Economy
COP29 fight looms over climate funds for developing world
The developing world needs trillions of dollars in climate aid, but who should pay for it? China, like some other developing countries, actually pays climate finance, it just does so on its own terms.
Shanghai stocks soar to extend stimulus rally amid Asia-wide drop
Mainland Chinese stocks roared ahead Tuesday as traders returned from a week-long break to resume a blistering rally fuelled by a raft of measures aimed at reigniting the world's number two economy. Investors have been racing back into mainland and Hong Kong stocks since authorities last month began announcing a raft of stimulus measures to reverse a long period of tepid economic growth.
Will Tesla's robotaxi reveal live up to hype?
After years of talking up Tesla's prowess on autonomous driving, Elon Musk is set to host Thursday a much-hyped robotaxi event amid a mix of anticipation and skepticism. "We believe widescale Tesla robotaxi deployment is unlikely within the coming years," said a note from UBS last month.
Musk says he is 'all in' on Trump in US election
Elon Musk is ramping up his public support of Donald Trump, telling Tucker Carlson in a conversation streamed Monday that he is "all in" on the Republican presidential candidate. "If he loses, it's going to be hard for you to pretend you never supported him," said Carlson.
US judge orders Google to open Android to rival app stores
A US judge on Monday ordered Google to open its Android smartphone operating system to rival app stores, in a fresh legal setback for the tech giant. Phones running on the Android operating system have about a 70 percent share of the world's smartphone market.
CBN finally addresses Nigerians on containing inflation, gives solution to increasing food prices
CBN governor said the decision to put the Electronic Foreign Exchange Matching System in place stems from its realization that central banking depends on confidence.
“Say no”: CBN speaks on how customers of GTB, First Bank, others can treat illegal charges
The CBN responded to complaints over arbitrary bank charges by advising clients to check the CBN's bank charges handbook to find out legal fee for each transaction.
China to flesh out economic stimulus plans after bumper rally
Top Chinese economic policymakers are expected to flesh out a raft of growth-boosting policies on Tuesday, after the announcement of long-awaited stimulus measures last month sparked a blistering stock market rally. Hopes of that long-awaited "bazooka stimulus" have lit up stock markets, sending bourses in mainland China and Hong Kong surging more than 20 percent.
Kazakhs approve plan for first nuclear power plant
Kazakhstan has approved a plan to build its first nuclear power station in a referendum, overcoming lingering resentment over massive radiation exposure from Soviet-era nuclear tests. The issue of nuclear power is sensitive given that between 1949 and 1989, the Soviet Union carried out around 450 nuclear tests there, exposing 1.5 million people to radiation.
Economy
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