Nigeria's 16th and current president, Asiwaju Bola Ahmed Tinubu, was on Friday, November 21, told to resign from his role. Legit.ng has the details.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
Tesla shareholders will determine on Thursday the fate of a massive pay package meant to retain Elon Musk long enough to achieve technological breakthroughs he vows will change the world. The outcome of the vote will be announced at the annual shareholder meeting at Tesla's factory in Austin, Texas, on Thursday.
Hammered by surging energy costs and a flood of cut-price Chinese imports, Germany's steel industry has been mired in deep crisis for several years. Problems worsened for the power-hungry sector when Russia's 2022 invasion of Ukraine sent energy costs surging.
Belgium's fragile governing coalition could be staring at collapse as Prime Minister Bart De Wever threatens to resign unless it approves a cost-cutting budget Thursday. He is calling for a series of "historic" reforms to liberalise Belgium's labour market, curb high unemployment benefits and cut back on pension costs.
The Bank of England is expected to hold its key interest rate unchanged on Thursday but some analysts are not ruling out a surprise cut ahead of the UK government's annual budget. "As I take my decisions on both tax and spend, I will do what is necessary to protect families from high inflation and interest rates," Reeves told the nation in a surprise pre-budget speech in Downing Street.
Asian markets rose Thursday to claw back some of the previous day's hefty losses as investors tracked a bounce on Wall Street sparked by jobs data that soothed worries about the US economy. The rush for cover -- which tracked big losses on Wall Street -- hammered some regional giants including Japanese tech investor SoftBank and South Korean chipmakers Samsung and SK hynix.
Boeing reached a last-minute settlement in one of two lawsuits in this week's trial in Chicago over a 2019 737 MAX crash that killed 157 people, attorneys announced Wednesday. The lawsuits stem from the March 10, 2019, flight that crashed six minutes after departing Addis Ababa for Nairobi, killing all 157 people on board.
Tech firms are floating the idea of building data centers in space and tapping into the sun's energy to meet out-of-this-world power demands in a fierce artificial intelligence race. "The idea is that it will soon make much more sense to build data centers in space than it does to build them on Earth," Starcloud chief executive Philip Johnston said at a recent tech conference in Riyadh.
A majority of US Supreme Court justices appeared deeply skeptical of the legality behind a swath of Donald Trump's tariffs as they heard a landmark case Wednesday that could uphold -- or upend -- the president's economic agenda. A lower court ruled in May that he had exceeded his authority, with the case ultimately making its way to the Supreme Court.
Fast-food giant McDonald's scored solid sales growth Wednesday following promotions to attract struggling consumers, with company shares rising despite profits missing expectations. To secure support for the promotions from McDonald's franchisees, the company is financing half the cost of promotion, said Chief Financial Officer Ian Borden.
Economy
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