President Bola Ahmed Tinubu has declared an emergency on security training institutions in Africa's most populous nation, Nigeria, it emerged on Tuesday.
FG has introduced 50 new tax breaks and reliefs aimed at easing financial pressure on Nigerians, small businesses, and supporting low-income earners.
France's growing debt pile is at the heart of the confidence vote that could topple the government of Prime Minister Francois Bayrou next week. Bayrou called the vote to settle a fight over the budget as he seeks 44 billion euros ($51 billion) in savings to cut the debt.
China said Friday it would impose temporary anti-dumping duties on European Union pork imports, delivering another blow to shaky ties between the economic powerhouses. The investigation has "preliminarily determined that imports of relevant pork and pig by-products originating in the European Union are being dumped", a statement from China's commerce ministry said.
NEXIM Bank has given out more than N420 billion in loans to support exporters through different funding programs and helped create over 12,000 direct jobs.
Danish energy group Orsted has filed a lawsuit seeking to prevent the US government from blocking the construction of one of its wind farms that was nearing completion.
Anthropic is barring Chinese-run companies and organizations from using its artificial intelligence services, the US tech giant said, as it toughened restrictions on "authoritarian regions." Anthropic -- valued at $183 billion -- said that the change would affect entities more than 50 percent owned, directly or indirectly, by companies in unsupported regions.
German industrial orders unexpectedly fell in July, official data showed Friday, the latest sign that Europe's long-struggling top economy remains stuck in the doldrums. "High trade and geopolitical uncertainties" were creating volatility when it came to orders, the German economy ministry said in a statement.
US employment data on Friday is expected to confirm a cooled labor market, as companies pull back on hiring amid continued uncertainty over President Donald Trump's tariffs. He also pointed to the downward revisions to hiring numbers, saying that similar things have happened this year -- amid his return to the presidency in January -- and "always to the negative."
Asian markets mostly gained on Friday after an intense selloff of Chinese equities stalled this week, with rumours the country's financial regulators could intervene to slow the dumping. Analysts said the decline followed a Bloomberg report that China's financial regulators may implement measures to cool the pace of the selloff in stocks.
Tech world executives showered Donald Trump with praise Thursday during a rare dinner that saw the US president host some of the most important players in AI at the White House. Notably absent from the dinner was multi-billionaire tech tycoon Elon Musk, a former Trump ally who had a spectacular falling out with the president.
Economy
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