The leading opposition PDP has got a new national chairman at its ongoing national convention in Ibadan, Oyo state capital after expelling FCT Minister Nyesom Wike.
The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
President Donald Trump unveiled new tariffs Thursday on nearly 70 countries -- including a blistering 35 percent on neighbor Canada -- as he seeks to reshape global trade to benefit the US economy. Trump raised duties on nearly 70 economies, from a current 10 percent level imposed in April when he unleashed "reciprocal" tariffs citing unfair trade practices.
South Korea's exports surged to their highest level ever for a July, fuelled by strong overseas demand for semiconductors and automobiles, despite US tariffs weighing on trade, government data showed Friday. Semiconductors, South Korea's main export, recorded more than $14 billion -- the highest-ever for July, increasing by almost a third from the previous year.
Asian markets mostly fell Friday as Donald Trump announced tariffs on dozens of trading partners ahead of a self-imposed deadline, offsetting strong earnings from tech giants. The tariff uncertainty overshadowed earnings from major tech titans this week that saw Apple on Thursday post double-digit quarterly revenue growth that beat expectations.
Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by US tariffs. - Meta reported robust second-quarter financial results Wednesday, with revenue jumping 22 percent year-over-year as the social media giant continues investing heavily in artificial intelligence.
Nvidia chips do not contain "backdoors" allowing remote access, the US tech giant has said, after Beijing summoned company representatives to discuss "serious security issues". Beijing's top internet regulator said Thursday it had summoned Nvidia representatives to discuss recently discovered "serious security issues" involving the H20.
President Donald Trump ordered the reimposition of tariffs on dozens of trading partners Thursday -- his cornerstone strategy for reshaping global trade to benefit the US economy. Just Thursday, Trump announced he was delaying a tariff hike on products from the major US trading partner Mexico.
London's Heathrow Airport on Friday unveiled a £49-billion ($65 billion) expansion plan, including the costs of building a long-awaited third runway, approved by the UK government after years of legal wrangling. The government is expected to also back expansion at Gatwick airport, south of the capital, in October -- having recently approved upgrades to London's Stansted, Luton and City airports.
Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off. - 'Curveballs' - Amazon Web Services (AWS), the company's world leading cloud computing division, led the charge with sales jumping 17.5 percent to $30.9 billion.
Brazil vowed Thursday to combat US President Donald Trump's tariffs on its exports, saying it intends to lodge appeals if last-ditch negotiations fail. If negotiations fail, Haddad said Brasilia would "file appeals with the appropriate authorities, both in the United States and with international bodies."
Economy
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