Economy
US slaps sanctions on leaders of Russia software firm Kaspersky
The United States unveiled sanctions Friday against 12 top leaders of the Russia-based cybersecurity firm Kaspersky Lab, a day after banning the sale of its popular antivirus software on national security grounds.
French left vows new taxes as snap election draws near
Left-wing parties in France on Friday pledged to raise 30 billion euros a year from taxing businesses and the rich if they win a majority at snap parliamentary polls, drawing ire from centrists and business leaders. A tax on businesses' windfall profits would bring in a further 15 billion euros, the New Popular Front (NPF) alliance predicts.
Ferrari eyes electric future with solar-powered factory
Italian luxury carmaker Ferrari on Friday inaugurated a new solar-powered factory at the group's historic Maranello site, where its much anticipated wholly electric car should be produced from 2026.
Sellers quote new price for rice, garri in Nigeria as data shows states with highest costs
A recent survey on the prices of food items across Nigeria shows that the prices of garri and rice rose by 50% mostly in Enugu in the southeast and Niger state.
Spain to eliminate tax on olive oil to ease price jump
Spain's leftist government said Friday it will remove the value-added tax on olive oil, a staple of Spanish cuisine which has soared in price due to a severe drought that has caused a sharp drop in the country's olive harvest.
Nigeria’s debt rises to N121trn as the World Bank issues conditions for loan cancellation
The Debt Management Office (DMO) has said that Nigeria added N24.33 trillion to its debt profile, bringing the country's national debt stock to N121 trillion.
Top German minister on peace mission amid China EV tariffs row
Germany's Vice Chancellor Robert Habeck will arrive in Beijing on Friday on a last-ditch mission to avoid a damaging trade war with China after the EU threatened to slap additional tariffs on electric cars. Germany's large and influential auto manufacturers are fearful of a trade war with Beijing that could rebound on their business activities in China.
Asian markets retreat after tech losses hobble Wall St
Asian markets mostly fell Friday following a broadly negative lead from Wall Street, where tech giants led a sell-off on profit-taking, while traders are on intervention watch as the yen retreats back towards a three-decade low.
Argentina has surplus harvest, but farmers want more from Milei
In the pampas, Argentina's vast and fertile grasslands outside Buenos Aires, grain silos overflow with this year's harvest -- but nobody is selling just yet. One sells just enough to cover expenses," Ricardo Semino, a farmer from Lobos, 110 kilometers (68 miles) southwest of Buenos Aires, told AFP as he finished harvesting his corn and wheat fields.
Economy
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