International
UK manufacturing industry shrinks at fastest rate in 11 months
Concerns remain about the outlook for global trade in 2025, with Donald Trump assuming the US presidency later this month having promised a slew of trade tariffs.

Yahoo!finance: British factory output contracted at the fastest rate in 11 months in December, amid a swathe of job losses, growing concerns about rising business taxes and a worsening global economy.
The S&P Global UK manufacturing PMI survey, watched closely by economists, recorded a reading of 47.0 in December, from 48.0 in November.
Any reading above 50 indicates activity is growing while any score below means it is contracting.
The rate of job cuts hit a 10-month high, the survey found, with firms saying weak market conditions caused many to reduce their headcounts.
Company confidence fell to a two-year low, meanwhile, amid concerns about inflationary pressures, rising business costs and potential weaker economic growth this year.
Manufacturers said they were concerned about future cost increases, partly driven by rising taxes announced by Chancellor Rachel Reeves last year.
Companies will pay more in national insurance contributions (NICs) from April, while the minimum wage is also set to rise, which will make it more expensive to employ people.
Firms also cited a weakening global economic outlook, as exports fell due to lower demand in Europe, Asia and the UK.
Concerns remain about the outlook for global trade in 2025, with Donald Trump assuming the US presidency later this month having promised a slew of trade tariffs.
Rob Dobson, director at S&P Global Market Intelligence, said: “A stalling domestic economy, weak export sales and concerns about future cost increases led to the steepest contraction of UK manufacturing production for almost a year in December.
“Manufacturers are facing an increasingly downbeat backdrop. Business sentiment is now at its lowest for two years as the new Government’s rhetoric and announced policy changes dampen confidence and raise costs at UK factories and their clients alike.
SMEs are being especially hard hit during the latest downturn.
“This is sending a winter chill through the labour market. December saw the sharpest cuts to staffing levels since February.
Some companies are acting now to restructure operations in advance of the rises in employer national insurance and minimum wage levels in 2025.”
International
UK, Nigeria launch creative industries technical Working Group

The UK and Nigeria have officially launched the Creative Industries Technical Working Group, marking a pivotal development in the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP).
This partnership aims to deepen bilateral ties and create a robust framework for growth within the creative sectors of both nations.
A statement by the UK High Commission in Lagos said the launch of this working group and a match-making event for UK-Nigeria creative industries leaders today in London represents a milestone in the UK-Nigeria relationship, designed to boost innovation, cross-border creative collaborations, and sustainable economic growth and development.
It said both events provided a dynamic platform to explore new opportunities and form commercial alliances within key creative subsectors such as Film and TV, Music, Fashion & Design, Architecture, Advertising, and Gaming.
The initiative is poised to foster long-term growth, enhance job creation, and unlock new pathways for creativity and innovation in both countries by prioritising collaboration and cultural exchange.
Speaking on the significance of the launch, Florence Eshalomi MP, the UK’s Trade Envoy to Nigeria and Co-Chair of the UK-NG Creatives Technical Working Group, said: “Today marks a significant moment as we launch the UK-Nigeria Creatives Working Group.
Our nations share a rich cultural bond and a deep belief in the transformative power of creativity, through music, film, fashion, and the arts.
“This initiative, rooted in our landmark Enhanced Trade & Investment Partnerships (ETIP), will drive stronger trade ties, foster deeper collaboration, and unlock the full potential of our creative industries.
“By enhancing market access and investing in skills, we are opening doors to new opportunities that will create jobs and boost economic growth in the UK and Nigeria.”
Emphasising the need for deeper creative and cultural ties, Mr Obi Asika, Director General of the National Council for Arts and Culture and Co-Chair of the UK-NG Creatives Technical Working Group in Nigeria, said: “Nigeria’s creative economy is a global force, driven by our storytellers, musicians, designers, and digital innovators.
From Nollywood to Afrobeats, fashion to gaming, our industries are reshaping global culture and commerce.
“However, to unlock the full potential of this sector, we need strategic investment and support not just in talent, but in the institutions and infrastructure that will sustain long-term growth.”
Representing Mr., Obi Asika from the Nigerian side, Prince Baba Agba, Special Assistant to the President of Nigeria on Creativity, underscored the importance of leveraging UK expertise for impactful collaborations, adding:
“The UK’s creative industries stand as a global benchmark for institutional excellence, market distribution, and innovation.
We are eager to tap into your expertise for meaningful partnerships.
“This Working Group isn’t just about discussions – it’s about taking concrete actions that will yield tangible outcomes for creators, businesses, and industry stakeholders on both sides.”
International
Ukraine to present US with Russia partial ceasefire deal

