Tension has been noted in Guinea-Bissau after reports emerged that a coup had happened and the president, Umaro Embalo, was arrested. Legit.ng has the details.
The Tinubu administration has introduced several loan and grant schemes to help Nigerians cope with economic hardship, unemployment, and rising poverty levels.
Elon Musk-owned social network X on Friday accused Britain's government of "overreach" with a new law designed to protect children from harmful online content such as pornography. Many people resort to virtual private networks (VPNs) to get around territorial restrictions on access to online content.
Senegal's prime minster unveiled an economic recovery plan for the highly indebted nation on Friday, focused on reviving its economy with a shift towards greater domestic funding. In unveiling the new plan, Sonko said it was based on principles including "respect for Senegal's international commitments", particularly debt repayment.
The Swiss government said Friday it would negotiate with the United States to try to avoid the tough 39-percent US tariff rate that would harm key industries.
US job growth missed expectations in July, government data showed Friday, while revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic. The US economy has added an average of just 35,000 jobs per month since May, data showed.
Britain's highest court will Friday determine whether controversial car loans were unlawful, which could pave the way for millions of motorists to claim billions of pounds in compensation from banks.
The French wine industry on Friday warned of a "brutal" impact from US tariffs and a weak dollar, urging France and the European Union to "continue negotiations". Jean-Marie Fabre, president of the union of independent winegrowers of France, urged France to continue negotiations.
Stock markets slid but the dollar held up Friday as US President Donald Trump announced tariffs on dozens of trading partners, offsetting strong earnings from tech giants. Tariffs uncertainty overshadowed earnings from major tech titans this week that saw Apple on Thursday post double-digit quarterly revenue growth that beat expectations.
German pharmaceutical and agricultural chemicals giant Bayer said it had put aside an extra 1.2 billion euros ($1.4 billion) to deal with long-running US legal woes linked to a weedkiller. It takes to 1.7 billion euros the amount set aside to deal with litigation linked to the glyphosate-based Roundup weedkiller, the German group said in a statement late Thursday.
The Nigerian currency, the naira, remained strong in the official window, ending July on a positive note, but dipped slightly relative to June exchange rate.
Economy
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