Economy
CBN issues strong warning to Forex defaulters as it clears backlogs in 14 banks, others
The Central Bank of Nigeria has told fore defaulters to desist from the act or face sanction that is enforced in partnership with relevant agencies.
IMF grants Kenya new $941 million loan
The International Monetary Fund said it has granted Kenya a new loan of more than $941 million to help buttress the finances of the cash-strapped East African nation.
Markets swing on dimming rate cut hopes, weak China outlook
Asian stocks were mixed Thursday after another dour day across global markets fuelled by a sense of resignation that the interest rate cuts long expected in March will not materialise as inflation remains stubbornly high. Asian markets fluctuated through the day.
West Bank economy in tatters as Gaza war rages
In the occupied West Bank, Hafeth Ghazawneh waits in quiet frustration for customers to visit his falafel stall, which has been deserted since the October 7 Hamas attacks in Israel.
US Supreme Court appears inclined to rein in federal agencies
The conservative-leaning US Supreme Court on Wednesday appeared inclined to weaken the power of federal agencies, which regulate myriad issues affecting the everyday lives of Americans -- from consumer safety to air pollution. In June 2022, the Supreme Court had already limited the power of federal agencies to an extent.
Layoffs at music outlet Pitchfork as Conde Nast merges it with GQ
Conde Nast is merging the popular digital music publication Pitchfork with the men's magazine GQ, a decision that has triggered anger over resulting layoffs and concern for the outlet's future. GQ is a monthly men's magazine, with a focus on feature writing and celebrity coverage.
Apple hit again with US ban in watch patent feud
A federal appeals court on Wednesday ordered Apple to halt the US sale of its latest smartwatch models in a feud over patents with health company Masimo. The ban on certain Apple smartwatch models will come into effect Thursday as the iPhone juggernaut is ordered to await the outcome of its appeal.
US business 'optimistic' about interest rates cuts: Fed
US businesses say they are "optimistic" about the prospect of falling interest rates, even as economic conditions have remained largely unchanged in recent weeks, the Federal Reserve said Wednesday. In past weeks, businesses have sounded optimistic about the likelihood of lower rates in the months to come, the Fed announced in its regular update of economic conditions known as the "beige book."
European crew poised for private mission to International Space Station
An all-European crew including Turkey's first astronaut are poised to blast off to the International Space Station in a mission with Axiom Space, as countries hungry for a taste of space turn increasingly to the private sector. Axiom-3 therefore allows Sweden to put its second national in space.
Economy
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