Economy
Cement: Skyrocketing prices of building materials put homeownership out of reach for many Nigerians
The cost of building supplies particularly cement and iron rods, sometimes referred to as reinforcement, increased by more than 100 percent in the past 12 months.
Burberry launches turnaround plan as posts loss
Troubled British fashion house Burberry on Thursday announced cost-cutting plans after posting a loss, with the global luxury sector pressured by weak Chinese demand. China is the world's biggest spender in the luxury sector, accounting for half of global sales.
Greece's ambitious 'smart city' by the sea takes shape
High above the sparkling surface of the Athens coastline, the cranes for building the 50-floor luxury tower centrepiece of Greece's future "smart city" look out over the Saronic Gulf. - A 'smart city' - The former terminal, a listed building since the airport relocated in 2001, is to be converted into an exhibition hall.
Corruption overshadows Ukraine's multi-billion reconstruction progam
When Bart Gruyaert agreed to help rebuild destroyed apartment blocks outside Kyiv, he hoped to be one cog in Ukraine's vast reconstruction programme, repairing just some of the damage wrought by Russia's invasion. For some officials, Russia's invasion has provided new opportunities for personal enrichment.
Dating apps move to friend zone in search of profits
Burnt-out love-seekers are shunning dating apps in their millions, but the apps are trying to woo them back with a counter offer: If you don't want a lover, perhaps you just need a friend?
As Trump returns, African exporters torn between hope and horror
Citrus growers in South Africa are among the businesses most nervous that duty-and-quota-free exports to the United States could be scrapped next year when Donald Trump takes office again.
Asian markets mixed as traders weigh Fed; bitcoin above $90,000
Asian markets diverged Thursday as investors digested US inflation data that supported the case for another interest rate cut next month but worries over the next Trump administration continued to cloud optimism. The figure lifted hopes that the Federal Reserve will cut rates again next month, though officials at the bank trod a careful road.
Buy now, pay later: Latin America pressured by Chinese online shops
Isidora Olave opens a package containing a T-shirt, a skirt and a handful of glitter stickers shipped to her front door in Santiago, Chile, all the way from China almost 20,000 kilometers (11,800 miles) away. "I bought it from Shein because I needed it for a specific occasion and it was cheaper than buying it here in Chile," Olave told AFP in Santiago of her latest online acquisition.
Trump victory signals golden era for crypto industry
Donald Trump's triumphant return to the White House signals a potential golden era for cryptocurrencies, whose influential backers heavily supported his presidential bid.
Economy
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