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.
A court in Spain said Thursday it has ordered Facebook owner Meta to pay local media outlets 479 million euros ($552 million) in compensation for "unfair competition" plus 60 million euros in interest. AMI had been seeking 551 million euros in compensation.
Shoppers could face higher prices for phones, laptops and other gadgets next year, manufacturers and analysts warn, as AI data centres hoover up memory chips used in consumer electronics.
Asian markets rallied Thursday after blowout earnings from chip powerhouse Nvidia cooled worries over an AI bubble and overshadowed a Federal Reserve report that dealt a blow to hopes for a December interest rate cut. "There's been a lot of talk about an AI bubble," he told an earnings call.
Nvidia shares climbed Wednesday after it beat quarterly earnings expectations on fierce demand for its sophisticated chips that power artificial intelligence. - China sales stalled - Nvidia reported profit of $31.9 billion on record-high quarterly revenue of $57 billion, sending shares up more than 5 percent.
Many US Federal Reserve officials were leaning against another rate cut in December, meeting minutes showed Wednesday, a move sure to infuriate President Donald Trump as he pushes for lower rates. According to the minutes released Wednesday, "participants expressed strongly differing views about what policy decision would most likely be appropriate" in December.
Relief has given way to anxiety in Switzerland over the concessions made to spare the small Alpine nation from US President Donald Trump's threat of a stark 39 percent tariff. A factsheet published by the White House revealed that Switzerland agreed to recognise US vehicle safety norms, raising questions over whether the polarising cars will soon be a fixture of the country's alpine roads.
The Netherlands said Wednesday it had suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of "good will", a move China welcomed as a positive "first step". "We see this as a show of good will," he said of his move to suspend the takeover, vowing to continue talking to Chinese officials.
EU member states Wednesday backed a new one-year delay to landmark anti-deforestation rules that have hit a wall of opposition from businesses and trading partners, diplomats told AFP. Already delayed by a year, the rollout of the law banning imports of products driving deforestation would be pushed back to the end of 2026 under plans backed by a majority of member states.
President Donald Trump's tariff hikes on dozens of trading partners hit US imports in August, according to a Wednesday report delayed by a record government shutdown that ended last week. Trade flows have been heavily swayed this year by President Donald Trump's fast-changing tariff policies, with importers rushing to stock up on inventory ahead of planned hikes in duties.
Economy
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