Economy
Cuts, cash, credit: China's latest bid to jumpstart flagging economy
China this week unveiled a bundle of new measures aimed at kickstarting its economy, which has been battered in recent years by unprecedented headwinds including a property sector crisis and sluggish spending. The raft of measures, including the cuts, are considered the boldest in years as Beijing aims to revive economic activity.
Naira nosedives against dollar as CBN reports rise in Nigeria’s external reserves
Amid an increase in foreign reserves and a hike in Nigeria's interest rates, the naira fell against the US dollar, depreciating to N1,658. per dollar from N1,562/$.
Leftist Sri Lanka leader stuck with painful IMF deal: analysts
Sri Lanka's new leftist leader has little room to renegotiate an IMF bailout that threw a lifeline to his bankrupt country but imposed punishing and unpopular austerity measures, analysts say. - 'Best interest of the country' - Dissanayake's predecessor, Ranil Wickremesinghe, was voted out of office after doubling income taxes and imposing other reviled austerity measures.
Cryptocurrency platform boss urges tighter regulation
Cryptocurrency platform boss urges tighter regulation
Nigerians react as CBN hikes cost of borrowing from banks to 27.25 per cent
The CBN's Monetary Policy Committee (MPC) has increased the monetary policy rate (MPR), which sets the benchmark for interest rates, from 26.75% to 27.25%.
French champagne makers bid to protect seasonal workers from abuse
French champagne producers are looking to restore their damaged reputations after four workers died last year amid hot weather, as authorities closed squalid housing and launched probes into suspected human trafficking.
Atletico Madrid president splits time between football and film
Enrique Cerezo is best known in Spain as the longtime president of Atletico Madrid football club, the less glamorous cross-town rivals of Real Madrid. Success in the two fields is measured differently, said Cerezo, who has led Atletico Madrid to six European titles and four Spanish ones since he took over as president of the Spanish first division side in 2003.
Outdated rules, limited metro collide for 'unbearable' Athens gridlock
Straining to squeeze his taxi between two hulking trucks blocking an Athens street, 66-year-old cabbie Damianos says he's never seen traffic congestion in the Greek capital this bad. According to transport ministry data analysed by AMVIR, there are over 2.2 million cars in the greater Athens area, in addition to over 16,000 taxis and tens of thousands of trucks of various sizes.
The EU vs X: How big could the fines be for Musk?
Elon Musk's X is in hot water with the EU for allegedly breaking new content rules -- and the world's richest man risks multibillion-dollar fines even he might find prohibitive.
Economy
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