Protesters targeted the finance ministry in Abuja to express anger at the federal government, with videos emerging showing the disgruntled demonstrators.
The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
Swedish fashion giant H&M on Thursday reported a drop in sales and profit in the second quarter, as currency effects weighed on the company's earnings. In its quarterly earnings report it said net sales were hit by "a currency translation effect of around six percentage points due to the strengthened Swedish krona."
In a remote town in southern Kyrgyzstan, teacher Nur Akhmatov watched workers building a library, conference hall and women's sports centre -- construction mostly funded by Kyrgyz emigrants sending money home from Russia. A new sports centre is a particular source of pride for teacher Abazbek Abdinabiyev.
The cost of owning a car in Nigeria is getting more expensive and for salary earners it will take years to save to meet up to the target amid naira depreciation
At a minimalist Los Angeles matcha bar, powdered Japanese tea is prepared with precision, despite a global shortage driven by the bright green drink's social media stardom. "In the past two or three years, the craze has intensified: customers now want to make matcha themselves, like they see on social media," he added.
The credibility of climate pledges by the world's tech giants to rapidly become carbon neutral is fading fast as they devour more and more energy in the race to develop AI and build data centres, researchers warned Thursday. The report identifies a number of ways in which the tech sector can curb its carbon footprint, even as it develops AI apace.
Most stocks fell Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets. "We think it's fair to suggest that the pressure on Powell to cut rates will increase, and that's adding to selling pressure on the dollar."
A federal judge has ordered the Trump administration to release billions of dollars allocated for the construction of electric vehicle charging stations in over a dozen US states. Seventeen attorneys general sued the Trump administration to unfreeze funds in May, led by California, the state with the largest number of electric vehicles.
Nigeria urges rapid implementation of the Single African Air Transport Market (SAATM) to enhance regional air connectivity and reduce travel costs across Africa.
The US Federal Reserve released plans Wednesday to relax a key capital rule for major banks, a move they say can help facilitate Treasury market trading. She argued that it reduces the chance of "market dysfunction and the need for the Federal Reserve to intervene in a future stress event."
Economy
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