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The question of who ultimately bears the cost of tariffs has been a subject of debate. Recent analysis indicates that U.S. importers, rather than foreign producers or consumers, have primarily absorbed the additional customs duties imposed. Economic Analysis of Tariffs Economists at the Federal Reserve Bank of New York observed that foreign producers have largely […]
The Thirty-Ninth Ordinary Session of the Assembly of the African Union (AU) concluded today in Addis Ababa, Ethiopia. African Heads of State and Government participated in two days of deliberations. The session, chaired by H.E. João Manuel Gonçalves Lourenço, President of the Republic of Angola and Chairperson of the African Union for 2025, marked the […]
The Trump administration is ending federal involvement in reforming local police departments, reversing efforts initiated after the deaths of George Floyd and Breonna Taylor. This action includes canceling proposed settlements with Louisville, Kentucky, and Minneapolis, Minnesota, that would have placed those cities under federal oversight. Withdrawal of Settlements and Reports The United States Department of […]
Kenya’s private sector economy continued to expand in December, according to the latest data. The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) indicated sustained growth, supported by strong customer demand and rising business activity. December PMI Results The Stanbic Bank Kenya PMI reported that the private sector economy experienced solid growth during December. This expansion […]
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