The United States (US) says it has killed an Iranian leader linked to an alleged plot to assassinate Donald Trump, escalating tensions with Iran.
Nigeria's naira faces renewed pressure, trading at N1,384/dollar amid high demand. External reserves near $50bn may stabilise the currency as oil prices rise.
Bulgaria on Friday nominated a senior government official to take control of a major Lukoil refinery in the east of the country following US sanctions against the Russian oil giant.
The United States and Switzerland are set to unveil details of a trade pact Friday, with both sides reaching an agreement to sharply lower tariffs recently imposed by President Donald Trump, officials said. The Swiss government separately announced that Switzerland and the United States have found an agreement where US tariffs will be slashed from their current 39-percent level to 15 percent.
Kyrgyzstan and Tajikistan are facing an energy crisis as water levels have plummeted at the reservoirs powering their largests hydropower stations, officials said this week. The water level in the reservoir connected to Tajikistan's Nurek power plant has dropped by 2.47 metres (8.1 feet) over the last year, the state utility firm told AFP on Friday.
A financial analyst, Omowunmi Samuel, has disclosed that the Nigerian government did not introduce new taxes on savings, but only enforcing an existing law.
Serbia's diplomatic balancing act has left it teetering on the brink of a winter energy crisis, analysts warn, as US sanctions on its only oil refinery, the EU's phaseout of Russian energy, and Moscow's gas supply hardball hit home.
A British court ruled Friday that Australian mining giant BHP is liable for one of Brazil's worst environmental disasters, potentially paving the way for billions of pounds in compensation. "BHP are strictly liable as 'polluters' in respect of damage caused by the collapse," the High Court in London said in its ruling following a mammoth trial.
The German parliament's budget committee has approved revised 2026 spending plans that include even higher debts than originally thought, lawmakers said Friday, as the government gears up for an investment splurge.
The naira has rebounded in the official foreign exchange market despite threats posed by external shocks, Also, Nigeria's external reserves hit $43.4bn.
Swiss luxury group Richemont, owner of Cartier and other iconic luxury brands, on Friday reported sales ahead of analysts' forecasts notably thanks to strength in its jewellery division. Strong demand for jewellery boosted the sales of brands Buccellati, Cartier, Van Cleef & Arpels and Vhernier by six percent in the reporting period, with momentum accelerating in the second quarter.
Economy
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