Governor Seyi Makinde approved the 2025 13th‑month salary bonus for Oyo workers, cleared minimum wage arrears, and inaugurated LAUTECH Teaching Hospital board.
The Nigerian FG has introduced 50 new tax breaks and reliefs aimed at easing financial pressure on small businesses and low-income earners particularly.
US tech giant Nvidia said on Friday it will supply 260,000 of its most cutting-edge chips to South Korea, as CEO Jensen Huang met President Lee Jae Myung and the heads of Korea's biggest companies on the sidelines of the APEC summit. - Chicken and chips - Huang has sought to forge closer ties with South Korean tech giants in his visit to the country this week.
Asian stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon. Amazon also reported earnings that were better than expected, driven by surging demand for its cloud computing services.
A stone's throw from Venezuela, in the eye of a political storm fueled by a US naval deployment, fishermen from the archipelago of Trinidad and Tobago fear getting caught up in the tumult. But he does not dare venture far in the current political climate, fearing he will be caught and sent back. esp/pgf/ms/mlr/mlm
Apple on Thursday reported profit of $27.5 billion in the recently ended quarter, powered by iPhone and services revenue. "Apple is very proud to report a September quarter revenue record," chief executive Tim Cook said in a release.
Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail behemoth reported better than expected earnings, powered by surging demand for its cloud computing services.
Powered by its sovereign wealth fund of nearly $1 trillion, Saudi Arabia is backing its new AI firm Humain, entering a highly competitive sector some fear is a bubble ready to burst.
The head of the UN's flagship climate fund has announced a record-breaking year for approving projects in vulnerable countries, crediting red-tape-cutting reforms for the achievement that includes a major desalination project in Jordan.
Chinese electric vehicle giant BYD said on Thursday its third-quarter profit had slumped by 33 percent year-on-year, with sluggish domestic consumption piling pressure on the carmaker as it looks to expand overseas.
Shares in Stellantis suffered a double-digit fall on Thursday as the US-European auto giant whose brands include Jeep, Fiat and Peugeot warned of financial bumps ahead. But Stellantis also warned it expects to incur charges in the second half of the year.
Economy
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