International
Europe Holds Crisis Talks As President Trump Sets Rising Tariffs Over Greenland
Europe Holds Crisis Talks As President Trump Sets Rising Tariffs Over Greenland
Europe holds crisis talks as president Trump sets rising tariffs over Greenland. Mr Trump has repeatedly said he seeks to own Greenland in order to guarantee security in the Arctic.
European leaders were angered and dismayed on Saturday when U.S. President Donald Trump said Washington would impose a 10 per cent tariff on imports from eight countries from February 1, citing disagreements over Greenland.
Mr Trump said the tariff would apply to all goods sent to the U.S. from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland.
The levy would rise to 25 per cent from June 1 and will remain in place “until such time as a deal is reached for the complete and total purchase of Greenland,” he said in his post on Truth Social.
EU Council President António Costa criticised Mr Trump’s threat.
“If we want prosperity, we must open markets, not close them.
“We must create zones of economic integration, not raise tariffs,” he said as he signed a free trade agreement between the EU and the South American trade bloc Mercosur in Paraguay.
“The EU has always been very determined in defending international law – and, of course, especially in the territory of a member state,” he said when asked about Me Trump’s planned tariffs.
Mr Trump has repeatedly said he seeks to own Greenland in order to guarantee security in the Arctic, justifying his plans with security concerns about threats from China and Russia in the region. Largely autonomous Greenland is part of the territory of Denmark, a NATO member.
With a population of just under 57,000, Greenland has said it does not wish to become part of the United States. NATO allies also say that Greenland does not need to be taken over by the U.S. to protect the Arctic.
European Commission president, Ursula von der Leyen and Ms Costa warned of the consequences after Mr Trump’s threatened levies. “Tariffs would undermine transatlantic relations and risk a dangerous downward spiral.
“Europe will remain united, coordinated, and committed to upholding its sovereignty,” the two said in posts on social media.
The EU had actually agreed on a deal with the U.S. last year in the customs dispute, which still has to be approved by the European Parliament.
The deal foresaw the U.S. customs duty of 15 per cent set to apply to most European products.
Meanwhile customs duties on U.S. industrial goods would be completely abolished and barriers to the import of certain foods would be removed.
The leader of the European People’s Party (EPP), Manfred Weber, said that his group supports the tariff deal, but that approval is not possible at this time in view of Mr Trump’s threats.
“The 0 per cent tariffs on U.S. products must be suspended,” he said.
Representatives of the EU member states are set to meet on Sunday for a special session after Mr Trump’s threat.
The Cypriot presidency said an extraordinary meeting at ambassadorial level was convened for the afternoon in response to the latest announcements by the U.S.
It remains unclear whether possible countermeasures will be discussed at Sunday’s gathering.
The EU has an instrument to defend itself against trade pressure, a regulation applying in situations where a third country attempts to use trade measures to force the EU or a member state to make a certain decision.
The regulation allows for counter-tariffs and many other measures, though the instrument is only to be used as a last resort.
The threatened tariffs affect countries that recently sent soldiers on an exploratory mission to the Arctic island at the heart of the dispute.
Mr Trump was angered by the European NATO members that have sent soldiers to the Arctic island for a reconnaissance mission ahead of a military exercise.
In Saturday’s post, the U.S. president strongly criticised the deployment.

Europe Holds Crisis Talks
“Denmark, Norway, Sweden, France, Germany, The United Kingdom, The Netherlands, and Finland have journeyed to Greenland, for purposes unknown,” he wrote, describing this as “a very dangerous situation for the safety, security, and survival of our planet.”
But Ms von der Leyen and Ms Costa said the exercise was in line with the need to strengthen security in the Arctic and did not pose a threat to anyone.
“The EU stands in full solidarity with Denmark and the people of Greenland. Dialogue remains essential, and we are committed to building on the process begun already last week between the Kingdom of Denmark and the U.S.,” they said in posts on X.
Earlier, the head of the Arctic Command, Søren Andersen, told dpa that the military exercise in Greenland was set to continue for several more months.
“What we are currently doing is planning a longer-term exercise, which will continue throughout 2026 and perhaps into 2027,” he said.
“The Germans, as well as the Swedes and Norwegians, among others, are up here to explore the possibilities for joint training here,” Mr Andersen said.
The U.S. was also invited to “train up here” as were all NATO members, Andersen told dpa.
International
UK Court Sentences Fred Akinsanya, Daniel Raji To 21 Years In Prison For Drugging, Raping 15-Year-Old Girl
UK Court Sentences Fred Akinsanya, Daniel Raji To 21 Years In Prison For Drugging, Raping 15-Year-Old Girl
UK Court sentences Fred Akinsanya, Daniel Raji to 21 years in prison for drugging, raping 15-year-old girl. The duo bought their victim drinks at the Irish pub Paddy’s Yard in Brixton, south London, on February 8, 2025.
