BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy. It warns that such measures "threaten to further reduce global trade" and are "affecting the prospects for global economic development."
The Central Bank of Nigeria (CBN) has disclosed that it carried out forex sales amounting to $543.5 million to an average of 26 authorised dealer banks in 11 days.
The Nigerian government successfully serviced debts totaling over N6 trillion in the first half of 2024, representing a 69 percent increase from the previous year.
Nigerian company, Egoras, has announced plans to sell affordable bags of rice at specific locations across the country and has explained the motives.
Ditching a lucrative career in finance, Vu Dinh Tu opened a coffee shop without telling his parents and joined a wave of young Vietnamese entrepreneurs using espressos to challenge family expectations around work.
The Nigerian cement market has shown remarkable growth in sales, even in the face of soaring prices as Dangote Cement, BUA Cement and Lafarge count their profits.
US Trade Representative Katherine Tai defended stiff tariff hikes against countries like China, arguing that paired with investment, they were a "legitimate and constructive" tool for re-invigorating domestic industries.
A European court on Friday overturned a French government ban on makers of plant-based meats calling their products "steak" or "sausage", which Paris had imposed to protect livestock farmers. "This is a very welcome victory," said La Vie, a French maker of plant-based meats.
Thousands of dockworkers returned to work Friday, the day after a longshoremen's union reached a preliminary deal with shippers, ending a three-day strike weeks before the US presidential election.
Ireland's data watchdog said Friday it will probe whether budget airline Ryanair's use of facial recognition to check the identity of customers booking through third-party websites violates EU privacy laws.
Economy
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