Business

China's minister of commerce is in Europe for a week-long trip, with a focus on pushing back against accusations of unfair state subsidies in the Chinese electric vehicle sector.

The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight.

The number of foreign direct investment projects in Europe fell 4 percent in 2023 compared to the previous year, the first decline since the pandemic.

The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.

To mark International Workers' Day, anti-poverty NGO Oxfam has released analysis showing that between 2020 and 2023, shareholders saw their dividend payments increase by 45 percent while workers saw their wages increase by just 3 percent.

Oil marketers in Nigeria have attributed the reoccurrence of petrol scarcity to supply chain bottlenecks. Meanwhile, Angola has increased the price of diesel, as it phases out subsidies on the petroleum product. Rhode Luemba, Head of Flow Sales, Global Markets at Standard Bank Group, joins CNBC Africa to discuss these stories and more.

US Entertainment giant Paramount Global announced on Monday that CEO Bob Bakish was stepping down. In this edition, we take a closer look at how the company's controlling shareholder, Shari Redstone, may have been behind this move and why the firm's value has plummeted 80 percent in the past eight years. Meanwhile in Argentina, President Javier Milei's second attempt at getting his economic overhaul package through parliament is facing fierce opposition.

Nigeria’s Federal Competition and Consumer Protection Commission is intensifying its price monitoring and surveillance exercise across the country in a bid to address irregularities in retail prices of goods and services. Adamu Abdullahi, the acting Executive Vice Chairman and Chief Executive Officer of the Federal Competition Consumer Protection Commission, joins CNBC Africa for this discussion.

Paris's landmark museum is gearing up for the Olympics, with a special exhibition that takes visitors through the history of the Games. We hear more about a project for those who want to combine exercise and culture, as the Louvre launches a fitness circuit that puts participants among the artwork. Plus, a new show shines a light on the work of mysterious Dutch painter Jan van Eyck, and French land artist Saype gets his first solo show in Paris, after painting his immense frescoes on landscapes around the world.

India has kicked off its marathon elections, with nearly a billion people eligible to cast ballots. High on voters' minds will be issues relating to the country's economy.

Global demand for cashew nuts is exploding. Around the world, they're eaten as snacks, dairy replacements or used in cooking. In response, Kenya has been trying to revitalise the sector in the coastal region of Kilifi that once fed thousands. But in some factories, women face dangerous working conditions.

The government of the Democratic Republic of Congo is accusing Apple of using "illegally exploited" minerals extracted from the country's embattled east in its products, lawyers representing the African country said Thursday.