Economy
Boost For Naira as Nigeria FX Reserves Gain $620m in 10 Days as FG Announces Domestic Dollar Bond
Nigeria's foreign exchange reserves gained over $620 million in 10 days after the Nigerian government announced the successful execution of its Domestic Dollar Bond.
Deal with pilots averts strike at Air Canada
Flagship carrier Air Canada said Sunday it has reached a last-minute tentative deal with its pilots, averting a crippling strike that would have grounded flights and risked devastating the economy.
US Fed expected to announce its first interest rate cut since 2020
The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election. - The debate among policymakers on Tuesday and Wednesday this week will likely center on whether to move by 25 or 50 basis points.
Pennsylvania's fracking industry plans to continue, whoever wins White House
Pennsylvanians working in the controversial fracking industry are confident that the sector will endure, whoever wins the White House in November's presidential election. Asked whom he supports in the 2024 presidential election, the 40-year-old, who grew up nearby, said he backs "whoever is going to be driving our business."
Why have Mexico's judicial reforms upset investors?
President Andres Manuel Lopez Obrador's controversial judicial reforms making Mexico the world's only country to elect all its judges by popular vote have spooked financial markets and investors. Now the judicial reforms and the planned elimination of autonomous institutions "will make Mexico much more vulnerable" going into the negotiations, he added.
Climate demo shuts down Hague motorway during police strike
Hundreds of climate activists blocked a major motorway running through The Hague Saturday, urging an end to billions of euros in Dutch fossil fuel subsidies in their "most disruptive" action yet. Demonstrators had daubed XR logos and "end fossil fuel subsidies" on the motorway as an elderly group wearing "grandparents for the climate" shirts handed out flyers.
Nigerians discover market where food items are selling for cheaper prices
A unique Islamic market has emerged in Iwo, Osun state, where people can buy cheaper food items from traders who still make significant profits...
Tunisia fisherwomen battle inequality and climate change
Off a quiet Tunisian island, Sara Souissi readies her small fishing boat. Souissi, who only uses relatively small nets with no motor on her boat, said she and others should fish responsibly in order to survive.
Brazil judge seizes $3 million from Musk to pay X fines
Brazil's Supreme Court said Friday that a judge has ordered the transfer of some $3 million from Elon Musk's companies to pay fines incurred by his social network X, which has been suspended in the country. His measures have fueled debate on freedom of expression and the limits of social networks both inside and outside of the country.
Economy
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