A federal judge in New York ordered Argentina on Monday to sell its majority stake in oil firm YPF, the latest blow to Buenos Aires in a decade-long international legal saga. To partially satisfy the outstanding sum, Preska on Monday ordered Argentina to transfer its 51 percent stake of YPF to an intermediary, with instructions that the shares then be handed over to the plaintiffs.
US shoppers are coming out in force this holiday season, but the festiveness is being tempered by inflationary pressures that have abated but not completely faded. "Holiday shoppers are likely to increase their budgets this year versus last year but remain selective and are looking for discounts," said a note from Morgan Stanley.
The planned reopening of the Three Mile Island nuclear plant is praised as a boon for Pennsylvania and a boost for AI, but it is loathed by residents still haunted by a near-catastrophic meltdown there in 1979.
Thousands of protesters marched through Barcelona on Saturday demanding lower rents in Spain's second city. Barcelona, which has already taken action to stop the spread of holiday rental apartments, is the latest Spanish city to see protests for cheaper housing.
Hedge fund manager Scott Bessent is a credible, safe choice for US Treasury secretary -- and one that is likely positive for markets -- observers said Saturday following President-elect Donald Trump's highly anticipated nomination. "Scott Bessent is a credible, mainstream pick for Treasury Secretary," said Jason Furman, a professor at Harvard University and former top White House economic adviser.
FG, through CREDICORP, has introduced the SCALE programme to empower Nigerians with loans to acquire affordable cars, generators, food, electronics and more.
Nvidia CEO Jensen Huang said Saturday that his company will balance legal compliance and technological advances under the incoming administration of Donald Trump, and nothing will stop the global advancement of artificial intelligence.
US antitrust lawyers are calling on a judge to force the sale of Google's Chrome browser to limit the company's market clout in a move that would shake up the internet giant. Launched in 2008, Chrome dominates the browser market, dwarfing rivals Edge and Safari, developed by Microsoft and Apple, respectively.
The National Bureau of Statistics has revealed that Nigeria's food inflation accelerated in the month of October 2024, worst in Sokoto, Edo, and Borno states.
The LCCI warns Nigeria's rising debt, now N87.4 trillion, risks fiscal stability, urging transparent use of Tinubu's proposed $2.2 billion loan for infrastructure.
Economy
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