Nigeria's 16th and current president, Asiwaju Bola Ahmed Tinubu, was on Friday, November 21, told to resign from his role. Legit.ng has the details.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
A Spanish court opened a trial on Wednesday over a 550-million-euro lawsuit brought by more than 80 Spanish media organisations against Facebook owner Meta for allegedly breaching European Union data protection rules. Spanish radio and television stations have launched a separate lawsuit against Meta for the same reasons, seeking 160 million euros in damages.
The chairman of the Federal Inland Revenue Service (FIRS), Zaach Adedeji, has revealed that the Nigerian government has exempted three new sectors from VAT.
Taiwan "will not agree" to making 50 percent of its semiconductors in the United States, the island's lead tariff negotiator said Wednesday, as Washington pressures Taipei to produce more chips on US soil. More than 70 percent of the island's exports to the United States are information and communications technology, which includes chips, the cabinet said in a statement Wednesday.
When Prime Minister Narendra Modi declared India's "late entry" into the global semiconductor race, he pinned hopes on pioneers such as Vellayan Subbiah to create a chip innovation hub. - 'More complicated'- Modi this month said that "20 percent of the global talent in semiconductor design comes from India".
Asian markets stuttered, US futures fell and gold hovered near record highs Wednesday after lawmakers in Washington failed to reach a deal to avert a government shutdown. Gold, a go-to in times of turmoil and uncertainty, was hovering just below its record high of $3,871.72 owing to a weaker dollar, bets on lower borrowing costs and worries about the impact of the shutdown.
South Korea recorded its highest ever semiconductor exports in September, official data showed Wednesday, despite growing pressure from US tariffs and other restrictions on the crucial sector. Seoul logged more than $16.6 billion in exports of semiconductors last month, up by more than a fifth from September 2024, according to data from the country's industry ministry.
Nike reported a surprise increase in quarterly sales Tuesday, pointing to progress on a turnaround as it forecast a bigger cost hit from US tariffs. But Friend lifted the company's estimate of the total cost from US tariffs under President Donald Trump's administration to an annual hit of $1.5 billion from the prior $1 billion.
Louis Vuitton showcased a collection of flouncy skirts and sculptural ruffles in front of a star-packed audience while Stella McCartney had war and peace on her mind for her show on day two of Paris Fashion Week on Tuesday. - Anderson debut - A flurry of new appointments at major labels have lent this Paris Fashion Week momentous significance.
Amazon on Tuesday unveiled the latest generation of connected products, featuring enhanced artificial intelligence capabilities designed to make interactions with AI more frequent and natural. Amazon believes in "ambient" AI, in Panay's words, which "lives naturally in the products themselves."
Economy
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