China will scrap tariffs for all African countries from Friday 1st May, except Eswatini, which maintains ties with Taiwan.   As of December 2024, China had already implemented a duty-free policy for 33 least-developed African nations. The policy now covers 53 countries, and will be in place until 30 April 2028. It is unclear what […]

The United Arab Emirates (UAE) is quitting the OPEC and OPEC+ groups of major oil producing nations next month after nearly 60 years of membership.   The UAE said its decision would help it meet growing global energy demand in the long term after recent investments to boost its production capacity.   It is seen […]

BP’s profits for the first three months of the year have more than doubled following a surge in oil prices since the beginning of the Iran war.   In its first results since the conflict broke out, the energy giant reported profits of $3.2bn between January and March after an “exceptional” performance in its oil […]