Economy
China poised to approve more help for ailing economy
China is expected to unveil a huge support package for the struggling economy Friday as officials wrap up a key meeting with an eye on the possibility of intensified trade tensions with US president-elect Donald Trump. "In our view, the odds for a larger policy support package will rise somewhat with a Trump victory," he added.
Asian markets extend rally after Fed cut
Asian equities extended gains Friday, tracking another Wall Street record after the Federal Reserve cut interest rates and on the prospect of market-friendly policies from a Trump administration. On Wall Street, the S&P 500 and Nasdaq rallied again to hit fresh records, helped by strong performances by tech titans Apple, Google parent Alphabet and Facebook's Meta.
Sacred cow: coal-hungry India eyes bioenergy to cut carbon
Venerated as incarnations of Hindu deities, India's sacred cows are also being touted as agents of energy transition by a government determined to promote biogas production to cut its dependence on coal.
Facing Trump's return, EU confronts economic challenges
Confronted with the return of Donald Trump, EU leaders on Friday are set to commit to deeply reform Europe's economy and tackle challenges highlighted by a blockbuster report. But Friday's talks only kickstart the conversation and concrete proposals are expected to come months later, with implementing reforms set to take even longer.
US Fed chair says will not leave early if asked by Trump
US Federal Reserve Chair Jerome Powell said Thursday that he would not resign if asked to leave early by President-elect Donald Trump. If he wanted to, Powell could stay on as a governor after he steps down as Fed chair, and serve out the remainder of his term, which expires in early 2028. da/sms
What will Trump 2.0 mean for US tech?
What will Donald Trump's second stint in the White House mean for a US tech industry in the throes of an artificial intelligence frenzy? An early target of Trump's attention could be the executive order from President Joe Biden on regulating artificial intelligence.
Finally, FG gives reasons for frequent national grid collapse, takes action
The National Orientation Agency (NOA) has provided an explanation to the continue collapse of the national grid with the last one occurring twice in two days.
CBN hikes exchange rates for importers as dollar strengthens amid Donald Trump’s win
The Central Bank of Nigeria (CBN) has hiked the Customs exchange rates for cargo clearance in Nigeria's ports as the Nigerian currency, the naira fell.
Ex-banker and Scholz ally: Germany's new finance minister
Joerg Kukies, Germany's new finance minister, is a former investment banker who has long been one of Chancellor Olaf Scholz's closest advisers, most recently as a state secretary. But in spite of the huge pay cut, he stayed -- and three years later, when Scholz became chancellor, switched to being an economic adviser in the chancellery.
Economy
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