The police have debunked the report claiming Navy officer Yerima survived an assassination attempt in Abuja, days after his confrontation with FCT Minister Wike.
The globe's biggest luxury brands have dreamt of India's vast consumer base for decades, but navigating the market has proven to be a complex task. - 'Ticks all the boxes' – India's luxury market is still relatively small, but expanding rapidly.
Six mariners have been rescued after a deadly attack on a cargo ship that sank off rebel-held Yemen, an EU maritime force said Wednesday, as the search continued for the rest of the crew. Earlier, the British navy's United Kingdom Maritime Trade Operations had reported five crew had been rescued after "search and rescue operations commenced overnight".
The federal government spends about N2 billion monthly on electricity subsidies to cover about 70% of electricity costs. This money has now hit N4 trillion debt.
The Nigerian currency, the naira, has slightly reversed its gains against the dollar, after a two-week surge in the official market to close at N1,528 per dollar.
German lender Commerzbank said Wednesday it was committed to its strategy after Italian bank UniCredit formally upped its stake in its rival, laying the ground for a potential takeover bid. Commerzbank has strongly resisted a possible takeover by UniCredit since the Italian bank announced in September it had quietly built up a stake in the German group.
Europe's largest automaker Volkswagen said Wednesday that sales into the United States had taken a hit, underscoring the impact of President Donald Trump's drastic trade measures. Carmakers have rushed to find ways to minimise the impact of the levies, with high-end automaker Mercedes-Benz on Monday saying it had delayed some US deliveries in the expectation of tariffs coming back down.
More than 30 percent of Iraq's autonomous Kurdistan region now has 24-hour state electricity, authorities said Thursday, with plans to extend full coverage by the end of 2026. "Today, two million people across the Kurdistan region enjoy 24-hour electricity... that's 30 percent of the population," including the cities of Arbil, Duhok and Sulaimaniyah, said regional prime minister Masrour Barzani.
German supermarket chain Lidl faces a 43-million-euro ($50 million) payout to a French rival after an appeals court ruled its ads to be deceptive. The Paris appeals court ordered Lidl to pay the amount to French chain Intermarche after finding hundreds of the television spots that it ran between 2017 and 2023 were likely to deceive consumers and amounted to unfair competition.
Mattel has launched its first Barbie doll with type 1 diabetes in a bid to foster a greater sense of inclusion and empathy among children, a company vice-president said Tuesday.
Waist-deep in a rain-swollen river, Christer Kristoffersen cast his line, landed it gently on the water, and caught ... nothing. While locals can do little about climate change -- which leads to warmer waters and changing ecosystems -- another culprit is fish farming.
Economy
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