Economy
Indonesian growth slows in second quarter
Indonesia's economy grew more slowly in the second quarter of 2024 despite being supported by spending on religious holidays and increased household consumption, the country's statistics agency said on Monday. Growth in Southeast Asia's largest economy was 5.05 percent in the second quarter, slightly lower than the previous quarter's 5.11 percent, Statistics Indonesia said.
Croatia mountain hideaway booms as tourists flee summer heat
Hoping to escape relentless heat waves, more tourists in Croatia are heading to an upland getaway to dodge the soaring temperatures by the sea. Like much of southeast Europe, Croatia has been hit by a string of heat waves throughout the summer, with the mercury regularly passing 37 degrees Celsius.
UK beekeepers and scientists tackle sticky problem of honey fraud
Lynne Ingram cuts a peaceful figure as she tends to a row of humming beehives in a leafy corner of Somerset, southwest England. - Lasers - Behind the closed blinds of a research laboratory at Aston University in Birmingham, central England, researchers fighting honey fraud are harnessing cutting-edge technology.
Asian stocks tank after US data fans recession fears
Tokyo led a plunge across Asian equities Monday, while the yen hit a six-month high after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.
Foreign exchange turnover rises as naira depreciated by 6.43% in July
The Nigerian foreign exchange market dipped by 6.43% in July despite the sales of foreign exchange to authorized dealers. The naira crashed at a high of N1,608.73.
Sicily's Catania airport back in service after Etna activity
Sicily's Catania Airport resumed service Sunday after volcanic activity from Mount Etna temporarily limited incoming flights, but it warned passengers of possible delays and cancellations. Earlier in the day, the airport announced that due to volcanic activity Sunday morning, arriving flights would be reduced to six per hour and that one section of the airport would be closed.
Hunger protest: Tinubu unveils 15 major economic achievements of his administration
President Bola Tinubu has provided insights into his administration's efforts to address the economic challenges faced by Nigerians amid ongoing nationwide protests.
CBN Moves to crash dollar again, introduces new system to sell FX to dealers
The Central Bank of Nigeria (CBN) has reintroduced the Retail Dutch Auction System (rDAS) as it moves to meet growing FX demands and improve the naira's value.
Nigerian student loan payouts surge as NELFund disburses N2.5 billion
The Nigerian Education Loan Fund (NELFund) has further approved student loans amounting to over N2,530,235,750 to benefit 22,120 Nigerian students.
Economy
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