Economy
Asian markets mixed even as US data fuels rate cut talk
Asian markets diverged Friday following a mixed day on Wall Street, with data showing a continued fall in US inflation unable to relight the buying that characterised much of November. While Wall Street had a mixed night, November was a strong month, with the Nasdaq and S&P 500 both up around 10 percent.
UK's HS2: trying to bridge the gap between cost and ambition
The unfinished Colne Valley Viaduct traces a gentle curve over several lakes northwest of London, a picturesque symbol that belies the ugly debate over the ambitious but expensive HS2 train line. Completion of the Colne Valley Viaduct and Chiltern Tunnel section is scheduled for November 2025.
COP28 puts spotlight on state oil giants
Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but a less visible lineup of powerful state companies dominates the industry.
After success abroad, Saudi designers hit the runway at home
Couturier Adnan Akbar's past clients included Princess Diana and two French first ladies, but until recently he had never staged a major fashion show in his native Saudi Arabia. Beyond Adnan Akbar and Mohammed Ashi, who has dressed celebrities including Beyonce and Zendaya, the line-up was rounded out by Saudis with much less visibility overseas.
Lagos releases 40,000 cheap Eko Rice into markets as Christmas knocks
The Lagos State Government has finalized arrangements to distribute Eko Rice to various designated markets during the festive period in December.
UK to probe of UAE-backed takeover of Telegraph
The UK government said on Thursday it had triggered a formal probe on public interest grounds into the proposed sale of the Telegraph Media Group to an Abu Dhabi-backed investment fund. The Telegraph group has been controlled by twin brothers Frederick and David Barclay for nearly two decades but has been put up for sale over unpaid debts.
Hundreds of new oil and gas projects approved despite climate crisis
More than 400 oil and gas projects were approved globally in the last two years despite calls to abandon all new hydrocarbon development, new figures showed as the UN COP28 climate talks opened Thursday. All of the 437 new projects since 2022 have received their "final investment decision" -- a key commitment where investors sanction the development and production of a new hydrocarbon field.
US Fed's favored inflation gauge slows in October
A key inflation measure used by the US Federal Reserve to set interest rates eased further last month amid declining energy and goods prices, according to government data published Thursday. Energy prices fell by 2.6 percent from a month earlier, while goods prices declined by a more modest 0.3 percent.
Fueling Nigeria's Economic Engine Through Accessible and Flexible Financing
SeedFi aims to be the financial plug for business owners – providing them opportunities to access capital. Another feature of SeedFi is its flexible repayment terms.
Economy
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