The Nigerian government has phased out the previous personal income tax laws, introducing a new rent-based deduction capped at N500,000 for tenants.
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Prices of rice, tomatoes, other food items soars as retailers struggle with unpredictable costs
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Argentine peso drops against dollar despite US backing
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Apple sidelines AI news summaries due to errors
Apple pushed out a software update on Thursday which disabled news headlines and summaries generated using artificial intelligence that were lambasted for getting facts wrong. Apple's decision to temporarily disable the recently launched AI feature comes after the BBC and other news organizations complained that users were getting mistake-riddled or outright wrong headlines or news summary alerts.
World Bank releases Nigeria’s economic growth rate forecast for 2025
World Bank has released its January 2025 Global Economic Prospects report and have provided a forecast to Nigeria's expected GDP growth projections for the year.
Asian traders give mixed reaction as China's economic growth slows
Asian markets were mixed Friday as data showing China's economy grew slightly quicker than expected last year failed to inspire investors, with Beijing battling to revive consumption and boost the battered property sector.
Nintendo shares tumble as Switch 2 preview disappoints
Nintendo shares tumbled more than six percent Friday after the Japanese games giant failed to impress with a brief video preview of its new Switch 2 console. In morning trade in Tokyo, Nintendo shares were down 5.67 percent at 9,046.00 yen ($58.28), having earlier fallen more than six percent.
US trade envoy finds China shipbuilding policies 'actionable'
The US Trade Representative said Thursday that its probe into China's practices in the shipbuilding, maritime and logistics sectors found that Beijing's "targeted dominance" warranted action. The USTR investigation found China's efforts to dominate the sector "unreasonable" as it displaces foreign firms and creates dependencies on the world's second biggest economy.
Insurance access for US homeowners with higher climate risks declines
Homeowners in areas of the United States with the highest climate-related risks saw declining access to insurance, a Treasury Department report released Thursday said. Average insurance non-renewal rates were about 80 percent higher for consumers in high-climate-risk areas than for those in the lowest-risk ones, the report found.
China set to post sluggish growth as doldrums deepen
China is set on Friday to post some of its weakest growth in decades, as leaders grapple with economic doldrums and nervously eye a potential trade standoff with incoming US President Donald Trump.
Music industry girds for looming US TikTok ban
TikTok has dramatically changed music discovery and marketing -- a reliance the looming US ban on the popular app has underscored as the music world braces for an unknown future. And Americans are already trying new alternatives, like China's popular viral video app RedNote.
Musk's Starship set for launch after Bezos orbital triumph
The rivalry between the world's two richest men is going cosmic.
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