Inner London Crown Court, on Thursday, heard that the duo of Messrs Akinsanya and Raji bought their victim drinks at the Irish pub Paddy’s Yard in Brixton, south London, on February 8, 2025.
Afterwards, they invited their victim and some of her friends back to Mr Raji’s flat to smoke cannabis and dance. While her friends could not persuade her to leave with them, she was raped and filmed.
Sentencing Messrs Akinsanya and Raji, Judge Richards condemned them for drugging and raping their victim, lamenting the effect of their nefarious act on the 15-year-old victim.
“The fact that you two abused her one after the other clearly aggravates the matter. The victim was harmed for a long time,” Mr Richards said. “Alcohol was used to render her vulnerable, the effect of the alcohol was exploited by both of you. Whilst incapable, she was raped by both of you.”

Breaking News
The judge said the victim “lost her self-confidence. She can no longer go out. She will live with this for the rest of her life.”
While Mr Akinsanya, 34, was sentenced to 10 years for rape, Mr Raji, 29, was sentenced to 11 years upon being convicted of two counts of rape and taking an indecent image of a child.
International
Nigeria, Ireland Sets To Deepen Bilateral, Economic Ties
Nigeria, Ireland Sets To Deepen Bilateral, Economic Ties
Nigeria, Ireland sets to deepen bilateral, economic ties. Mr Chambers revealed that the engagement would foster collaboration and explore investment opportunities.
They said this during Ireland’s Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation, Jack Chambers’, visit to the Lagos Chamber of Commerce and Industry (LCCI).
The aim of the visit was to strengthen economic and trade relations between Nigeria and Ireland and to foster dialogue on infrastructure development, digital transformation, public-sector reform, and investment opportunities.
Mr Chambers stated that his visit to Nigeria was to deepen bilateral trade and investment relations between the two countries.
Mr Chambers revealed that the engagement would foster collaboration and explore investment opportunities across key sectors of the Nigerian economy.
He identified priority areas of interest to include technology, infrastructure development, agriculture, and healthcare, stressing that Nigeria’s large market and growing economy present significant opportunities for Irish businesses.
According to him, Lagos, as Nigeria’s commercial hub and a key economic centre in West Africa, remains an attractive destination for investment and strategic partnerships.
“The roundtable is designed to bring together key stakeholders to discuss opportunities and challenges in Nigeria’s critical sectors and Ireland’s potential role in supporting development, and ways to enhance bilateral trade and investment,” he said.
Mr Chambers added that his visit, the first to Nigeria, also featured the opening of Ireland’s new embassy building in Abuja.
This, he described as the country’s largest capital investment on the African continent and a demonstration of its commitment to Nigeria and the wider region.
The minister said Ireland, though a small country, had developed globally competitive industry hubs in areas such as technology, finance, infrastructure, and agri-food, which could serve as a foundation for deeper collaboration.
He emphasised that partnerships between Ireland and Nigeria would be mutually beneficial, noting that Ireland also offers access to the European Union market of over 450 million consumers.
“The partnerships we seek are two-way and mutually beneficial, based on shared expertise, local knowledge, and long-term commitment,” he said.
The Governor of Lagos State, Babajide Sanwo-Olu, said the minister’s presence was a clear symbol of the deepening friendship and shared aspirations uniting both nations.
Mr Sanwo-Olu, represented by Bimbola Salu-Hundeyin, the Secretary to the State Government, said his administration was committed to nurturing a friendship grounded in shared values, mutual respect, and purposeful collaboration across several sectors.
They include education, governance, healthcare, infrastructure, technology, and economic development, reflecting a commitment to progress, innovation, and prosperity.
The governor revealed that the current Lagos administration was transforming into a more efficient, responsive, and forward-looking government.
“From landmark transport projects like the Lagos Rail Mass Transit and the Blue Line, to the expansion of our road networks, waterways, and improvements in healthcare services, we are committed to making daily life easier, safer, and more productive for our residents,” he said.
He added that Lagos was modernising governance, strengthening its public service, enhancing accountability, and ensuring citizens can access services seamlessly.
Mr Sanwo-Olu said the state’s digital transformation agenda simplified processes, reduced delays, and built a transparent, citizen-focused system.
“We welcome innovative ideas, partnerships, and opportunities that can improve the lives of our people.
“Lagos is a city of opportunity, collaboration, and shared progress.
“We are particularly delighted by the opportunities to deepen our engagement with Ireland, and we believe there is much we can learn from each other, and even more that we can achieve together,” he said.
The president of LCCI, Leye Kupoluyi, said the Nigeria-Ireland roundtable had gone beyond diplomatic engagement to reflect a convergence of shared economic priorities between the two countries.

