Amid the controversial Christian persecution claim by President Donald Trump and threats of US military invasion, Primate Elijah Ayodele on Tuesday spoke out.
FG has introduced 50 new tax breaks and reliefs aimed at easing financial pressure on Nigerians, small businesses, and supporting low-income earners.
US Treasury Secretary Scott Bessent's criticism of the International Monetary Fund raised "a number of important issues" to grapple with, the head of the Washington-based institution said Thursday.
Sales of existing US homes pulled back more than expected in March, according to industry data released Thursday, as mortgage rates remained high and weighed on affordability for homebuyers. "Home buying and selling remained sluggish in March due to the affordability challenges associated with high mortgage rates," said NAR chief economist Lawrence Yun in a statement.
The road ahead looks treacherous for Nissan after the Japanese auto giant predicted an enormous loss just as US President Donald Trump's tariffs on car imports hit the industry. In any case, given the unpredictability of Trump's policies, analysts said it was unlikely that Nissan -- or any Japanese automaker -- would announce any major shift for now.
The contributory pension scheme mandates employers to make regular contributions to the employees' retirement savings account, under a pension fund administrator.
Procter & Gamble cut its sales and profit forecast Thursday, citing a pullback in consumer behavior as uncertainty over tariffs and the economy cloud the picture. Consumers are adopting a "wait and see attitude" as they monitor stock market gyrations in light of tariff headlines and weigh uncertainty around the job market, mortgage rates and other factors, Schulten said.
An international summit on the future of energy security opened in London on Thursday with stark opposition from Washington, which called policies to phase out fossil fuels "harmful and dangerous". We oppose these harmful and dangerous policies.
The date when Catholic cardinals will gather to select Pope Francis's successor is not yet known. - 'Inconsistent' - At least 15 days, and no more than 20 days after Pope Francis's death, 135 cardinal electors are due to take part in a conclave to pick a successor, usually from among their ranks.
Germany's economy is expected to post zero growth in 2025, outgoing Economy Minister Robert Habeck said Thursday, blaming US President Donald Trump's trade policy. "Tariffs and trade policy turbulence are hitting the German economy harder than other nations," Habeck said.
Struggling Japanese auto giant Nissan issued a stark profit warning on Thursday, forecasting a huge loss of up to $5.3 billion in the 2024-25 financial year. Nissan -- which will announce its earnings in mid-May for the 2024-25 financial year that ended on March 31 -- said it expects to report a full-year net loss of 700-750 billion yen ($4.9 billion-$5.3 billion).
Economy
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