Protesters targeted the finance ministry in Abuja to express anger at the federal government, with videos emerging showing the disgruntled demonstrators.
The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
Commercial banks have increased their deposits with the Central Bank of Nigeria (CBN) via the Standing Deposit Facility (SDF) after interest rate cuts by CBN.
The United States has opened investigations into imports of medical equipment such as surgical masks, and industrial machinery, in moves that could lead to new tariffs. The medical equipment probe considers the effects on national security of imports of personal protective equipment (PPE), medical consumables and medical equipment including devices.
German industrial giant Bosch said Thursday it would cut 13,000 jobs, mostly in its auto unit, in the latest blow for the country's ailing car sector. - 'Social devastation' - While agreeing that the situation in the German automotive industry was "very tense", Frank Sell, head of the Bosch Mobility works council, vowed to fight the cuts.
The European Commission launched an antitrust probe into German software giant SAP Thursday over fears the company's practices may have distorted competition. "We are concerned that SAP may have restricted competition... by making it harder for rivals to compete, leaving European customers with fewer choices and higher costs," EU antitrust chief Teresa Ribera said in a statement.
US ticket sales giant Ticketmaster has agreed to make its pricing more transparent following widespread anger over the exorbitant costs paid by some fans for the Oasis reunion tour, Britain's competition watchdog said Thursday. The Competition and Markets Authority launched an investigation into the company last year over concerns that it had misled fans into buying costly tickets.
The Central Bank of Nigeria has intervened in the foreign exchange market, selling $52 million to authorised dealer banks to keep the naira stable.
Germany must move quicker with potentially painful reforms, experts warned Thursday, in the latest sign of unease at Chancellor Friedrich Merz's efforts to turn the struggling economy around. The Bild newspaper also reported Tuesday that business associations had berated Merz behind closed doors for moving too slowly on reforms.
At a windswept container park near the sprawling port of Rotterdam, a crane slots a 30-tonne white battery into a transporter vessel, enough to provide eight hours of zero-emissions freight. ITG has 17 terminals connecting key locations in the Netherlands and Belgium with the sea ports of Antwerp and Rotterdam, handling one million containers per year.
Switzerland's central bank kept its policy rate at zero percent on Thursday, warning that massive US tariffs are weighing on the country's export-dependent economy. "The tariffs are likely to dampen exports and investment especially.
Economy
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