Category: All Posts in Business Category
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Business

Trump Hikes Steel Tariffs to 50%, Sparking Global Tensions and Industry Debate

WafricNews – June 1st, 2025 WEST MIFFLIN, PENNSYLVANIA – Former U.S. President Donald Trump made what he called a “major announcement” on Friday, doubling down on protectionist trade policies by raisi...

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Volvo Cars to Cut 3,000 Jobs in Major Cost-Cutting Drive

WafricNews – May 27, 2025 Gothenburg, Sweden - Volvo Cars, the Swedish automotive manufacturer owned by China's Geely Holding, has announced plans to slash approximately 3,000 jobs, primarily targetin...

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End of an Era: U.S. Treasury Confirms Penny Will Be Phased Out in 2026

WafricNews – May 22, 2025 Washington, D.C. – After more than two centuries in circulation, the United States will officially stop producing the one cent coin—commonly known as the penny—starting next...

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Millions in the UK Could Receive Up to £70 Each After Mastercard Legal Ruling

WafricNews – May 21, 2025 A landmark legal ruling could see millions of UK consumers receive up to £70 each, following a class action settlement against global payments giant Mastercard.The case, whic...

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Business

Tesla Battery Supplier CATL Sees Stock Surge in Hong Kong Market Debut

WafricNews – May 20, 2025Hong Kong, China – Chinese battery giant CATL, the world’s largest maker of electric vehicle (EV) batteries, saw its shares jump by 18% on their first day of trading in Hong K...

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