Ukraine will present the United States on Tuesday with a plan for a partial ceasefire with Russia, hoping to restore support from its key benefactor, which under President Donald Trump has demanded concessions to end the three-year war.
The talks in Saudi Arabia come as Russia has ramped up attacks against Ukraine and Kyiv has hit back, including with an overnight attack on Moscow involving dozens of drones, the city’s mayor said Tuesday.
The meeting will be the most senior since a disastrous White House visit last month when Trump berated Ukraine’s President Volodymyr Zelensky for purported ingratitude.
Since Trump’s dressing down of Zelensky, Washington has suspended military aid to Ukraine as well as intelligence sharing and access to satellite imagery in a bid to force it to the negotiating table.
Zelensky, who wrote a repentant letter to Trump, flew to the port city of Jeddah to meet Saudi rulers, but was leaving the talks to three top aides.
US Secretary of State Marco Rubio, who will be joined by Trump’s national security advisor Mike Waltz, said the aid suspension was “something I hope we can resolve” in the talks on Tuesday.
“Hopefully, we’ll have a good meeting and good news to report,” Rubio said.
Rubio said that the United States had not cut off intelligence for defensive operations.
Zelensky left the White House without signing an agreement demanded by Trump that would give the United States access to much of Ukraine’s mineral wealth as compensation for past weapons supplies.
Zelensky has said he is still willing to sign, although Rubio said it would not be the focus of Tuesday’s talks.
Russia has since escalated its strikes against Ukrainian infrastructure and retaken villages in its Kursk region that Ukraine had captured in a bid for bargaining leverage.
On the eve of the Saudi talks, Ukraine carried out what Moscow mayor Sergei Sobyanin described as a “massive” attack on the Russian capital, with 69 drones intercepted as of early Tuesday morning.
The attack killed at least one person and injured another three, according to Andrei Vorobyov, governor of the Moscow region.
– Forced into concession –
In the White House meeting, Zelensky refused to bite his tongue in the face of criticism from Vice President JD Vance, with the Ukrainian leader questioning why his country should trust promises from Russia which launched a full-scale invasion in 2022 despite previous diplomacy.
But faced with Washington’s pressure, Ukraine will lay out its support for a limited ceasefire.
“We do have a proposal for a ceasefire in the sky and ceasefire at sea,” a Ukrainian official told AFP on Monday, speaking on condition of anonymity.
Because these are the ceasefire options that are easy to install and to monitor, and it’s possible to start with them.
”Rubio signalled that the Trump administration would likely be pleased by such a proposal.
“I’m not saying that alone is enough, but it’s the kind of concession you would need to see in order to end the conflict,” he told reporters.
“You’re not going to get a ceasefire and an end to this war unless both sides make concessions.”
“The Russians can’t conquer all of Ukraine and obviously it will be very difficult for Ukraine in any reasonable time period to force the Russians all the way back to where they were back in 2014,” Rubio said, referring to the time of a partial offensive and Russian seizure of the Crimea peninsula.
In a meeting with Saudi Crown Prince Mohammed bin Salman ahead of the US-Ukraine talks, Zelensky discussed Ukraine’s conditions for any permanent peace deal, including the release of prisoners and the return of children Kyiv accuses Moscow of abducting, the Ukrainian leader’s office said in a statement Monday.
The two leaders “discussed the possible mediation of Saudi Arabia in the release of military and civilian prisoners and the return of deported children”, the statement said.
“The leaders exchanged views on the formats of security guarantees and what they should be for Ukraine so that war does not return again.”
– Reporting back to Russia –
Rubio said he did not expect to sit in a room in Jeddah with the Ukrainians “drawing lines on a map” towards a final deal.
But Rubio said he would bring the ideas back to Russia. Rubio and Waltz met last month, also in Saudi Arabia, with counterparts from Russia, ending a freeze in high-level contacts imposed by former president Joe Biden after Russia defied Western warnings and launched its invasion.
Trump last week also threatened further sanctions against Russia to force it to the table as it carried out strikes on Ukraine.
But Trump’s abrupt shift in US policy has stunned many allies. Rubio said the United States was objecting to “antagonistic” language on Russia at a gathering of Group of Seven foreign ministers later this week in Canada.
German Foreign Minister Annalena Baerbock called the scene from the White House “unspeakable” and described a “new age of infamy” that will require Europeans to shoulder more responsibility.
French senator Claude Malhuret, in a speech that went viral in the United States even in translation, said that Trump had failed to see through Kremlin propaganda and that Russia was failing in Ukraine, picking up only small pockets of land after three years attacking a smaller country.
“The American lifeline to Putin is the biggest strategic mistake ever made during a war,” he said.
AFP
International
JUST IN: US conducts first firing squad execution in 15 years

Sixty-seven-year old Brad Keith Sigmon, an inmate at the South Carolina Department of Corrections in the United States, was executed by firing squad on Friday.
It was the first such execution in the US since 2010, and the fourth since capital punishment was reinstated in 1976, according to the Death Penalty Information Center.
Sigmon selected the firing squad out of three state-approved methods of execution; others are lethal injection or the electric chair.
Convicted of double homicide, he was declared deceased by a physician at 6:08 p.m. ET, officials announced at a news conference.
Sigmon was found guilty of the deaths of his former girlfriend’s parents in 2001. He kidnapped the ex-girlfriend after the murders, but she broke free.
“I want my closing statement to be one of love and a calling to my fellow Christians to help us end the death penalty,” Sigmon appealed in a statement.
The convict also quoted Bible verses on forgiveness, and said, “Nowhere does God in the New Testament give man the authority to kill another man.”
Sigmon’s attorneys filed a petition to stop his execution, seeking executive clemency and commutation of the death penalty to life imprisonment without parole.
The lawyers noted that he committed the crimes and “stood trial while in the grip of an undiagnosed, inherited mental illness.”
But the last minute push was unsuccessful as the Supreme Court and South Carolina Governor Henry McMaster declined to approve leniency.
-
Business3 days ago
MAN Raises Concerns About Astronomical Charges Imposed By Financial Reporting Council on Private Companies
-
News2 days ago
Natasha’s beauty a problem to her, says ex-works minister, Ogunlewe
-
News2 days ago
JUST IN: FG extends civil service recruitment deadline to March 17
-
News2 days ago
JUST IN: Fire guts building at Geometric Power premises, Aba Power Plant
-
News2 days ago
JUST IN: Kogi Gov’t Mourns As Ex-Deputy Gov Adaba Dies at 79
-
News2 days ago
JUST IN: El-Rufai resigns from APC, joins SDP
-
News3 days ago
SGF Akume, Where’re our Appointments Letters, Please?
-
Health2 days ago
BREAKING: Lassa fever: UK visitor tests positive as death toll hits 98 in 2 months