Economy
Tech's green wave hits choppy waters
Tech entrepreneurs have spent years selling the dream that we can save the planet without changing our ways, but the current focus of innovation is dividing experts and investors.
Markets stall, inflation and bitcoin rise amid Trump fears
Global equities stalled Wednesday while bitcoin hit a fresh high as traders fret over the impact of Donald Trump's presidency on the Chinese and global economies amid fears his policies may reignite US inflation, which rose on latest data.
FG repays Chinese, IMF, World Bank loans with $3.5 billion in 9 months
The Central Bank of Nigeria (CBN) data on international payments shows that the Nigerian government spent $3.5 billion servicing external debt in 2024.
US consumer inflation rises in October on higher housing costs
US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data published Wednesday, complicating the US Federal Reserve's plans to cut interest rates. The October increase puts a slight spanner in the works of the Federal Reserve, which recently began lowering interest rates in response to easing inflation.
UK's The Guardian stops posting on 'toxic media platform' X
Britain's The Guardian newspaper announced Wednesday it would no longer post content from its official accounts on Elon Musk's X, branding it a "toxic media platform" home to "often disturbing content".
India delivery app Swiggy shares gain on market debut
Indian food delivery firm Swiggy rose nearly 17 percent on its market debut Wednesday after raising $1.34 billion in the country's second-biggest IPO this year, as investor optimism offset profit concerns.
Naira Sets a new exchange rate in official, parallel markets as dollar supply drops
The Nigerian currency, the naira sank to its lowest in the official foreign exchange market on Tuesday, November 12, 2024, closing at N1,689.44 per dollar.
Elon Musk: rocket man takes aim at Washington
Billionaire Elon Musk took a wild gamble backing Donald Trump's White House candidacy, but the bet has paid off -- at least for now -- with the US president-elect handing him an outsized role to overhaul the government. Years later, Musk has become Trump's most prominent celebrity endorser, leaning fully in to get him and his "Make America Great Again" agenda back in the White House.
Australian airlines cancel Bali flights after volcano erupts
Several Australian airlines on Wednesday cancelled their flights to and from the Indonesian resort island of Bali, after a nearby volcano catapulted an ash tower miles into the sky. Australian tourists make up one of the biggest groups of tourists that visit the resort island every year.
Economy
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