Ahead of the 2027 general elections in Africa's largest democracy, Nigeria, Peter Obi has been predicted to work for President Bola Ahmed Tinubu.
The Central Bank of Nigeria (CBN) has made the audacious move to stabilise the naira by selling $150 million to banks in the foreign exchange market
Shares in France's biggest bank, BNP Paribas, sank more than seven percent in trading on Monday, following a US court verdict late last week finding it liable for atrocities committed in Sudan. The big drop in BNP Paribas's shares in afternoon Paris trading outstripped a decline for other French banks, which sank around one percent.
Many popular internet services, from streaming platforms to messaging services and some banks, went offline for hours on Monday due to an outage in Amazon's crucial cloud network. The disruption affected streaming platforms, including Amazon's Prime Video service and Disney+, as well as Perplexity AI, the Fortnite game, Airbnb, Snapchat and Duolingo.
A Swedish court began hearing arguments Monday in a lawsuit brought by Swedish price comparison site Pricerunner, owned by Klarna, against tech giant Google for over $8 billion for promoting its own shopping comparisons in search results. It also said that prior to Google launching its own price comparison service, independent price comparison sites were shown high up in search results.
The Association of Chartered Certified Accounts (ACCA) has begun begun a programme in Nigerian schools to sensitise young students on Sustainable Development Goals.
Multiple expert predictions have said that the Nigerian currency will appreciate between N1,400 and N1,450 per dollar as Nigeria's inflation rate continues to fall.
A global outage hit Amazon's cloud services on Monday, the subsidiary of the US tech giant said, disrupting many websites and services including Amazon Prime, Perplexity, Fortnite, Alexa, Snapchat and Duolingo. Downdetector, a website monitoring internet problems, showed the outage took down many online services.
Shares in Thyssenkrupp's naval unit surged Monday as it was spun off from the German industrial giant, highlighting the buzz around European defence firms as the continent rearms amid a growing Russian threat.
The share price of Kering, the French luxury group that owns Gucci and other brands, jumped sharply Monday after it announced the $4.6-billion sale of its beauty products division to L'Oreal. Proceeds of the sale of its beauty division, which includes its leading perfume brand Creed, will go to alleviate the 9.5 billion euros ($11 billion) in debts it has racked up.
A cargo plane veered off a runway Monday during landing in Hong Kong, hit a security patrol car and then skidded into the sea, leaving two men in the vehicle dead, authorities said. Yiu said the patrol car was not on the runway at the time of the accident, and that "it was the aircraft that veered off the runway to hit the patrol car, which was outside the fence" and pushed it into the water.
Economy
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