The PDP, which governed Nigeria from 1999 to 2015, has announced its consensus presidential candidate for the 2027 elections following internal party processes.
Lagos residents flooded the LOTUS Bank Eid Souq, securing subsidised rams, enjoying entertainment, and festive relief ahead of Eid-el-Kabir celebrations.
Diageo, the maker of Guinness stout and Smirnoff vodka, said Monday it would cut costs to reduce debt, as the British group anticipates a hit from US tariffs of $150 million.
The French government "at the highest level" covered up a scandal over the treatment of mineral water by food giant Nestle, including the iconic Perrier brand, a Senate investigation said Monday. - 'Highest level of the state' - In late 2020, new management at Nestle Waters claims to have discovered the use of prohibited treatments for mineral water at its Perrier, Hepar and Contrex sites.
The EU on Monday sharply cut its eurozone economic growth forecast for 2025 because of global trade tensions sparked by US President Donald Trump's sweeping tariffs. Beyond trade tensions, the EU warned the greater frequency of climate-related disasters such as forest fires and floods risked hurting economic growth.
Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm's founder said on Monday. In pursuit of Xiaomi's semiconductor ambitions, the firm has developed a plan involving "at least 10 years of investment and at least 50 billion yuan", he added.
UK Prime Minister Keir Starmer was set to seal a deal for closer ties with the European Union at a landmark summit on Monday, opening a new chapter after Britain's acrimonious exit from the bloc five years ago. Starmer has pushed for closer UK ties with its European neighbours.
Irish no-frills carrier Ryanair on Monday said net profit fell 16 percent in its financial year as it cut ticket prices to boost passenger numbers. It warned that it expected just a three percent growth in passenger numbers for the 2026 financial year due to delayed Boeing deliveries.
Nvidia boss Jensen Huang announced plans for Taiwan's "first AI supercomputer", as he showcased on Monday the company's latest advances in artificial intelligence. Huang said Nvidia would work with Taiwanese tech giants Foxconn and TSMC as well as the government to build Taiwan's "first AI supercomputer .. for the AI infrastructure and AI ecosystem".
Asian stocks fell with the dollar Monday after Moody's removed the United States' last gold standard sovereign bond rating, citing the growing debt pile that it warned could balloon further.
Factory output in China grew at a faster rate than expected last month, official data showed Monday, weathering a brutal trade war with Washington. Data on Monday showed retail sales, a key gauge of domestic demand, grew 5.1 percent year-on-year last month, short of the 5.8 percent growth forecast by Bloomberg.
Economy
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