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On April 11, the IMF granted Argentina a US$20-billion financing package, with $12 billion upfront, which allowed them to lift crucial capital restrictions, the foremost impediment to the country’s sustained …
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Current Affairs
The Ruble rises: How the Russian Economy is Withstanding Sanctions
by Kunle Oshobiby Kunle OshobiThe Russian economy has demonstrated remarkable resilience in the face of unprecedented sanctions imposed by Western nations following the country’s military actions in Ukraine. Despite expectations of economic collapse, Russia’s …
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Current Affairs
China’s Hard-line Response to Trump’s Tariff Hikes: Who Blinks First?
by Kunle Oshobiby Kunle OshobiThe Trump administration’s recent tariff hikes didn’t come as a surprise as he had stated during his presidential campaigns that he would increase tariffs on imported goods while reducing the …
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Current Affairs
Africa Feels the Pinch: The Consequences of Trump’s Tariff Hike
by Kunle Oshobiby Kunle OshobiIn a sweeping move, U.S President Donald Trump announced 10% baseline tariffs on imports from all countries while targeting countries with trade surpluses with the U.S, including poor African countries, …
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Economy
Trump’s Trade War Backfires: BYD overtakes Tesla as World’s Largest EV Manufacturer.
by Kunle Oshobiby Kunle OshobiIn a historic shift, Chinese electric vehicle (EV) giant BYD has overtaken Tesla as the world’s largest electric vehicle manufacturer. This milestone marks a significant turning point in the global …
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Current Affairs
Tariffs of Turmoil: The Devastating Impact of Trump’s Trade War.
by Kunle Oshobiby Kunle OshobiWith the collapse of the Soviet Union in December 1991, the United States emerged not only as the world’s only superpower but also became by far the world’s most dominant …
