
The Nigerian currency finally rebounded in the official foreign exchange market as dollar demand reduced and Nigeria's FX reserves rose to a five-year high.
The Nigerian currency finally rebounded in the official foreign exchange market as dollar demand reduced and Nigeria's FX reserves rose to a five-year high.
Negligence played a role in the deaths of 78 people who perished when a huge fire gutted a luxury ski resort hotel in northern Turkey this week, an expert has told AFP. There were safety failures on multiple levels at the Grand Kartal Hotel in the ski resort of Kartalkaya, the head of the Ankara Chamber of Architects told AFP late on Wednesday.
The Nigerian currency, the naira appreciated against the US dollar in the official window on Wednesday, January 22, 2025, trading at N1,552.50 per dollar.
Donald Trump is back in the White House, promising to use the United States's vast economic weight to hit back at China for its alleged unfair trade practices and role in the deadly American fentanyl crisis. Both sides have also launched investigations into the others' alleged unfair trade practices with probes into dumping and state subsidies.
Donald Trump on Thursday will star in an eagerly-anticipated online appearance at the World Economic Forum in Davos, addressing global elites whose annual gabfest has been consumed by the US president's days-old second term. One of his biggest cheerleaders on the world stage, Argentina's libertarian President Javier Milei, will make a speech to the WEF on Thursday, hours before Trump.
Asian equities mostly rose Thursday, cheered by another tech-fuelled run-up on Wall Street after Donald Trump's huge AI investment announcement, as traders assessed the outlook for the next four years under the new president.
Bangladeshi students braved bullets to overthrow an autocratic government, but six months after the revolution, many say finding a job is proving a harder task than manning the barricades. "I can't see any fruitful initiatives taken by the government so far," Chowdhury grumbled, a25-year-old student who took part in the protests that drove autocratic ex-leader Sheikh Hasina into exile on August 5.
Solar overtook coal in the European Union's electricity production in 2024, with the share of renewables rising to almost half the bloc's power sector, according to a report released Thursday. "Solar remained the EU's fastest-growing power source in 2024, rising above coal for the first time.
The gesture was controversial enough, but now come the sub-controversies: Elon Musk is trolling Wikipedia and encouraging its defunding after a description of his recent flourish, seen by some as a Hitler salute, appeared on the encyclopedic website. Trolling Musk for his 2022 purchase of X for $44 billion, Wales shot back that: "I think Elon is unhappy that Wikipedia is not for sale."
US tech titans Elon Musk, Mark Zuckerberg and Jeff Bezos are taking a prominent place in the new Trump era, but another player from another era -- Oracle boss Larry Ellison -- is making a surprise return. Today, he ranks among the world's wealthiest individuals, with a fortune of $230 billion, trailing only Musk and Bezos but ahead of Zuckerberg.
Economy
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