A prominent Nigerian pastor has shared a fresh prophecy in response to recent military action threats by Donald Trump and the United States (US).
The Nigerian government has announced a new date to disburse the $2.5 billion Youth Economic Intervention and De-Radicalisation Programme (YEIDEP) fund.
The naira is on a strong footing against the US dollar following foreign portfolio investors' renewed confidence in the economy and the CBN's interventions.
The US trade deficit expanded more than expected in July, government data showed Thursday, on a surge in imports analysts expect was driven by a rush to beat another wave of President Donald Trump's tariffs. Analysts at Pantheon Macroeconomics believe the growing trade gap is connected with "another wave of pre-tariff stockpiling," they said in a recent report.
Hiring in the US private sector slowed more than anticipated in August, according to payroll firm ADP on Thursday, as all eyes turn to the jobs market to gauge the economy's health. The most recent hiring figures showed that the key labor market was weaker than expected, sparking worries about the health of the economy.
Italy's MediaForEurope (MFE) announced Thursday it had taken control of one of Germany's biggest private broadcasting groups, as it seeks to build a pan-European group able to compete with streaming giants. "Our goal is to create a pan-European broadcasting and media group capable of standing up to the global tech giants and competing with them," he said.
At age 70, Pete Maie appears nervous at the start of a job interview to work as a part-time parcel delivery driver for a German logistics company. Economist Johannes Geyer of the Berlin-based DIW institute said that retirement at 70 would help the budget but could harm workers, especially in physically demanding jobs.
President Donald Trump's administration asked the US Supreme Court on Wednesday for an expedited ruling preserving the tariffs that have roiled global markets, saying a lower court ruling against it has already damaged trade negotiations.
Cash-strapped and in dire need of 30,000 naira (about $20), Mariam Ogundairo turned to a loan app, downloading it and registering her phone number. An increasing number of Nigerians have turned to personal loans following reforms by President Bola Tinubu to shock the country's moribund economy and remove costly subsidies.
Asian stock markets were mostly up Thursday morning, tracking gains made on Wall Street as a weak labour market report in the United States boosted hopes for an interest-rate cut. A soft US labour market report Wednesday showing a decline in job openings helped lift investor confidence the Federal Reserve will cut interest rates.
Colombia's coal exports fell by almost half in July compared to the same month last year, official figures showed Wednesday, amid a global price crisis and days after President Gustavo Petro's ban on sales to Israel. Last month, Petro issued a second decree for Colombia to halt coal exports to Israel in protest against its deadly war in Gaza, renewing a June 2024 edict.
Economy
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