The leading opposition PDP has got a new national chairman at its ongoing national convention in Ibadan, Oyo state capital after expelling FCT Minister Nyesom Wike.
The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
The Central Bank of Nigeria's intervention in the FX market took the naira to a four-month high against the US dollar in the official foreign exchange market.
Struggling auto giant Nissan said Tuesday it will stop production at its plant at Oppama in Japan at the end of its 2027 fiscal year. "The company will cease vehicle production at the Oppama plant at the end of fiscal year 2027," Nissan said in a statement.
"Dialogue" must be at the heart of ties between Canberra and Beijing, Australian Prime Minister Anthony Albanese said on Tuesday as he met President Xi Jinping in the Chinese capital. Albanese is on his second visit to China as prime minister, seeking to bolster recently stabilised trade ties even as geopolitical tensions remain high.
Stopwatch in hand, dozens of Ivory Coast students raced against the clock to design robots for the farms of the future in the world's top cocoa-producing nation. "We have noticed the appearance of new technologies since four or five years ago," said Thibeaut Yoro, secretary-general of the national union of cocoa producers.
US tech giant Nvidia said on Tuesday it will resume sales of its H20 artificial intelligence chips to China, after Washington pledged to remove licensing curbs that had put a stop to exports. The company said in a statement on Tuesday that it was "filing applications to sell the Nvidia H20 GPU again".
Markets were mixed Tuesday as positive Chinese economic data was offset by weak consumer spending, while optimism that governments will hammer out deals to avoid the worst of Donald Trump's tariff threats provided support.
China's economy expanded more than five percent in the second quarter of the year, official data showed on Tuesday, after analysts predicted strong exports would provide crucial support despite trade war pressures. Official data on Tuesday showed the Chinese economy grew 5.2 percent in April-June, matching a prediction by an AFP survey of analysts.
The artificial intelligence industry is scrambling to reduce its massive energy consumption through better cooling systems, more efficient computer chips, and smarter programming -- all while AI usage explodes worldwide. Yet even if more efficiency in chips and energy consumption is likely to make AI cheaper, it won't reduce total energy consumption.
US lawmakers are on the verge of passing landmark legislation that will give the much-maligned crypto world much-wanted legitimacy, riding on President Donald Trump's recent embrace of the industry.
Economy
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