Economy
US, China finance chiefs open talks with eye on curbing tensions
US Treasury Secretary Janet Yellen opened talks Thursday with Chinese counterpart He Lifeng ahead of a key Asia-Pacific leaders' summit, seeking to limit tensions despite looming national security concerns.
Germany unveils huge electricity price relief for industry
Germany announced on Thursday a huge relief package including tax cuts on electricity for the manufacturing sector, in a bid to shore up an economy that many fear could end the year in recession. The International Monetary Fund has predicted that Germany will be the only major advanced economy to shrink this year. hmn/sr/lth
No more N900/$: Naira falls against dollar, pound, euro at official market, worsens in black markets
The Nigerian currency, the naira, continued its depreciation against the US dollar across the foreign exchange markets as the momentum created by CBN fades.
Sony hikes annual sales outlook on strong game, music performance
Japanese electronics titan Sony lifted its full-year net profit and sales forecasts on Thursday, citing strength in the company's gaming, music and image-sensor sectors. "Sales are expected to be higher than the August forecast mainly due to higher-than-expected sales in the Game & Network Services, Music and Imaging & Sensing Solutions segments," Sony said in a financial statement.
Picasso's 'Woman with a Watch' fetches $139 mn at NY auction
One of Pablo Picasso's masterpieces, "Woman with a Watch," was sold at auction Wednesday night for $139.3 million by Sotheby's in New York, the second-highest price ever achieved for the artist. When it went under the hammer at Christie's New York in 2015, it was also the record for any work of art sold at auction.
Most Asian markets see fresh gains as traders await Fed guidance
Most Asian stocks crept back up Thursday after another positive day on Wall Street, with focus on upcoming speeches by Federal Reserve officials, while oil edged back after a second successive plunge fuelled by demand doubts.
Dodging regulators, US gamblers bet big on 2024 election
Like many American political watchers, a Nevada resident named Domer had an opinion about who would emerge from turmoil within the Republican Party to become the next speaker of the House of Representatives.
Hollywood actors, studios reach tentative deal to end strike
Hollywood actors and studios reached a tentative deal Wednesday to end a months-long strike that has crippled the entertainment industry, delayed hundreds of popular shows and films, and cost billions to the US economy.
Picasso's 'Woman with a Watch' fetches $139 mn at auction: Sotheby's
One of Pablo Picasso's masterpieces, "Woman with a Watch," was sold at auction Wednesday night for $139.3 million by Sotheby's in New York, the second-highest price ever achieved for the artist. She also featured in "Femme assise pres d'une fenetre (Marie-Therese)", which was sold in 2021 for $103.4 million by Christie's auction house.
Economy
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