US President Donald Trump has again commented on his earlier allegation of Christian genocide in Nigeria, a claimed fact-checked to be made without data.
Garri prices have dropped sharply nationwide as abundant cassava harvest boosts supply, easing consumer pressure while Nigeria’s inflation continues to fall.
Back-to-back talks between the United States and China's top diplomats and defence chiefs could mark "a small step" towards a meeting between the leaders of the two countries, analysts said, but cautioned against expecting an imminent summit.
France's political crisis will likely take centre stage at a European Central Bank meeting Thursday, with turmoil in the eurozone's second-biggest economy causing a fresh headache for policymakers. But the latest French political crisis has thrown a new curveball at the central bank for the 20 countries that use the euro.
Asian equities mostly rose Thursday as investors built on this week's rally after US data ramped up expectations for a string of interest rate cuts. The data soothed worries that US President Donald Trump's tariff war would reignite inflation -- as many have warned -- and gave the Fed room to cut rates and address weakness in the jobs market.
Mexico, under pressure not to serve as a back door for Chinese goods entering the United States, has proposed a 50-percent duty on car imports from the Asian giant -- up from 15-20 percent. The White House has said Chinese producers are abusing a free-trade deal between the United States, Mexico and Canada to send goods northward over the Mexican border tariff-free.
Labor leaders reached a tentative agreement with Boeing that could resolve a strike in the aviation giant's defense business, the union announced Wednesday. The strike comes on the heels of a much larger stoppage in Boeing's commercial aviation business involving some 33,000 workers who halted production at Pacific Northwest factories for more than seven weeks. jmb/dw
Merck, the US pharmaceutical group, said on Wednesday it has dropped plans to build a $1.4-billion research centre in Britain, blaming the country's "lack of investment" in the sector and its drugs prices.
Billionaire Elon Musk is at risk of losing his title of world's wealthiest person to Oracle co-founder Larry Ellison, whose software giant stands poised for massive AI riches. Ellison, 81, amassed more than $100 billion in additional wealth Wednesday as Oracle shares skyrocketed after the nearly 50-year old company forecast massive revenue growth amid the artificial intelligence investment boom.
Italy is expected to enjoy a good 2025 harvest and clinch the world's leading producer label once again, according to estimates presented Wednesday by Italy's agriculture ministry and its wine union. Overall, Italy is regaining a lead over France, the world's second largest producer, and expected to produce 37.4 million hectolitres.
The disparity between the official foreign exchange window and the black market has narrowed to just N10 as the naira continued its surge in the forex market.
Economy
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