FCT Minister Nyesom Wike has hailed President Bola Tinubu for his new appointment. The reason for the jubilation of the former governor is contained in this report.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
European Union lawmakers and member states reached a deal Wednesday to ban all imports of Russian gas by autumn 2027, as the bloc seeks to choke off key funds feeding Moscow's war chest. The timeline must still get final approval from the European Parliament and member states.
India's rupee fell to a fresh record low of over 90 per dollar Wednesday, extending recent declines, with traders partly blaming the delay in striking a trade deal with the United States. On Wednesday morning, the rupee weakened as much as 0.35 percent to a symbolic new low of 90.19, according to Bloomberg data.
As Nigerians prepare for the usual Christmas rush, the demand for physical cash has begun to surge across major cities, with concerns about ATM shortages.
YouTube on Wednesday attacked Australia's looming social media ban for under-16s, denouncing the world-first laws as "rushed" and saying they will make children less safe online. "This law will not fulfil its promise to make kids safer online, and will, in fact, make Australian kids less safe on YouTube," the company's public policy manager Rachel Lord said in a statement.
In China, AI glasses let the wearer pay in shops with just a glance at a QR code and a voice command, as a growing number of companies look to conquer both growing domestic and overseas markets. China's internet-based infrastructure, such as QR payment codes in shops, is "already more developed than in Europe and the United States", said Zhu.
Markets mostly rose Wednesday, following a resumption of Wall Street's rally, but gains were muted as investors await the last tranche of US data before next week's Federal Reserve meeting. IG market analyst Fabien Yip wrote: "Friday's core PCE index represents the final major inflation gauge before the Fed's December policy meeting.
A series of investigations into exploitative work conditions within fashion subcontractors has roiled Italy's luxury industry, with the government decrying attacks on "Made in Italy". Italy's government has gone on the offensive, with Industry Minister Adolfo Urso saying the reputation of Italian brands was "under attack".
Flipping their gender setting to "male" and even posting photos with fake mustaches, a growing number of women on LinkedIn have posed a provocative challenge to what they allege is an algorithmic bias on the platform.
Crucial for making smartphones, fighter jets and electric cars, "rare earth" metals have become a strategic bargaining chip since main producer China this year introduced restrictions on their exports. - Fighter jets, golf clubs - Aviation is a major consumer of rare earths, especially for military plane manufacturing.
Economy
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