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Trump admin asks Supreme Court for 'expedited' ruling on tariffs
President Donald Trump's administration asked the US Supreme Court on Wednesday for an expedited ruling preserving the tariffs that have roiled global markets, saying a lower court ruling against it has already damaged trade negotiations.
Digital loan sharks prey on inflation-hit Nigerians
Cash-strapped and in dire need of 30,000 naira (about $20), Mariam Ogundairo turned to a loan app, downloading it and registering her phone number. An increasing number of Nigerians have turned to personal loans following reforms by President Bola Tinubu to shock the country's moribund economy and remove costly subsidies.
Asia markets tick up after Wall Street rebound
Asian stock markets were mostly up Thursday morning, tracking gains made on Wall Street as a weak labour market report in the United States boosted hopes for an interest-rate cut. A soft US labour market report Wednesday showing a decline in job openings helped lift investor confidence the Federal Reserve will cut interest rates.
Colombia coal exports plummet after ban on Israel sales
Colombia's coal exports fell by almost half in July compared to the same month last year, official figures showed Wednesday, amid a global price crisis and days after President Gustavo Petro's ban on sales to Israel. Last month, Petro issued a second decree for Colombia to halt coal exports to Israel in protest against its deadly war in Gaza, renewing a June 2024 edict.
Jury tells Google to pay $425 mn over app privacy
A US federal jury on Wednesday ordered Google to pay about $425 million for gathering information from smartphone app use even when people opted for privacy settings, the company confirmed. In the smartphone app privacy suit, plaintiffs argued that Google intercepted, tracked, collected and sold users' mobile app activity data regardless of what privacy settings they chose.
Record French fines for Google and Shein over cookies
France's data protection authority on Wednesday issued record fines against search giant Google and fast-fashion platform Shein for failing to respect the law on internet cookies. - 'Cookie wall' - Wednesday's fine against Google is the third issued by the CNIL over the search giant's use of cookies, after paying 100 million euros in 2020 and 150 million in 2021.
Ryanair slashes winter seats in Spain over airport fees
Irish budget airline Ryanair on Wednesday said it would slash more than one million winter seats in Spain over "excessive airport fees", sparking "extortion" accusations from the national airport operator. In January, the airline announced it was scrapping 800,000 seats on seven regional Spanish routes in response to Aena's airport fees.
Impact of US judge's ruling on Google's search dominance
Google has escaped a breakup of its Chrome browser in a major US competition case, but the judge imposed remedies whose impact remains uncertain just as AI starts to compete with search engines. Judge Amit Mehta, who found a year ago that Google illegally maintained monopolies in online search, did not order the company to sell off its widely-used Chrome browser in his Tuesday ruling.
UK govt pledges to keep grip on spending ahead of budget
Britain's finance minister Rachel Reeves on Wednesday promised to keep a "tight grip" on public spending as interest rates soar on the UK's long-term debt, and set November 26 for her annual budget speech. "We must bring inflation and borrowing costs down by keeping a tight grip on day to day spending through our non-negotiable fiscal rules," Reeves said in a statement.
AFP
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