New details emerge on the rumoured Osisioma Flyover collapse in Abia, southeast Nigeria, which reportedly killed 19 people. The verified facts have now emerged.
Dr Zacch Adedeji, the Executive Chairman, Federal Inland Revenue Service (FIRS), has revealed that 95 per cent of Nigerians will pay no tax under the new tax regime.
HYBE, the agency behind K-pop superstars BTS, was raided by police on Thursday in connection with alleged fraudulent trading involving its founder Bang Si-hyuk, investigators said. Bang, the mastermind behind BTS, is under investigation over allegations that he misled early investors to reap illicit profits from the company's 2020 initial public offering.
Asian markets extended the week's gains Thursday on optimism other countries will follow up Japan's US trade deal with ones of their own, with speculation building that the European Union is on course.
The cost-of-living crisis may be easing in Germany but that has not sparked a shopping frenzy just yet in a country where, as a recent survey suggests, people fear inflation more than war. A recent survey by an army research centre showed German consumers fear rising prices more than a war between the West and Russia.
The European Central Bank looks set to keep interest rates unchanged on Thursday while the introduction of higher US tariffs threatened by US President Donald Trump hangs in the balance. But the relatively more favourable monetary policy conditions look fragile with an August 1 deadline for the possible imposition of punitive tariffs on European exports into the United States set by Trump.
US President Donald Trump will head to Scotland on Friday for a visit melding diplomacy and golf, a sport that is both his favorite pastime and of financial interest to his family. The visit is yet another example of how Trump has blurred the line between his official duties as president and promoting the family business since returning to power in January.
Australia said Thursday it would lift trade barriers on beef from the United States, removing a major point of friction between Canberra and the Trump administration. Threatened with 10 percent tariffs on beef shipped to the United States, one of its largest red meat markets, Australia has now dropped these barriers.
Google-parent Alphabet on Wednesday reported quarterly profits that topped expectations, saying artificial intelligence has boosted every part of its business. "AI is positively impacting every part of the business, driving strong momentum."
Tesla reported another drop in quarterly profits Wednesday on lower auto sales amid intensifying electric vehicle competition and lingering backlash over CEO Elon Musk's involvement in US politics. Lower profits had been expected after Tesla earlier this month disclosed a decline in auto deliveries.
United States and European officials signaled progress in tariff talks Wednesday, after US President Donald Trump announced a pact with Japan and China said its vice premier would attend bilateral negotiations next week. As the clock ticks down, China said Wednesday it would seek to "strengthen cooperation" with Washington, and confirmed vice premier He Lifeng would attend the talks.
Economy
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