Economy
WhatsApp, Meta to pay $220 million fines as tribunal dismisses appeal, reasons emerge
The tribunal gives WhatsApp and Meta 60 days period to comply with all of its directives and pay the fines. They must also make major changes to data practices.
EU, US should de-escalate and negotiate trade deal: IMF Europe director
The United States and European Union need to "de-escalate" and "negotiate a deal" to help boost lackluster growth on the continent, the International Monetary Fund's Europe director said Friday. "An effort needs to be made to de-escalate and to negotiate a deal," he said, adding he hoped the negotiations would be successful.
Lego block: Dutch court rules mould maker can't use toy trademark
A Dutch court Friday ordered a local concrete block mould manufacturer to scrap the word "Lego" on its website, saying using one of the world's most famous trademarks gave it an "unfair advantage". On Friday, "the judge ruled that Betonblock is taking unfair advantage of the use of the word 'Lego'," The Hague District Court said.
World Bank gives reasons Nigerians will be poorer by 2027
The World Bank has provided insight into the state of Nigerians amid various economic reforms embarked upon by the administration of President Bola Tinubu.
MTN sends message to subscribers as cyberattack exposes user data in several countries
The cyber attack targeted the MTN group, and it is reported that customer data in several countries have been exposed to third parties in this incident.
Trump claims China's Xi called him on tariffs
US President Donald Trump has insisted Chinese leader Xi Jinping called him despite Beijing denials of any contact between the two countries over their bitter trade dispute. "He's called," Trump said.
TikTok exploits trade war to shift fake luxury goods
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. The accusation that luxury goods officially manufactured in Europe were in reality being secretly made in China "does not make any sense", concurred Michel Phan, professor of luxury marketing at emlyon business school in France.
Nigeria Customs Service releases list of items seized in Q1 2025, rice tops
The Nigeria Customs Service shared that about N1.3 billion worth of goods were seized, with rice being the most confiscated commodity, followed by fuel.
Russia holds key rate at two-decade high despite slowdown fears
Russia's central bank kept borrowing costs at a two-decade high of 21 percent on Friday to combat rampant inflation, despite banks and businesses warning the economy was headed for a slowdown. In a statement announcing the rate decision, Russia's central bank acknowledged lending activity was "subdued" but that inflation, running above 10 percent, was still too high.
Economy
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