Ezenwo Nyesom Wike, the minister of the FCT, has appointed Mukhtar Usman Galadima to a key role. The announcement was made late on Wednesday, December 3.
Staring at a pile of freshly cut beechwood, forestry manager Johannes Brodowski wonders if he is looking at the future of Germany's chemicals industry. Germany's traditional chemicals industry has been battered by high energy prices and cheap competition from Asia, with national output now at its lowest level since 1995.
Inflation in Japan slowed to 2.7 percent in August due partly to government energy subsidies, official data showed Friday, with the cost of rice easing following a huge price spike. Abhijit Surya of Capital Economics said the main factor behind the fall in inflation was "a deepening of energy price deflation... due to the resumption of electricity and gas subsidies".
A top US regulator on Thursday sued Ticketmaster and its parent company Live Nation, alleging the ticketing giant conspired with brokers to inflate concert ticket prices and deceive consumers with hidden fees.
When businessman Travis McMaster shifted more manufacturing of his products out of China, and into India, he had sought to avoid growing tensions between Washington and Beijing. Our business isn't run on a whim, and our country shouldn't (be) either," McMaster, whose firm is based in Washington state, told reporters.
Shares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it would invest $5 billion in its struggling rival. Nvidia joins Japanese investment giant SoftBank and the US government in backing the once-dominant chipmaker, which has fallen behind in recent years after missing key technology shifts.
Mexico's president will host the leader of Canada for trade talks Thursday as they seek to navigate the tariff war launched by Donald Trump despite the existence of a three-way free-trade agreement.
The IMF has proposed appointing the US Treasury Department's chief of staff as its new number-two official, the Washington-based lender said Thursday. Katz, who is chief of staff at the Treasury Department, was a senior official in the department during Trump's first term as well.
Cyberattacks and sabotage, mainly from Russia and China, have caused record damages for German firms this year, the domestic spy service and a business group warned Thursday. While last year 39 percent of firms said they had been targeted by Russia, this year that number rose to 46 percent, with the same number reporting an attack from China.
A previously unknown portrait by Pablo Picasso of one of his lovers was revealed on Thursday after being put up for sale at auction in Paris with a reserve price of eight million euros ($9.5 million). Other paintings of Dora Maar have sold for many times more than the reserve price of $9.5 million for "Bust of a Woman With a Flowery Hat".
Donald Trump hailed America's "unbreakable bond" with Britain Thursday as he and Prime Minister Keir Starmer signed a huge tech deal on the second day of the US president's pomp-filled state visit. Trump said the deal was "very big", and added of US relations with key NATO ally Britain that "it's an unbreakable bond we have regardless of what we're doing today."
Economy
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