China to impose export restrictions on steel
China’s Ministry of Commerce announced on Friday that it will introduce a licensing system for steel exports starting in 2026, covering around 300 s...
Nigerian President Bola Tinubu, chair of the Economic Community of West African States (ECOWAS), called on regional leaders Saturday to prioritize economic unity, policy coordination, and stronger investment to unlock West Africa’s full potential.
Speaking at the West African Economic Summit in Abuja, Tinubu highlighted the low intra-regional trade—currently below 10%—as a missed opportunity for growth. “We can’t continue to operate in isolation. This isn’t a lack of will but a failure of coordination,” he said. “The world economy will not wait for West Africa to get its act together.”
Tinubu also stressed the importance of investing in the region’s young population through education, digital infrastructure, and innovation to turn this demographic advantage into sustainable growth.
Nigerian Foreign Minister Yusuf Tuggar called for a renewed focus on free markets, pragmatic governance, and stronger private-sector cooperation to drive transformation.
Liberian President Joseph Boakai urged leaders to keep communication channels open with countries like Niger, Mali, and Burkina Faso, stressing that the door to ECOWAS should remain open for any members that have left.
The summit gathered presidents from Ghana, Sierra Leone, Senegal, Gambia, Benin, Togo, Guinea-Bissau, along with ECOWAS ministers and regional economic institutions to push forward deeper integration and trade cooperation.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
Kyiv has escalated its naval campaign against Moscow’s economic lifelines, claiming a successful strike on a vessel suspected of skirting international sanctions within the Black Sea.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
Turkish President Recep Tayyip Erdoğan and Russian President Vladimir Putin met for a closed-door discussion on the sidelines of the International Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday.
Kazakhstan has begun redirecting part of its crude exports, sending oil from Kashagan to China as the Caspian Pipeline Consortium (CPC) operates at reduced capacity.
Azerbaijan’s post-conflict reconstruction in Karabakh is attracting international attention. The book by British author Graeme Wilson documents this journey, combining first-hand reporting and digital storytelling to highlight both the region’s restoration and the human stories behind it.
Tashkent is hosting the 2025 Fédération Internationale de l’Automobile (FIA) Annual General Assemblies, one of the most significant events in global motorsport and mobility governance, bringing together officials and delegates from around the world.
Iran’s top diplomat, Abbas Araghchi, has welcomed the expansion of ties with neighbouring Azerbaijan, stating that Tehran and Baku are committed to building a ‘shared, secure and mutually respectful’ future, local media reported on Friday.
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