Former President Goodluck Jonathan has finally opened up on leaving the troubled Guinea Bissau on Ivorian air rathan Nigerian aircraft when he was trapped.
The Nigerian government announced plans to secure $500m loan from the World Bank to boost MSME lending in Nigeria through the Development Bank of Nigeria (DBN).
The Nigerian currency has maintained a negative run against the naira in the official and parallel markets, losing 0.09 per cent in the official window on Wednesday.
The World Bank plans to loan cash-strapped Pakistan $20 billion over the coming decade to nurture its private sector and bolster resilience to climate change, Prime Minister Shehbaz Sharif said. Sharif said the World Bank funding would be used for "child nutrition, quality education, clean energy, climate resilience, inclusive development and private investment".
Taiwanese chipmaking giant TSMC on Thursday announced a better-than-expected net profit for the fourth quarter as it benefits from booming demand for AI technology. Net revenue for the fourth quarter rose 38.8 percent to NT$868.46 billion, TMSC said, beating forecasts.
Speculation over Nintendo's new console, a successor to the wildly popular Switch, reached a fever pitch Thursday with specialist media predicting an imminent announcement from the Japanese gaming giant. A Nintendo spokesman told AFP on Thursday that there was "nothing we can share" regarding the announcement.
Asian markets extended a global rally Thursday after below-forecast US inflation provided a much-needed shot of relief to investors and revived hopes for interest rate cuts this year. The inflation figures tempered worries that the Federal Reserve might not cut rates this year -- or possibly even hike them -- following a blockbuster jobs report on Friday.
US officials late Wednesday announced a $1.6 billion deal with Toyota subsidiary Hino Motors to settle charges it deceived regulators about the amount of emissions spewed by its diesel engines. US regulators and the state of California, which has strict vehicle emission standards, worked out criminal and civil remedies with Hino valued at more than $1.6 billion.
Global news agency Agence France-Presse (AFP) and French artificial intelligence company Mistral AI have signed a deal for the start-up's chatbot to use news agency reports to respond to users' requests, executives from the two organisations said Thursday.
US businesses across the country are concerned about the economic impact of President-elect Donald Trump's proposals to raise tariffs and sharply curtail immigration, the Federal Reserve said Wednesday. Despite the worries, businesses across the Fed's 12 districts reported an overall increase in economic activity in late November and December, the Fed said.
US Treasury Secretary Janet Yellen warned Wednesday that plans to extend President-elect Donald Trump's 2017 tax cuts -- which remained in place under Joe Biden but are set to expire -- will add to unsustainable deficits. Yellen pointed to estimates that extending provisions of the Tax Cuts and Jobs Act could add around $4 trillion to deficits through 2034.
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