Senator Ireti Kingibe joined the ADC in Abuja, leaving Labour Party after months of speculation, becoming its only serving Senator and boosting opposition politics.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
Nigeria could face significant economic consequences following new travel restrictions announced by the United States over security and overstay concerns.
Two of Mexico's top low-budget airlines said Thursday they had agreed to merge, setting up a deal that could create one of the country's largest domestic carriers. The deal, expected to close in 2026, is subject to regulatory approval in Mexico and could draw opposition from the budget airlines' main competitor, Aeromexico.
For a reading of Wall Street's shifting mood on the artificial intelligence investment boom, take a look at the daily fluctuations of Oracle stock, analysts say. Analysts bullish on the stock have emphasized its huge growth potential with the AI boom.
The Bank of Japan hiked interest rates to a 30-year high of 0.75 percent on Friday, the first increase since January, as it said the economy had shown signs of improvement. However, with worries about the global outlook and US tariffs growing, it paused at the start of 2025, with the last increase in January taking rates to their highest level in 17 years.
Asian markets rose Friday as a below-forecast read on US inflation boosted hopes for another interest rate cut next month, while blockbuster earnings from chip firm Micron helped soothe nerves over a tech bubble.
TikTok boasts over a billion users worldwide, including more than 170 million in the United States, it says -- nearly half the country's population. The platform has faced scrutiny from governments worldwide, particularly in the United States, over data privacy and potential ties to the Chinese government, including accusations of spying and propaganda.
President Donald Trump signed a sweeping defense policy bill into law Thursday that signaled strong bipartisan support for Europe and defied the US leader's increasingly hostile posture toward NATO and America's closest allies.
TikTok said Thursday it had signed a joint venture deal with investors that would allow the company to maintain operations in the United States and avoid a ban threat over its Chinese ownership, US media reported.
Nike reported a drop in quarterly profits Thursday, citing a drag from higher US tariffs and continued weakness in China in results that sent shares sharply lower. But tariffs remained a drag.
Economy
Load more