Naira rallies against the US dollar amid improved economic outlook and easing demand pressures, closing at N1,419.28, signalling renewed confidence,
Naira rallies against the US dollar amid improved economic outlook and easing demand pressures, closing at N1,419.28, signalling renewed confidence,
US Treasury Secretary Scott Bessent on Wednesday said he was working to help corral the private sector around a new $20 billion "facility" to support Argentina's embattled economy. Bessent added that he had spent "weeks" working on the private-sector solution to Argentina's upcoming debt payments, which would come on top of the $20 billion US swap line the US Treasury recently set up.
Canadian leaders said Wednesday that Jeep-maker Stellantis's decision to invest $13 billion in the United States threatens Canadian jobs, urging action to counter what they called another casualty of President Donald Trump's trade war.
The Nigerian currency is depreciating again due to renewed instability in the foreign exchange markets, driven by a resurgence in dollar demands by traders.
US Treasury Secretary Scott Bessent slammed Beijing's rare earth export curbs Wednesday as "China versus the world," vowing that Washington and its allies would "neither be commanded nor controlled." But he expressed hope that China would back off its rare earth curbs.
The Central Bank of Nigeria (CBN) has asked commercial banks and other financial institutions to expand access to Automated Teller Machines to 5,000 cards per ATM.
Greece's parliament on Wednesday debated a controversial reform proposed by the conservative government, which would allow 13-hour workdays under exceptional circumstances, drawing fire from unions and opposition parties. But opposition parties and unions argue that workers will risk layoffs if they refuse longer hours.
It is absolutely critical for European countries to boost growth and productivity to catch up with the United States, a senior IMF official told AFP, calling on policymakers to make "smarter" spending choices.
New challenges will test Pokemon trainers' reactions in their virtual beast battles, as the near-30-year-old saga's latest instalment hits Nintendo consoles on Thursday. The beasts' often-cute appearance belies their fearsome powers, which players can deploy in battles against other trainers.
French telecom firm SFR on Wednesday rejected a buyout bid by three rivals, as the government and labour unions warned the deal could harm consumers and employees.
Economy
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