Prominent Islamic scholar Sheikh Ahmad Mahmud Gumi has claimed foreign powers are supporting terrorists in Nigeria, contributing to rising insecurity.
The Nigerian government has opened the portal for Youth Economic Intervention and De-Radicalization Programme (YEIDEP) after several postponements.
The Bank of England kept its key interest rate at four percent Thursday, as elevated UK inflation offsets the country's stagnant economic growth. Elsewhere Thursday, Norway's central bank reduced interest rates to four percent to avoid putting pressure on the country's economy.
Will Shu, founder of food delivery app Deliveroo, will step down as its chief executive once US rival DoorDash completes a takeover of the British group, a statement said Thursday. "Taking Deliveroo from being an idea to what it is today has been amazing," Shu said in the statement.
The Nigerian currency, the naira, momentarily lost its grip, depreciating to N1,497 per dollar from N1,484 as demand for the US currency returned.
Trading in Continental's struggling auto parts division got off to a slow start Thursday as it was listed on the Frankfurt stock exchange, the latest upheaval in Germany's car industry. Aumovio CEO Philipp von Hirschheydt hailed a "bold new chapter" as he rang the bell at the Frankfurt Stock Exchange to mark the start of trading.
Equities wavered in Asia on Thursday after the Federal Reserve lowered interest rates but left investors wondering how many more cuts were in the pipeline despite boss Jerome Powell warning about the struggling jobs market.
A federal judge overseeing a closely watched climate case on Wednesday pressed the lawyer representing young Americans suing President Donald Trump on whether courts have constitutional authority to rein in his fossil-fuel agenda.
Meta showed off new smart glasses on Wednesday as it continued to bank on a lifestyle shift toward blending reality and virtual space despite the efforts inflicting heavy financial losses. But Reality Labs -- Meta's virtual and augmented reality unit -- has consistently posted big losses.
A well-financed campaign to build a casino in the heart of New York's theater district collapsed Wednesday as a government-appointed panel voted down the proposal. Other Caesars supporters included the Reverend Al Sharpton, whose organization was poised to oversee a new $15 million civil rights museum financed by the casino coalition if the Times Square proposal had been built.
Wall Street stocks finished mixed after the Federal Reserve announced its first interest rate cut of 2025 and signaled it could enact two more cuts this year. Based on the projections released Wednesday, Hogan said Fed policy makers appeared to be close to evenly split between those who expect at least two interest rate cuts later this year and those who anticipate one or fewer.
Economy
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