Economy
Naira appreciates in official market as CBN confirms highest dollar inflow in 19 months
The Nigerian currency, the naira, appreciated against the US dollar in the official as the CBN governor, Olayemi Cardoso, confirmed high FX inflow.
Unilever profit drops as sales flatten after price hikes
British consumer goods giant Unilever on Thursday said its net profit dropped 15 percent last year to 6.5 billion euros ($7 billion) as sales flattened as the group hiked prices. Group revenue dipped 0.8 percent to 59.6 billion euros last year compared with 2022.
Gucci owner Kering says profit fell 17% in 2023
French luxury giant Kering said Thursday its sales and net profit fell in 2023, warning its investment strategy will weigh on results this year as it refocuses its business around its flagship brand Gucci. Looking ahead, Kering warned that its investment strategy will weigh on the group's full-year operating income.
Chinese consumer prices suffer quickest drop in 14 years
Chinese consumer prices fell in January at their quickest rate in more than 14 years, data showed Thursday, piling pressure on the government for more aggressive moves to revive the country's battered economy.
China consumer prices show quickest drop in 14 years
Chinese consumer prices fell in January at their quickest rate in more than 14 years, data showed Thursday, as the country's leaders struggle to revive buying sentiment in the world's second-biggest economy.
Most Asian markets track Wall St record, Shanghai extends rally
Most Asian stocks rose Thursday following another record on Wall Street, with strong earnings, a resilient US economy and Chinese moves to boost the country's markets playing up against fading hopes for an early Federal Reserve interest rate cut.
Economy is a gamble for Biden in election year
Anger over rising prices and wages that don't stretch far enough brought thousands of casino workers onto the streets of Las Vegas in recent months, part of a wave of labor discontent in the United States.
US Fed officials urge patience on interest rate cuts
Two US Federal Reserve officials indicated Wednesday that the nation's central bank is on track to tackle inflation, but that it is still too soon to begin lowering interest rates. They have assigned a probability of more than 65 percent that the US central bank will have begun lowering interest rates by the time of its following meeting in May. da/nro
ICC prosecutor wants court to try 'environmental crimes'
The International Criminal Court's chief prosecutor told AFP on Wednesday that he wants the tribunal to start trying suspects for "environmental crimes" without having to modify its founding statutes. "This is the first time in the history of the International Criminal Court that we would have a considered policy paper on the forms that environmental crimes can take," he said.
Economy
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