The Nigerian currency has continued its upward climb against the dollar in official and parallel markets, closing at N1,527 and N1,565 per dollar, respectively.
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DMO confirms amount FG spent on domestic dollar-debt servicing in one month
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Trump wins major victory as flagship bill passes Congress
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Hedi Slimane quits as Celine's artistic director
Hedi Slimane has quit as artistic director at Celine, the French haute couture house said Wednesday, amid speculation the 56-year-old may fill Karl Lagerfeld's empty chair at Chanel. "Under his creative and artistic direction, Celine has experienced exceptional growth and established itself as an iconic French couture house," the house said in a statement.
Britain's Starmer in Brussels to flesh out EU 'reset' pledge
Keir Starmer arrived in Brussels on Wednesday on his first visit as British prime minister, looking to build on a promised "reset" of relations with the European Union after the rancour of Brexit.
Spain welcomed record number of tourists this summer
Spain welcomed a record 21.8 million international visitors to its shores this summer, official data showed on Wednesday, an influx of tourism that triggered some protests in the country. The most common nationality of tourists in Spain over the summer was British, with 4.17 million UK visitors.
Samsung says planning job cuts in some Asian operations
Samsung Electronics said Wednesday it was planning to cut jobs in some of its Asian operations, after a report that one in ten posts in affected markets could be axed. Bloomberg reported however that the layoffs could affect about 10 percent of the workforce in those markets.
France says coming tax hikes on the wealthy to be 'temporary'
France's finance minister promised on Wednesday that the tax hikes the government says are required to bring the country's finances back on track will be targeted at high-income groups and limited in time. "Once we have managed to cut spending significantly, an exceptional and temporary effort will be required from those with extremely high incomes," Armand said.
Oracle to invest $6.5 bn in Malaysian cloud services region
Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centres in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia. Oracle is the latest global tech giant to announce major digital investments in Southeast Asia.
Oil extends rally after Iran attack, Hong Kong resumes surge
Oil prices rose more than one percent Wednesday, extending the previous day's rally, and safe haven gold pushed towards a record high after Iran's missile attack on Israel ramped up fears about an escalation in the Middle East. Demand for gold -- considered a go-to in times of uncertainty and turmoil -- pushed the precious metal close to its $2,685 record.
X agrees to pay Brazil fines, court orders finances unblocked
A Brazilian judge on Tuesday ordered the unblocking of the bank accounts of Elon Musk's X in the country after the social media platform agreed to pay more than $5 million in fines. In his latest decision, the judge ordered Brazil's central bank to unblock X's bank accounts so it can receive transfers and "immediately make payment of the fines indicated."
California passes law allowing Dutch-style cannabis cafes
Starting next year, diners in the western US state of California can smoke cannabis at certain restaurants, thanks to a new law allowing for "cannabis cafes" akin to those popularized in the Netherlands. California notably banned smoking in bars and restaurants nearly 30 years ago, the first US state to do so.
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