Economy
“I know you are hungry”: Tinubu sends message to Nigerians on plans for Nigerian economy, advises
President Bola Tinubu has called for patience from Nigerians and promised that he is working towards alleviating the current economic situations.
Ethiopians struggle with bitter pill of currency reform
In a small fashion store in Ethiopia's capital, Medanit Woldegebriel's dresses have almost doubled in price in the past two months, sending customers fleeing. Buying a few tomatoes and some school books for his children, one shopper in Merkato said prices were up by a third across the board.
Boeing CEO says ending strike 'a top priority'
Ending a strike involving more than 30,000 of Boeing's Seattle-area workers is "a top priority" for the aviation giant, chief executive Kelly Ortberg said in a message to staff Friday. "Ending the strike is a top priority," said Ortberg.
Refiners react to reported abandonment of Dangote petrol for imported fuel
Representatives from the Dangote Refinery and domestic crude oil refiners have declared their opposition to major Nigerian oil marketers beginning to import PMS.
Can an ambitious Milei make Argentina an AI giant?
Argentina's President Javier Milei has plans to turn his country, which has one of the lowest rates of artificial intelligence (AI) use on the continent, into a world leader in the field.
US Fed dissenter calls for 'measured' pace of rate cuts
The sole holdout in the US Federal Reserve's 11-to-1 vote cementing a larger interest rate cut said Friday that the move "could be interpreted as a premature declaration of victory." "I see the risk that the Committee's larger policy action could be interpreted as a premature declaration of victory on our price stability mandate," Bowman said.
Central banks face 'difficult balancing act': IMF chief
Central banks face a "difficult balancing act" as they start lowering interest rates around the world in the face of falling inflation, the head of the IMF said Friday. "Central banks face a difficult balancing act," Georgieva said.
“Investors will flee”: Afreximbank predicts impact of naira’s depreciation on Nigeria
The Afreximbank has declared that the depreciation of the naira may scare away investors and it poses a big risk for future investments in the country.
US nuclear plant Three Mile Island to reopen to power Microsoft
Three Mile Island, the site of America's worst nuclear accident, will restart operations to provide power to Microsoft, Constellation Energy announced Friday. Constellation Energy expects the Three Mile Island reactor to go back online in 2028.
Economy
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