It was a jubilation in the military as President Bola Tinubu gave approval for a new establishment for the Nigerian Army days after he declared a state of emergency.
Dr Zacch Adedeji, the Executive Chairman, Federal Inland Revenue Service (FIRS), has revealed that 95 per cent of Nigerians will pay no tax under the new tax regime.
Deep in the Abu Dhabi desert, a vast AI campus a quarter the size of Paris is starting to emerge, the oil-rich UAE's boldest bet yet on technology it hopes will help transform its economy. Now, the UAE is hoping that AI can help fill the gap when oil demand inevitably wanes.
When Nepal's government was toppled in September after deadly youth-led protests against economic stagnation and corruption, many in the impoverished country hoped for a period of meaningful political change. Protests, initially triggered by anger over a brief government ban on social media, were spearheaded by protesters under the loose "Gen Z" umbrella.
Asian markets retreated Wednesday following a tepid day on Wall Street as investors bided their time ahead of a highly anticipated Federal Reserve policy announcement later in the day.
Australia banned under-16s from social media in a world-first crackdown on Wednesday, declaring it was time to "take back control" from formidable tech giants. "We will take back control."
The US Federal Reserve is expected to deliver a further interest rate cut Wednesday despite divisions among its ranks, with chief Jerome Powell's ability to secure support from fellow policymakers put to the test.
EU countries and lawmakers will wrangle Thursday over whether to give plant-based "sausages" and veggie "burgers" the chop, amid a push to restrict such labels to meat products. Lawmakers at the European Parliament in October backed a proposal to reserve a list of labels including burger and sausage for foods containing meat.
South Korean chip giant SK hynix said on Wednesday it was considering a US stock market listing using treasury shares as part of efforts to boost shareholder value. In a regulatory filing, SK hynix said it was "considering various measures to enhance shareholder value, including listing on the US stock market using treasury shares, but no decisions have been finalised yet".
ExxonMobil is slowing medium-term investments in low-carbon ventures by some $10 billion compared with its outlook a year ago, the oil giant announced Tuesday. Under either investment scenario, the low-carbon ventures represent a small percentage in the company's overall capital budget, which is still heavily tilted towards conventional fossil fuels.
Canada on Tuesday launched a CAN$1.7 billion ($1.2 billion) program to recruit leading global researchers, part of the effort to poach intellectual talent looking to leave the United States because of President Donald Trump's policies. Canada's federal government has now joined this effort, in what it called "one of the largest recruitment programs of its kind globally."
Economy
Load more