On Thursday, December 4, 2025, President Bola Tinubu nominated the immediate past sole administrator of Rivers state, Ibok-Ete Ekwe Ibas, as a non-career ambassador.
The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified the government's position on TINs on bank accounts.
Scam centres in Myanmar blamed for swindling billions from victims across the world are expanding fast just months after a crackdown that was supposed to eradicate them, an AFP investigation has found. China, Thailand and Myanmar forced pro-junta Myanmar militias who protect the centres into promising to "eradicate" the compounds in February.
China, the European Union and several other members of the International Maritime Organization reaffirmed their support on Tuesday for ambitious plans to cut shipping emissions, despite US threats.
US Federal Reserve Chair Jerome Powell warned Tuesday that risks to employment had risen in recent months, noting there had been a sharp slowdown of job creation in the world's leading economy.
Chipmaker Nexperia said Tuesday the Chinese government had banned it from exporting goods from China, after Dutch authorities seized control of the Netherlands-based firm citing management concerns.
An EU proposal aimed at improving animal transport conditions has hit a wall two years after its introduction, with negotiations deadlocked and its future uncertain.
US Treasury Secretary Scott Bessent slammed Beijing in an interview this week, accusing it of seeking to harm the global economy after China slapped sweeping new export controls in the strategic field of rare earths. His comments came days after Beijing imposed fresh controls on the export of rare earth technologies and items.
The International Monetary Fund on Tuesday lifted its outlook for global growth this year, flagging a milder-than-expected economic hit from President Donald Trump's tariff policies while warning of risks ahead.
The EU's attempts to integrate the economies of its 27 member states have been insufficient to boost lackluster growth, the IMF's chief economist said in an interview. "There's been some progress, but insufficient in our view, in terms of integrating these economies," Gourinchas said.
Italian designer Maria Grazia Chiuri was named Tuesday as the new chief creative officer at Rome-based luxury brand Fendi, just months after stepping down as womenswear designer at Dior. "Maria Grazia Chiuri is one of the greatest creative talents in fashion today," said Bernard Arnault, the multi-billionaire chief executive of fashion giant LVMH, which owns Fendi and Dior.
Economy
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