The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
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US confirms billions in chips funds to Samsung, Texas Instruments
President Joe Biden's administration said Friday that it has cemented deals for billions in funding to South Korean semiconductor giant Samsung Electronics and Texas Instruments to boost their chipmaking facilities in the United States.
Hackers stole $2.2 billion from crypto platforms in 2024
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"Dollars, selling dollars!" "The amnesty dollars aren't yours (don't belong to the state) and you have to pay back the IMF dollars," he said.
'Dark lull' in German energy transition sparks political debate
As Germany heads for February 23 elections the grey winter weather has become a hot campaign topic because of its impact on the country's shaky green energy transition. The Scholz government defended the green energy transition despite the occasional "temporary phenomenon" of a dark lull that can drive up prices on the spot market.
EU, Swiss hail 'historic' new deal resetting relations
The European Union and Switzerland announced Friday they had sealed a new set of agreements aimed at recalibrating relations between the two neighbours. Relations plunged when Switzerland suddenly slammed the door on the talks in 2021.
Ex-IMF chief Rato gets four-year jail term in Spain for tax crimes
A Madrid court sentenced ex-IMF chief and Spanish economy minister Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption, it said Friday. A second defendant, Domingo Plazas, was sentenced to 18 months in prison for money laundering and collaborating in two of Rato's tax offences.
Spain orders 25 more Eurofighter jets from Airbus
Spain has ordered another 25 advanced Eurofighter jets from European aerospace giant Airbus in the NATO member's drive to modernise its air force, the defence ministry said on Friday. The order "secures the supply chain in Spain and across Europe", said Mike Schoellhorn, chief executive of Airbus Defence and Space.
Fed's favored inflation gauge rises again in November
The Federal Reserve's preferred inflation measure rose for a second straight month in November, according to government data published Friday, although the increase came in a touch below expectations. The personal consumption expenditures (PCE) price index rose 2.4 percent in the 12 months to November, up from 2.3 percent in October, the Commerce Department said in a statement.
US hours from government shutdown over Christmas
US lawmakers raced Friday to prevent a government shutdown due to bite within hours, after Donald Trump and Elon Musk sabotaged a bipartisan agreement that would have kept the lights on well beyond Christmas. "If there is going to be a shutdown of government, let it begin now, under the Biden Administration," Trump said on social media early Friday, seeking to avoid blame for the chaos.
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