The Nigerian government announced plans to secure $500m loan from the World Bank to boost MSME lending in Nigeria through the Development Bank of Nigeria (DBN).
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Experts analyse CBN’s MPR decision, say policy should lower lending costs
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Transport costs may drop as FG distributes 4,000 electric tricycles to Nigerian youths
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Nigerians struggle as bread prices refuse to fall despite drop in cost of flour
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Belgian PM digs in against EU push to use Russian assets for Ukraine
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Driven by TikTok trends, new beauty brands target children
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Richard Branson 'heartbroken' as his wife dies aged 80
British entrepreneur Richard Branson paid tribute Wednesday to his wife Joan Templeman shortly after announcing her death, saying "life will never be the same without her". Templeman avidly avoided the public spotlight, with Branson describing her as a "down-to-earth Scottish lady" and "very private person" who almost never gave interviews.
ECB warns on stretched AI valuations and sovereign debt risks
Heightened market exuberance around artificial intelligence and eye-popping levels of government debt could pose risks to eurozone financial stability, the European Central Bank warned Wednesday. High levels of government debt could further undermine financial stability, the ECB said, warning that this could result in swings in the value of the euro and the cost of eurozone government debt.
IMF urges Germany to enact 'pro-growth' reforms
The International Monetary Fund said Wednesday that Germany's public spending ramp-up must be accompanied by "pro-growth" reforms to ensure Europe's beleaguered top economy makes a sustained recovery. There is growing unease about Merz's economic plans however -- critics say public spending is moving too slowly, is being misdirected, and there is little focus on deep reform.
China likely to bid on building new Panama Canal ports
China is among parties interested in bidding to build two new ports on the Panama Canal, its administrator said Tuesday, despite US talk of retaking control of the vital trade route. The Panama Canal Authority, which has begun meeting with interested parties ahead of the bidding process, plans to award contracts for the two terminals in late 2026 and begin operations in 2029.
Pele's brand acquired by family business of Neymar Jr.
Iconic footballer Pele's brand came under the ownership of another prominent Brazilian athlete, Neymar Santos Jr., after the company owned by his father said Tuesday it had bought the rights to use it. Neymar Santos Sr., owner of NR Sports, announced the news at the Pele Museum in Santos, the coastal Brazilian city made famous by the legendary late player.
The AI boom hits a crossroads in 2026
After three years of breakneck growth and soaring valuations, the AI industry enters 2026 with some of the euphoria giving way to tough questions. Anthropic founder Dario Amodei contends the next level of AI could debut in 2026 and become smarter than Nobel Prize winners.
Asian stocks extend global rally as data boost rate cut hopes
Asia extended a global equities rally Wednesday after another round of tepid US data reinforced expectations that the Federal Reserve will cut interest rates again next month.
How China leveraged its rare earths dominance over the US
China's stranglehold on the rare earths industry -- from natural reserves and mining through processing and innovation -- is the result of a decades-long drive, now giving Beijing crucial leverage in its trade war with the United States.
UK to unveil tax-raising budget
Britain's centre-left Labour government is set to unveil a tax-raising budget Wednesday to curb debt and fund public services, while aiming to reassure financial markets and voters alike. Reeves hiked a tax on businesses in her inaugural budget last year -- a move that has been blamed for Britain's weak economic growth.
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