AFP
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Nigerians sacrifice cars as cost of living crisis worsens
Nigeria's economic crisis and soaring petrol prices forced Bolaji Emmanuel to give up his driver and his Honda Pilot utility vehicle, as he struggles with spiking living costs. Car dealers in Lagos and Abuja told AFP that they had seen more and more people trading their fuel-guzzling cars and sports utility vehicles (SUVs) for more efficient vehicles to cut costs.
Asian markets swing as China economic growth slows
Asian markets fluctuated Friday after China posted its weakest economic growth in a year and a half, as gold prices hit a record high and following a tepid lead from Wall Street. Gold rose past $2,700 to a new record and crude prices edged up on geopolitical uncertainties after Israel said it killed Hamas chief Yahya Sinwar.
World Bank president focused on job creation ahead of annual meetings
The World Bank will unveil plans to tackle job creation, gender disparities, and food security at next week's gathering of the world's finance ministers and central bankers in Washington, its president said in an interview. The World Bank also plans to announce new goals to tackle global gender disparities and to boost agribusiness to tackle food security.
World Bank chief says lender's climate goals likely safe under Trump
World Bank chief says lender's climate goals likely safe under Trump
Japan's core inflation rate slows in September
Japanese inflation slowed in September with prices up 2.4 percent on-year, not including volatile fresh food, official data showed Friday. Excluding both fresh food and energy, Japanese prices rose 2.1 percent in September.
Netflix adds millions of subscribers but growth slows
Netflix on Thursday said it added more than five million subscribers in the recently ended quarter but signaled slowing growth. While Netflix gained 5.1 million subscribers overall in the quarter, it was a drop from the 8.8 million subscribers it added in the same period a year earlier, with the boost from its password-sharing crackdown appearing to abate.
China expected to post slowing growth as economic woes drag
China is expected to post its slowest growth in a year and a half on Friday, as Beijing struggles to steady an economy shaken by sluggish spending and persistent property sector woes. Analysts surveyed by AFP expect China's economy to have only expanded 4.5 percent in the third quarter of the year.
'Deeply misguided' to wall US off with tariffs: Yellen
US Treasury Secretary Janet Yellen pushed back Thursday on Republican presidential candidate Donald Trump's proposals of high tariffs on allies and rivals, calling such moves "deeply misguided" weeks before the November 5 election.
IMF chief calls for unity on shared challenges in 'deeply troubled times'
The international community must come together despite the "difficult geopolitical environment" to tackle shared challenges like lackluster growth and the existential threat posed by climate change, the head of the IMF said Thursday.
AFP
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