Nigerians have started reacting to the renewed threat on Nigeria by US President Donald Trump as a powerful lawmaker reiterated a major claim after Sokoto bombing.
The naira dips against the dollar despite improved forex liquidity, with total FX inflows rising. Analysts foresee stronger trade opportunities ahead in 2026.
United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and global supply chains, a Beijing-backed outlet said on Thursday citing sources.
Rich in solar and wind power, and bulging in critical minerals for renewable energy technology, Australia touts itself as a leader in the race to net zero carbon emissions. The row is reminiscent of the "climate wars" -- a years-long political face-off over the need to slash carbon emissions -- that Prime Minister Anthony Albanese vowed to end when he took power three years ago.
Japanese stocks rose Thursday as the central bank kept its key interest rates steady as expected, in thin trade with most Asian markets shut for the May 1 holiday. Several markets were shut in Asia for holidays on Thursday, including in Hong Kong and mainland China.
The Bank of Japan on Thursday left its key interest rate unchanged but revised down its growth forecasts, warning that US trade tariffs are fuelling economic uncertainty. Bank officials began lifting borrowing costs last year after nearly two decades of ultra-loose monetary policies aimed at kickstarting torpid economic growth in Japan.
The United States and Ukraine on Wednesday signed a minerals deal after a two-month delay, in what President Donald Trump's administration called a new form of US commitment to Kyiv after the end of military aid. Announcing the signing of the deal in Washington, Treasury Secretary Scott Bessent said it showed "both sides' commitment to lasting peace and prosperity in Ukraine."
Tech giant Meta reported quarterly profits well above expectations Wednesday, brushing aside market worries that its heavy investments in cloud computing and artificial intelligence would hamper growth. Some 3.43 billion people use apps in the Meta family daily, the tech firm said in the earnings report.
Caterpillar has trimmed corporate travel and other discretionary spending to offset a tariff hit, but has no plans to raise prices or overhaul supply chains, executives said Wednesday. The company is not currently considering price increases due to tariffs, partly out of the hope that Trump will reach trade deals that remove the levies, executives said.
US President Donald Trump on Wednesday said Tesla boss Elon Musk could stay working for the White House as long as he wanted but understood the tycoon wanted to get back to his businesses. "And you know you're invited to stay as long as you want," Trump said, though added that Musk may want "to get back home to his cars."
The Toyota car roadshow has been scheduled to take place in Lagos state, featuring discounted purchases for intending buyers, and free car diagnosis, among others.
Economy
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