New details emerge on the rumoured Osisioma Flyover collapse in Abia, southeast Nigeria, which reportedly killed 19 people. The verified facts have now emerged.
Dr Zacch Adedeji, the Executive Chairman, Federal Inland Revenue Service (FIRS), has revealed that 95 per cent of Nigerians will pay no tax under the new tax regime.
More than 20 years after founding SpaceX, the record-breaking company that transformed the global space industry, Elon Musk is planning to take the enterprise public. - SpaceX is owned by Elon Musk alongside several investment funds.
Cryptocurrency firm Tether said Friday it had submitted a bid to Juventus's main shareholder, Exor, to acquire its entire stake in the Turin football club -- but was quickly rebuffed. Tether, which already has an 11.5-percent stake in Juventus, said in a statement that it "has submitted a binding all cash proposal to Exor to acquire its entire stake".
Venezuela has been sidestepping a US oil export embargo for years, selling crude at a discounted price mainly to China. Since Trump threatened an export tariff of 25 percent on any country buying Venezuelan oil, the country has had to slash its black market prices by as much as 20 percent.
EU finance ministers agreed Friday to impose a three-euro duty on low-value imports into the bloc from July 2026 to help tackle a flood of small parcels ordered via the likes of Shein and Temu.
The European Commission is expected to announce on Tuesday measures relaxing a 2035 ban on new petrol and diesel car sales. - In 2023, despite the reluctance of Germany, the commission announced a ban on sales of new vehicles powered by internal combustion engines from 2035.
Car manufacturers in Europe will have to include more recycled plastics in new vehicles under new EU rules agreed on by the bloc's countries and lawmakers on Friday. Vehicle manufacturing accounts for 10 percent of the EU's overall consumption of plastics, and is responsible for 19 percent of demand for the bloc's steel industry, according to Brussels.
Russia's central bank on Friday said it was suing the Belgium-based Euroclear financial group, which holds Moscow's frozen international reserves, as the EU moves closer to using the funds to support Ukraine. On Friday, Russia's central bank said it was filing "a lawsuit against Euroclear in the Moscow Arbitration Court" due to what it called "the illegal actions" of the institution.
Asian equities rose Friday as investors tracked a record day on Wall Street in the wake of the Federal Reserve's latest interest rate cut. Still, investors in New York continued to look at the positives, pencilling in more cuts next year and pushing the S&P 500 and Dow to fresh records.
Operating a huge cargo lifter, Zhandos Nurmagambetov was stacking containers onto a train before it headed across the steppe of Kazakhstan on a new railway route vital for China-Europe trade. Though Kazakhstan and China share a 1,800-kilometre border, the first container trains to Europe only launched in 2013, said railway official Utegulov.
Economy
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