House of Reps calls on federal government to activate diplomatic efforts for former President Jonathan's safe return from Guinea-Bissau amid military coup.
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.
Tesla reported a hefty drop in profits Wednesday, citing a drag from tariffs and other expenses that more than offset a lift from increased auto sales. Besides tariffs, the company's earnings press release cited higher restructuring expenses and lower revenues from regulatory credits as factors in the profits, which lagged behind analyst expectations.
Germany's Volkswagen warned Wednesday that its car production could be hit by a shortage of Nexperia semiconductors amid a deepening row between China and the Netherlands over the chipmaker. Volkswagen, Europe's biggest carmaker, confirmed some Nexperia components are used it its vehicles but said production was "currently unaffected".
General Motors announced plans Wednesday to incorporate Google's Gemini artificial intelligence platform into vehicles and to launch a vehicle capable of "eyes-off" driving in 2028.
The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid spiralling debt, heavy tariffs and financial insecurity for emerging nations. And the rules-based trading system is at risk of derailment," Guterres said at the 16th UN Conference on Trade and Development (UNCTAD) in Geneva.
SpaceX has cut service to more than 2,500 Starlink internet devices at Myanmar scam centres, a company executive said Wednesday, after AFP revealed that their use had exploded in the illicit industry. SpaceX's vice-president of Starlink business operations, Lauren Dreyer, said the company "disabled over 2,500 Starlink Kits in the vicinity of suspected 'scam centers'" in Myanmar.
The Central Bank of Nigeria (CBN) has left the Customs foreign exchange rate for cargo clearance unchanged following the appreciation of the naira.
Eurostar said Wednesday it will run double-decker trains through the Channel Tunnel for the first time, as it faces potential competition on its routes between London and mainland Europe. "We're particularly proud to bring double-decker trains to the UK for the very first time," she added in a statement.
Italy's second largest bank, UniCredit, beat analyst expectations on Wednesday with record third-quarter profits as higher commissions and cost cutting measures outweighed lower interest income. The bank confirmed its 2025 net profit target of 10.5 billion euros excluding measures to boost future performance, and its medium-term target of surpassing 11 billion euros in 2027.
Sales by French luxury group Hermes, known for its silk scarves and leather handbags, defied US tariffs and a weak dollar to rise in the third quarter. Hermes said earlier this year that it hoped to avoid raising prices in the United States further despite the new 15 percent tariff on goods from the EU, but warned the weak dollar was also weighing on performance.
Economy
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