The ruling APC has announced the seventh governor of PDP has dumped the party and joined its folds, now controlling second geopolitical zone in Nigeria.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
Asian markets sank Thursday after another sell-off on Wall Street as worries over the tech sector's colossal spending on artificial intelligence continued to dog investor sentiment. Asian markets tracked the US losses, led by tech firms including Japan's Renesas and investment giant SoftBank.
EU leaders gather in Brussels Thursday for a make-or-break summit on using frozen Russian assets for Ukraine -- with key player Belgium under pressure to drop its opposition. Ukraine has said Washington was "pressuring" the EU not to use the assets as they view them as a vital bargaining chip in winning over Russia.
A US blockade of Venezuelan oil shipments could slash production and halve exports of the country's most valuable commodity, tipping its economy even deeper into crisis, experts say.
The Oscars will be shown only on YouTube from 2029, the Academy said Wednesday, in a radical gambit for a movie industry that remains wary of streaming platforms even as viewing habits shift online. YouTube accounts for the biggest share of television viewing time in the United States of any streaming platform, dwarfing even Netflix.
The Oscars will be available to watch exclusively on YouTube from 2029, the Academy of Motion Picture Arts and Sciences announced Wednesday.
CNN is heading into an uncertain future with its parent company Warner Bros. "To continue to keep CNN strong in the future," the executive argued, "we better get after our audiences where they currently are."
Netflix is set to release a FIFA football simulation game exclusively on its gaming platform in summer 2026, timed to coincide with the World Cup, the streaming giant said Wednesday. "The FIFA World Cup is going to be the cultural event of 2026, and now fans will be able to celebrate their fandom by bringing the game right into their living rooms," said Alain Tascan, president of games at Netflix.
German lawmakers Wednesday approved about 50 billion euros ($59 billion) in military purchases, as Berlin accelerates defence spending in the face of a hostile Russia and signs of weakening security commitments from Washington.
EU plans to seal a vast trade deal with South American bloc Mercosur this week were thrown into disarray Wednesday as Italy joined France in demanding more time to sign off on it. Paris had already thrown a spanner in the works by calling this week for a delay to the vote, demanding robust safeguard clauses, tighter import controls and more stringent standards for Mercosur producers.
Economy
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