Economy
Senior US Fed official optimistic about inflation fight
A senior Federal Reserve official said Tuesday that she is optimistic about the US central bank's progress against inflation, and expects it will be appropriate to start interest rate cuts this year.
France, Spain, Netherlands among top customers as Nigeria exports over N19trn goods in 3 months
The National Bureau of Statistics has revealed the list of countries buying made-in-Nigeria goods, as over N19 trillion were sold to different countries.
US retail sales come in below expectations in May
US retail sales came in below expectations for a second straight month in May as gas station revenues fell sharply, the government said Tuesday, while the data for April was revised lower. Overall sales came in at $703.1 billion, up 0.1 percent from April, when sales fell by a revised 0.2 percent, the Commerce Department said in a statement.
Louis Vuitton kicks off fashion week with diplomatic style
Paris Fashion Week kicked off on Tuesday with hip-hop mogul Pharrell Williams putting on his latest branding event for Louis Vuitton at the UNESCO headquarters. Louis Vuitton, the world's most profitable fashion brand, scored just 29 out of 100 in the most recent Fashion Transparency Index by Fashion Revolution, which monitors areas such as environmental impact and labour rights.
Kenya police arrest demonstrators as hundreds protest new tax hikes
Kenyan police fired tear gas and arrested at least a dozen demonstrators Tuesday as hundreds of people gathered near parliament to protest tax hikes, according to AFP journalists at the scene. Hundreds of black-clad protesters marched towards parliament in the capital Nairobi's business district but were kept back by police officers lobbing tear gas at the crowds.
London regains stock market crown as turmoil hits Paris
The London Stock Exchange is once again Europe's biggest stock market by valuation after reclaiming the crown from Paris as France is rocked by political turmoil. Prior to this week, Paris had been Europe's biggest stock market since early 2023.
Naira gets new position as another currency emerges as best-performing in Africa
The Nigerian naira has been relegated far behind as the Kenyan shilling emerged as Africa's best-performing currency following improved forex inflows.
Boeing CEO to face Capitol Hill grilling
Boeing CEO Dave Calhoun will likely face tough questions Tuesday when a Senate panel grills the executive on safety problems, manufacturing missteps and alleged efforts to intimidate whistleblowers. The whistleblower allegations surrounding the 787 and 777 are only one of the myriad issues facing Boeing that could come up on Tuesday.
Hong Kong bourse to keep trading through severe weather: leader
Hong Kong's stock exchange will continue trading through typhoons and heavy storms from September, the city's leader announced Tuesday. On Tuesday John Lee said that from September 23 investors can trade as usual "when the typhoon signal number eight or above is hoisted in Hong Kong, or even during a black rainstorm warning".
Economy
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