Amid an alleged Christian persecution accusation, the United States (US) military has prepared plans of possible operations in Nigeria, a report has disclosed.
The Nigerian FG has introduced 50 new tax breaks and reliefs aimed at easing financial pressure on small businesses and low-income earners particularly.
The cost-of-living crisis may be easing in Germany but that has not sparked a shopping frenzy just yet in a country where, as a recent survey suggests, people fear inflation more than war. A recent survey by an army research centre showed German consumers fear rising prices more than a war between the West and Russia.
The European Central Bank looks set to keep interest rates unchanged on Thursday while the introduction of higher US tariffs threatened by US President Donald Trump hangs in the balance. But the relatively more favourable monetary policy conditions look fragile with an August 1 deadline for the possible imposition of punitive tariffs on European exports into the United States set by Trump.
US President Donald Trump will head to Scotland on Friday for a visit melding diplomacy and golf, a sport that is both his favorite pastime and of financial interest to his family. The visit is yet another example of how Trump has blurred the line between his official duties as president and promoting the family business since returning to power in January.
Australia said Thursday it would lift trade barriers on beef from the United States, removing a major point of friction between Canberra and the Trump administration. Threatened with 10 percent tariffs on beef shipped to the United States, one of its largest red meat markets, Australia has now dropped these barriers.
Google-parent Alphabet on Wednesday reported quarterly profits that topped expectations, saying artificial intelligence has boosted every part of its business. "AI is positively impacting every part of the business, driving strong momentum."
Tesla reported another drop in quarterly profits Wednesday on lower auto sales amid intensifying electric vehicle competition and lingering backlash over CEO Elon Musk's involvement in US politics. Lower profits had been expected after Tesla earlier this month disclosed a decline in auto deliveries.
United States and European officials signaled progress in tariff talks Wednesday, after US President Donald Trump announced a pact with Japan and China said its vice premier would attend bilateral negotiations next week. As the clock ticks down, China said Wednesday it would seek to "strengthen cooperation" with Washington, and confirmed vice premier He Lifeng would attend the talks.
France's champagne producers said Wednesday they were cutting the amount of grapes to be made into the region's celebrated fizz by 10 percent due to an uncertain economic outlook. Although champagne sales "are relatively stable," the economic uncertainty "is prompting the industry to exercise caution", said the association, which represents 16,000 winegrowers and 350 champagne houses.
A Senate intervention led by Senator Barau Jibrin, the Deputy Senate President, will enable N-Power beneficiaries to receive N81 billion allowances.
Economy
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