Economy
CBN to make changes on Interest rates on savings accounts as it crashes dollar for BDCs
The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, has disclosed why CBN may hike interest rates again as inflation surges in Nigeria to 34.19%.
Beijing vows to ease local government debt woes after key meeting
Chinese officials pledged Friday to help ease debt pressure on local governments through reforms to the tax system, after a key political gathering in the capital focused on jumpstarting the faltering economy. But few new policies were announced as the meeting wrapped up Thursday, with officials pledging to tackle "risks" in the economy.
Climate change threatens age-old Mauritania date harvest
Wandering atop a small sand dune in central Mauritania, Aliene Haimoud gazed despondently at the yellowing date palms before him –- the trees are dying if they are not already dead. In Mauritania, the government has tried to halt the desertification by planting trees to repel the onslaught of sand.
Japan sees 1 mn more tourists post-pandemic, breaking half-year record
Japan welcomed a million more foreign visitors in the first half of 2024 compared to pre-pandemic levels, logging a new record of 17.78 million, the national tourism organisation said Friday. Over the whole of 2023, 25 million visitors came to Japan, after strict pandemic-era border restrictions were lifted.
Markets track Wall St loss with eyes on US race, China disappoints
Asian equities sank in line with Wall Street Friday as the optimism over expected US interest rate cuts was overshadowed by uncertainty about the presidential election and worries over China's economy.
US streaming rivals team up to catch Netflix
US video streaming companies are joining forces to attract new viewers, boost ad sales, and finally turn a profit -- something only Netflix has managed to accomplish so far. The alliances will group more viewers and attract advertising, which is back in favor, including at Netflix.
Japan inflation rises slightly to 2.6% in June
Japanese inflation was slightly higher in June, with prices rising 2.6 percent on-year compared with 2.5 percent in May, internal affairs ministry data showed Friday. Excluding fresh food and energy, Japanese prices rose 2.2 percent in June, following a 2.1 percent rise in May, the internal affairs ministry said. hih/kaf/cwl
Billionaire Ken Griffin revealed as $44.6m dinosaur fossil buyer
The buyer who spent a record $44.6 million to buy a stegosaurus fossil at auction was Ken Griffin, CEO of the Citadel hedge fund, according to a person familiar with the acquisition. The skeleton, nicknamed Apex, is estimated to be 150 million years old and is the largest stegosaurus ever found, according to the auction house.
Ford to invest $3 bn in Canada on 'Super Duty' pickup production
Ford announced Thursday it would invest $3 billion to expand production of its "Super Duty" pickup trucks at a Canadian factory, at which it has previously pushed back plans for electric vehicles.
Economy
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