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Nigeria and the US signed an agreement on the sidelines of the UN General Assembly to deepen American investment in Nigeria's mining sector, valued at around $700 billion. Nigeria's mining minister said the framework covers geological data, exploration, mineral development and processing, infrastructure and technical capacity, with a focus on expanding local processing and job creation.

Nigeria and the United States signed a deal to boost mining investment.

Bristol-based Vertical Aerospace has announced the UK's first air taxi assembly centre at Cotswold Airport near Kemble, Gloucestershire, where it will build its electric Valo aircraft. The four-passenger vertical take-off aircraft, which has a range of up to 160km with no operating emissions, is set to begin production in late 2027, with 25 built annually before scaling to 900 a year by 2035. The company has 1,500 orders and aims to certify the aircraft for commercial use by 2029.

Ethiopian Airlines has grown from its 1946 founding into one of Africa’s most extensive aviation networks, linking Addis Ababa to destinations across the continent and to Europe, Asia, the Middle East and the Americas. The airline’s expansion now extends to the new Bishoftu International Airport, planned with an initial annual capacity of 60 million passengers and an ultimate capacity of up to 110 million.

Marine war-risk premiums for ships crossing Bab el-Mandeb have held near 3 percent of vessel value despite intensified attacks in early September, while political violence and terrorism cover is approaching 10 percent as underwriters grow more selective. The split pricing reflects a corridor treated as both a war zone and a terrorism zone, pushing more cargo onto Cape of Good Hope diversions and raising freight and delay costs for Horn of Africa economies. Saudi Arabia has meanwhile shifted larger crude volumes through Oman's Port of Sohar after drone damage disrupted its Red Sea pipeline route, further reducing commercial traffic through the strait.

Houthi forces have seized Mayyun Island, also known as Perim, and taken control of Yemen's Red Sea coastline, placing Bab el-Mandeb traffic under direct pressure about 20 kilometres from the African shore. Traffic through the strait has fallen sharply from pre-crisis levels as war-risk costs and Cape of Good Hope diversions raise freight, insurance and fuel expenses for Ethiopia, whose seaborne cargo moves almost entirely through Djibouti. More than 2,000 people fled Yemen into Djibouti within about a day of the advances, concentrating humanitarian needs around Obock while Egypt's Suez Canal revenues remain roughly 60 percent below normal.

The head of the IMF, Kristalina Georgieva, has warned advanced economies including the UK and US that they must cut borrowing and bring down debt levels as spiralling government interest costs strain public finances. Speaking at the UN General Assembly in New York, she said global economic shocks had pushed debt levels up "like a staircase not to heaven" and urged politicians to find the courage to take tough fiscal steps. Her intervention came as UK borrowing hit £18.3bn in August, higher than forecasts, and US debt surpassed $40tn.

Ethiopia’s consumer price index rose 15.1 percent year over year in August, slowing slightly from 15.3 percent in July and ending a five-month upward trend. Food inflation eased to 14.8 percent while non-food inflation climbed to a 13-month high of 15.4 percent, keeping inflation well above the central bank’s single-digit target.

BRICS adopted the New Delhi Declaration (2026), positioning itself as a champion of the Global South with an ambitious blueprint for reforming international financial institutions and trade architecture. The declaration, framed around resilience, innovation, cooperation, and sustainability, also faces operational snags in its implementation.

Property investors may pay less capital gains tax under Labor's reforms, according to new analysis.

Poundland, along with its 11,000 employees, is expressing hope for a last-minute rescue deal to delay its impending collapse and avoid immediate administration.

የትግራይ ንግድና ገበያ ልማት ቢሮ፣ ከመቐለ የነዳጅ ማደያ ባለቤቶች ጋር ተወያየ።

Lime's profits have doubled as rider numbers surged in England.

Silicon Valley's plan to reshape the world with AI is meeting resistance from ordinary Americans, who are pushing back against data centers in their communities with moratoriums and bans. Surveys show 73% of Americans believe data center costs outweigh benefits and 70% think AI is bad for society. The technologists who once dismissed democracy as too slow now find themselves forced to sell their vision to a skeptical public.