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17880 articles published since 08 Mar 2022

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Nigerians sacrifice cars as cost of living crisis worsens
Nigerians sacrifice cars as cost of living crisis worsens
Economy

Nigeria's economic crisis and soaring petrol prices forced Bolaji Emmanuel to give up his driver and his Honda Pilot utility vehicle, as he struggles with spiking living costs. Car dealers in Lagos and Abuja told AFP that they had seen more and more people trading their fuel-guzzling cars and sports utility vehicles (SUVs) for more efficient vehicles to cut costs.

Asian markets swing as China economic growth slows
Asian markets swing as China economic growth slows
Economy

Asian markets fluctuated Friday after China posted its weakest economic growth in a year and a half, as gold prices hit a record high and following a tepid lead from Wall Street. Gold rose past $2,700 to a new record and crude prices edged up on geopolitical uncertainties after Israel said it killed Hamas chief Yahya Sinwar.

World Bank president focused on job creation ahead of annual meetings
World Bank president focused on job creation ahead of annual meetings
Economy

The World Bank will unveil plans to tackle job creation, gender disparities, and food security at next week's gathering of the world's finance ministers and central bankers in Washington, its president said in an interview. The World Bank also plans to announce new goals to tackle global gender disparities and to boost agribusiness to tackle food security.

Japan's core inflation rate slows in September
Japan's core inflation rate slows in September
Economy

Japanese inflation slowed in September with prices up 2.4 percent on-year, not including volatile fresh food, official data showed Friday. Excluding both fresh food and energy, Japanese prices rose 2.1 percent in September.

Netflix adds millions of subscribers but growth slows
Netflix adds millions of subscribers but growth slows
Economy

Netflix on Thursday said it added more than five million subscribers in the recently ended quarter but signaled slowing growth. While Netflix gained 5.1 million subscribers overall in the quarter, it was a drop from the 8.8 million subscribers it added in the same period a year earlier, with the boost from its password-sharing crackdown appearing to abate.

China expected to post slowing growth as economic woes drag
China expected to post slowing growth as economic woes drag
Economy

China is expected to post its slowest growth in a year and a half on Friday, as Beijing struggles to steady an economy shaken by sluggish spending and persistent property sector woes. Analysts surveyed by AFP expect China's economy to have only expanded 4.5 percent in the third quarter of the year.

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