Tensions rise as Iran shuts the Strait of Hormuz, accusing the US of ceasefire violations. Attacks on vessels near Oman heighten global security concerns.
The federal government has reduced the import tariff on fully built passenger vehicles from 70 per cent to 40 per cent under its 2026 fiscal policy measures.
Top Hollywood studios filed a federal lawsuit Monday against Chinese artificial intelligence company MiniMax, alleging massive copyright infringement. "MiniMax operates Hailuo AI, a Chinese artificial intelligence image and video generating service that pirates and plunders Plaintiffs' copyrighted works on a massive scale," states the complaint filed in Los Angeles federal court.
The US Federal Reserve started a key interest rate meeting Tuesday, hours after Donald Trump's new appointee narrowly won confirmation to join the central bank -- while another top official fights her removal by the president.
India's Jindal Steel International has made an offer for Thyssenkrupp's steel division, the German company said Tuesday, in what would be a mega-deal for the struggling industrial titan. It confirmed in a statement that it had received a "non-binding" offer from Jindal Steel International for the purchase of Thyssenkrupp Steel Europe (TKSE).
Retail sales in the United States were hotter than expected in August, government data showed Tuesday, although analysts warned consumers may run out of steam as President Donald Trump's tariffs bite. A separate report Tuesday showed that industrial production rose 0.1 percent in August, reversing a 0.4 percent decline in July.
As part of efforts to achieve Youth Economic Intervention and De-Radicalization Programme, a new digital platform has been launched by federal government.
The Nigerian government, through the Ministry of Finance, has suspended the controversial 4% Free-On-Board charge introduced by the Nigeria Customs Service.
The European Union is "failing to match the speed of change" in the United States and China and must act urgently on economic reforms to avoid falling further behind, a key report's author said Tuesday. "They see us failing to match the speed of change elsewhere," said Draghi, a former Italian prime minister.
Nigeria's external reserves rose to $41.7bn, driven by diaspora remittances and improved crude oil production. Experts say the development is affecting the naira.
Asian stocks rose again Tuesday to extend another record day on Wall Street as traders locked in bets on a US interest rate cut this week, while they are also keenly eyeing flagged talks between Donald Trump and Xi Jinping.
Economy
Load more
