Nigerian troops have killed notorious bandit commander Kachalla Kallamu in a major operation in Sokoto, causing confusion in the camp of kingpin Bello Turji.
The Central Bank of Nigeria (CBN) has made the audacious move to stabilise the naira by selling $150 million to banks in the foreign exchange market
Qantas Airways said Thursday it lifted annual net profit and saw a bright outlook for travel demand, days after it was fined for illegally firing staff during the Covid-19 pandemic. Last week, an Australian court fined Qantas Aus$90 million for unlawfully laying off 1,800 ground staff during the Covid-19 pandemic.
When veteran fisherman Brian Tapper checked his 1,200 crab pots in waters off southwest England during this year's crabbing season, he got a series of unwelcome surprises. Sue MacKenzie, whose Passionate About Fish firm sources produce from southwest England, said the octopus are "eating our indigenous species at a rate that nobody can anticipate -- it's quite scary".
AI powerhouse Nvidia on Wednesday reported quarterly earnings that beat market expectations, but shares slipped amid fears of an AI chip spending bubble and concerns that the company's business may be stalled in China.
US President Donald Trump's move to oust Federal Reserve Governor Lisa Cook marks a direct attempt to politicize the central bank and is "profoundly dangerous," former Fed chief Janet Yellen warned Wednesday. On Wednesday, Yellen warned that the Fed's interest rate decisions would lose credibility if markets believed the central bank was guided by political orders.
German weapons-maker Rheinmetall opened Europe's largest munitions plant on Wednesday, a move hailed as boosting Western defences by NATO chief Mark Rutte.
When zombie-blasting survival game "Resident Evil" launched on the very first PlayStation console in 1996, Japanese publishers Capcom never thought the series would reach tens of millions of people or endure for three decades.
Danish toymaker Lego, the world's biggest, posted record sales for the first half of the year and continues to gain market share despite global volatility, its chief executive told AFP. "Over the last several years, we have been able to outgrow the market and take market share pretty consistently," Niels Christiansen said in an interview.
Germany's plant and equipment makers' federation warned Wednesday the sector is facing an "existential crisis" after the United States broadened the reach of its metals tariffs. "The harm caused by them, along with the prospect of still more in the months to come, are sending key machinery sectors hurtling toward the precipice of an existential crisis," wrote the group's president Bertram Kawlath.
US tariffs of 50 percent took effect Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil. While Trump has slapped fresh duties on allies and competitors alike since returning to the presidency in January, this 50-percent level is among the highest that US trading partners face.
Economy
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