EFCC has come under fire after sealing the residence of top minister under the administration of late Muhammadu Buhari in Abuja. The ex-minister is not in Nigeria.
The Nigerian FG has introduced 50 new tax breaks and reliefs aimed at easing financial pressure on small businesses and low-income earners particularly.
Donald Trump said Tuesday he had no intention of firing the chair of the US Federal Reserve and signalled a "substantial" lowering of tariffs on China -- moves that brought relief to global markets spooked by his aggressive policies. "I have no intention of firing him," Trump said Tuesday.
OpenAI is ready to buy Chrome if Google is forced to sell its popular browser as part of antitrust trial, a top executive testified Tuesday, according to media reports. Turley said during his testimony that OpenAI had approached Google about integrating its search technology into ChatGPT artificial intelligence power digital assistant but was rebuffed, according to media reports.
In Silicon Valley, they talk about "moving fast and breaking things." One of his first and splashiest moves was to send emails to 2.3 million civil servants, offering buyouts -- and making clear their futures now hang by a thread.
The world's largest auto industry expo opens its doors Wednesday in Shanghai, showcasing the new electric world order even as mounting trade barriers risk dampening China's global ambitions. And although the levies will increase the cost of China's vehicle component exports by about 24 percent, "this represents only about 3.8 percent of China's total auto industry production value", it noted.
US President Donald Trump said Tuesday he had no plans to fire the Federal Reserve chief, in apparently conciliatory remarks after berating him and triggering market turmoil. The president does not have direct authority to fire Federal Reserve governors, but Trump could initiate a lengthy process to attempt to unseat Powell by proving there was cause to do so.
A US jury found Tuesday that The New York Times did not libel former Alaska governor and vice presidential candidate Sarah Palin in a 2017 editorial she claimed damaged her reputation, the paper said. Palin, a former governor of Alaska, was the running mate of Republican presidential candidate John McCain during his 2008 election defeat to Barack Obama.
Manufacturers are grappling with fuel expenses exceeding N1 trillion as rising electricity and fuel costs put a strain on production. Stakeholders explore the impact
Tesla reported a 71 percent drop in first-quarter profits Tuesday in results that lagged analyst estimates as Elon Musk's automaker warned of a hit to demand due to "changing political sentiment." The electric vehicle producer reported profits of $409 million following a drop in auto sales that analysts said reflected brand damage due to Musk's work for the Trump administration.
The trade standoff between Washington and Beijing is not sustainable, US Treasury Scott Bessent said Tuesday, predicting the tit-for-tat tariff war would de-escalate soon. Bessent told the event Tuesday that he expects a de-escalation in the near future, according to a person who was in the room.
Economy
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