Nigeria, Ireland
Mr Kupoluyi said the discussions focused on key areas critical to economic transformation, including infrastructure development, efficient public expenditure, digitalisation, and institutional reforms needed to build resilient economies.
He noted that Nigeria and the United Kingdom had recently signed various agreements, including a £746 million deal to redevelop Lagos ports, the expansion of business visas, and other foreign direct investments.
He added that the visit reinforced a critical point: that the future of economic prosperity is increasingly collaborative.
“Nigeria, as Africa’s largest economy, presents vast opportunities across infrastructure development, digital innovation, agribusiness, and industrialisation.
“Ireland, with its strong track record in public sector reform, technology, and investment facilitation, offers valuable lessons and potential for partnership.
“We trust that this engagement marks not an endpoint but the beginning of a deeper, more structured partnership between our two economies,” he said.
Economy
UBA, BII Sign Letter Of Intent To Explore Trade Finance Collaboration Across Africa
UBA, BII Sign Letter Of Intent To Explore Trade Finance Collaboration Across Africa
United Bank for Africa (UK) Limited (“UBA UK”) and British International Investment plc (“BII”), the UK’s development finance institution and impact investor, announced that they have signed a letter of intent to develop trade finance collaboration opportunities.
The proposed initiative aims to expand access to trade and working capital facilities for businesses operating across Africa.
Access to trade finance remains one of the most significant structural constraints on African trade. Businesses, particularly small and medium-sized enterprises, are frequently unable to secure letters of credit, guarantees, and supply chain finance on commercially viable terms, limiting their capacity to export and import competitively. This trade finance gap is estimated by the African Development Bank to be over USD 80 billion annually.
To help close this gap, UBA UK, the London subsidiary of UBA Group, Africa’s Global Bank, will leverage its deep relationships across the Group’s 20-country African network to originate and structure trade finance transactions. While BII, with a mandate to support productive, sustainable, and inclusive growth across Africa, can support transactions that might otherwise fall outside conventional commercial appetite.
“The signing of this letter with BII represents a landmark moment for UBA UK and for the UBA Group’s global ambitions. As the Group’s hub for Trade Operations, UBA UK is uniquely positioned to connect African businesses with the international financial system. Working alongside BII, we can extend that capability further — mobilising capital where it matters most and helping to close the trade finance gap that holds back so much African potential,” said Lok Mishra, Chief Executive Officer, UBA UK
“British International Investment is committed to catalysing private sector growth across Africa, and trade finance is a critical enabler of that growth. We welcome the opportunity to collaborate with UBA Group, whose pan-African network and deep institutional relationships can help advance our ambition to expand access to trade and working capital finance, particularly in frontier markets,” Chris Chijiuitomi, Managing Director and Head of Africa
The announcement builds on growing momentum around intra-African trade facilitated by the African Continental Free Trade Area (AfCFTA), which entered into force in 2021 and represents one of the world’s most significant trade integration initiatives. Both institutions have identified the operationalisation of AfCFTA as a priority catalyst for a trade finance facility, with UBA UK’s network across major AfCFTA economies offering a basis for supporting businesses navigating the emerging continental market.
This also complements the UK Government’s broader engagement with African economic development, including commitments made at the UK-Africa Investment Summit, and reinforces the City of London’s role as a leading international finance centre for Africa-focused capital mobilisation.
Future cooperation remains subject to further assessment, due diligence and the completion of internal approvals by both parties.
ABOUT UNITED BANK FOR AFRICA (UK) LIMITED
UBA UK is the London-based subsidiary of United Bank for Africa Plc, one of Africa’s leading financial institutions with operations across 20 African countries, the United Kingdom, the United States of America, France, and the United Arab Emirates. UBA UK serves as the Group’s hub for Trade Operations, providing a comprehensive suite of trade finance, treasury, and correspondent banking services to institutional and corporate clients worldwide.

UBA
ABOUT UNITED BANK FOR AFRICA GROUP
United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally. Operating in twenty African countries, the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edge technology.
ABOUT BRITISH INTERNATIONAL INVESTMENT
British International Investment is the UK’s development finance institution and impact investor. The organisation invests in businesses in developing countries to improve people’s lives and help protect the planet. BII’s work targets the underlying causes of poverty and the climate crisis, helping countries break free from aid dependency for good.
Between 2022-2026, at least 30 per cent of BII’s total new commitments by value will be in climate finance. BII is also a founding member of the 2X Challenge which has raised over $33.6 billion to empower women’s economic development.
The company has investments in over 1,600 businesses across 66 countries and total net assets of £9.87 billion. For more information, visit: www.bii.co.uk | watch here. Follow British International Investment on LinkedIn, Bluesky and X.
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