The ruling APC and the presidency on Tuesday, November 18, strongly reacted after new PDP chairman Kabiru Turaki sought help from US President Donald Trump.
The Federal Government has reopened the YEIDEP 2025 portal, offering Nigerian youths aged 18–35 grants of N50,000 to N500,000 with required documents.
German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for a tie-up from Italian bank UniCredit. It has since boosted its holding in the German bank to around 28 percent.
Honda and Nissan on Thursday announced the scrapping of merger talks that would have created the world's third-biggest auto company by unit sales behind Toyota and Volkswagen. - When the merger talks were announced in December the plan was that the two automakers along with Mitsubishi Motors would integrate their businesses under a new holding company.
Japan's Sony Group on Thursday upgraded its annual net profit projection to $7.0 billion, lifted by its strong gaming business. The entertainment and electronics conglomerate said it now expects a net profit of 1.08 trillion yen ($7.0 billion), compared with an earlier projection of 980 billion yen for the business year ending on March 31, 2025. hih/stu
South Africa exports vehicles worth about $1.9 billion every year, many to the United States under a trade deal now in jeopardy as President Donald Trump piles pressure on the country. Motor vehicles account for 22 percent of South Africa's exports to the United States, worth $1.88 billion -- behind only precious metals, according to government statistics.
Asian markets mostly rose Thursday and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after news Donald Trump and Russia's Vladimir Putin had discussed peace talks. Ukrainian President Volodymyr Zelensky said he had a "meaningful conversation" with Trump and that the leaders discussed ways to end the war.
For the first time in nearly two years of war, soup kitchens in famine-stricken Sudan are being forced to turn people away, with US President Donald Trump's aid freeze gutting the life-saving schemes.
A Houston poultry supply company is selling chickens like there is no tomorrow, as sky-high prices for eggs prompt some Americans to produce their own at home. John Berry, who manages a livestock company in Houston, reported a dramatic increase in demand for chickens as consumers grapple with the egg shortage.
China last year began construction on projects with the greatest combined coal power capacity since 2015, jeopardising the country's goal to peak carbon emissions by 2030, according to a report published Thursday. China is due to announce details of its 15th Five-Year Plan -- for 2026 to 2030 -- in the coming months, likely including updated emissions and energy goals.
Chevron will cut 15 to 20 percent of its workforce as part of a reorganization to save money and to position the oil giant for the long-term, the company said Wednesday. "Chevron is taking action to simplify our organizational structure, execute faster and more effectively, and position the company for stronger long-term competitiveness," said a statement from Chevron Vice Chairman Mark Nelson.
Economy
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