a provincial governor and former Major League Baseball (MLB) pitcher Octavio Dotel. At least 160 other people were injured and some 400 emergency crews were still working to pull survivors from the rubble as families of the victims gathered at the site searching for their loved ones, authorities said on Tuesday. Juan Manuel Mendez, head of the Dominican Republic’s emergency operations centre, said that efforts to rescue those trapped under the debris were continuing, though the exact…

The fate of a budget blueprint to unlock President Trump’s spending and tax cuts was in doubt in the House on Tuesday as conservative Republicans lined up in opposition to the measure, arguing it would add too much to the nation’s debt.House Republican leaders pressed for a vote as early as Wednesday to move their party’s budget resolution past its next hurdle, after the Senate pushed through the measure in an overnight weekend session. The action would clear the way for the G.O.P. to craft legislation carrying out Mr. Trump’s domestic agenda and move it through Congress over unified Democratic…

Check out the companies making headlines in midday trading: Tech stocks — Shares of megacap technology names fell after initially gaining amid investor optimism that the U.S. would reach deals with other countries to lower tariffs. Apple , which lost around 20% over the past three trading days given its China exposure, finished about 5% lower after rising more than 3% midday. Others such as Nvidia and Tesla also reversed course after advancing about 6% and nearly 5%, respectively. Nvidia closed 1.4% lower, while Tesla shed 4.9%. UnitedHealth Group , Humana — The leading health insurance stocks jumped after the…

Elon Musk slammed President Trump’s top trade adviser as “dumber than a sack of bricks” on Tuesday, exposing a remarkable rift in the president’s inner circle over the wide-ranging tariffs that have upended the global economy.The feud between Mr. Musk and Peter Navarro, who has been the architect of many of Mr. Trump’s trade plans, has been simmering for days as the administration’s new tariffs have caused huge losses across global financial markets.So far, Mr. Trump has not weighed in on the clash between his top aides, both of whom he claims to hold in high regard. But Mr. Musk’s…

Canada’s counter-tariffs on U.S.-made vehicles will come into force first thing Wednesday morning. The move is the federal government’s response to U.S. President Donald Trump’s imposition last week of 25 per cent tariffs on vehicles made outside that country.Finance Minister Francois-Philippe Champagne, who is also running for re-election as the Liberal candidate for Saint Maurice-Champlain, confirmed the counter-tariffs would come into force at 12:01 a.m. April 9.“Canada continues to respond forcefully to all unwarranted and unreasonable tariffs imposed by the U.S. on Canadian products,” Champagne said in a news release.“The government is fully committed to getting these U.S. tariffs removed…

The online hashtag #PenguinsAgainstTrump has provided some much needed humour following US President Donald Trump’s global tariffs.

In SummaryThe African capital market has a market capitalization of about $2 trillion, representing more than 60% of the continent’s $3.1 trillion GDP.As of 2025, Africa hosts over thirty stock exchanges, with 1,100 companies listed in the stock exchange market.Africa’s equity markets account for less than 10% of annual capital flows, which include foreign direct investment and remittances, on the continent.Deep Dive!!Development Finance Institutions (DFIs) have long played a catalytic role in shaping Africa’s economic trajectory. As the continent grapples with deepening climate vulnerabilities, infrastructure gaps, and youth unemployment, DFIs are evolving beyond traditional mandates.According to reports, the African capital…

Trump pressed ahead with a trade warPresident Trump is facing blowback from trading partners, businesses and investors over sweeping tariffs, with a new wave set to snap into effect today. Those include another 50 percent duty on China. As a result, tariffs on Chinese goods imported to the U.S. will be at least 104 percent.U.S. officials signaled that the administration was ready to negotiate deals but that would not stop stiff tariffs from taking effect. About 70 governments have approached the U.S. to try to roll the levies back, officials said in Washington. Talks are set to begin with Japan,…