Economy
Has the Fed won the battle against inflation?
The US Federal Reserve's decision to hold its key lending rate on Wednesday and pencil in three interest rate cuts next year has fueled optimism that its inflation battle is won. On Wednesday, the Fed voted to hold interest rates steady for a third straight meeting, and predicted 0.75 percent points of interest rate cuts in the year ahead.
More shipping giants suspend passage via Red Sea after attacks
Two more major shipping firms, Mediterranean Shipping Company and CMA CGM, said on Saturday they were suspending passage through a Red Sea strait vital for global trade, after Yemeni rebel attacks in the area.
New government project to generate 40,000 jobs for Nigerians as it nears completion
Ogun State government has stated that the newly approved Kajola dry port will transform the state's economy and generate a minimum of 40,000 jobs...
"President Should Beg Them": Reactions as ShopRite prepares to exit Nigerian state
Nigerians have expressed mixed reactions over plans by retail and consumer chain stores to leave the northern state of Kano for yet-to-be-specified reasons.
Nigerian fintech introduces ePOS to rival Opay, PalmPay, others
Nigerian fintech has launched an ePOS solution designed to revolutionise financial transactions in Nigeria to enhance speed transaction with a single tap.
Historic Vatican fraud trial to deliver its verdict
A Vatican court delivers its verdict on Saturday in a historic trial focused on an opaque London property deal, with a once-powerful cardinal among 10 defendants facing jail for alleged financial crimes. Just weeks before the trial, Francis gave the Vatican's civilian courts the power to try cardinals and bishops, where previously they were judged by a court presided over by cardinals.
Inflation forces Turkey's central bank chief to move in with parents
The new head of Turkey's central bank said she has been priced out of Istanbul's property market by rampant inflation, leaving no choice for the former finance executive but to move back in with her parents. The central bank last month pushed up benchmark lending rates to 40 percent in a bid to get inflation under control.
Mexico's Maya Train underway, despite environmental concerns
Mexico's Maya tourist train glided into action on Friday, promising prosperity for one of the country's poorest regions, but tainted by allegations of environmental devastation. Cancun is Mexico's leading tourist destination and welcomed 34 million foreign visitors between January and October, according to official figures.
UK's new Hinkley nuclear plant reaches milestone
The UK's planned Hinkley Point C nuclear power plant reached a major milestone on Friday, with the installation of a steel dome that will cover its first reactor building, operator EDF said.
Economy
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