The presidency has reacted to the criticism of the Federal High Court judgment on Nnamdi Kanu by Peter Obi, the 2027 presidential candidate of the Labour Party.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
Britain's Labour government plans to permanently ban fracking, a highly controversial method of extracting fossil fuels, due its environmental impact, Energy Secretary Ed Miliband said Wednesday. "Let's ban fracking," Miliband told the Labour party conference in Liverpool.
An independent appeals body tasked with resolving disputes between social media platforms and EU users on Wednesday criticised a lack of cooperation from digital platforms, especially YouTube. A YouTube spokesperson countered that "ACE has not put in place the privacy safeguards necessary for us to share the user data they need to resolve disputes about content moderation decisions".
The EU will propose cutting steel import quotas and significantly increasing tariffs on the metal from abroad, the bloc's industry chief Stephane Sejourne told the sector on Wednesday, mirroring US moves.
The Nigerian foreign exchange experienced a massive dollar inflows, which hit almost $1 billion, leading to the naira crossing the N1,500 per dollar barrier.
Thousands of Greek workers prompted large-scale disruption during a 24-hour general strike on Wednesday, protesting against the conservative government's plans to introduce a 13-hour work day. - Fragile economy - The bill, which has not yet been submitted to parliament, allows staff to work 13 hours a day for the same employer under exceptional circumstances, for extra pay.
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".
Economy
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