It was a jubilation in the military as President Bola Tinubu gave approval for a new establishment for the Nigerian Army days after he declared a state of emergency.
Dr Zacch Adedeji, the Executive Chairman, Federal Inland Revenue Service (FIRS), has revealed that 95 per cent of Nigerians will pay no tax under the new tax regime.
The Australian government has made it easier for foreign workers looking to relocate with its new Core Skills Occupation List (CSOL) for the Skilled in Demand visa.
The naira depreciated slightly in the official foreign exchange market but rose in the parallel segment as the dollar experienced its worst fall in weeks.
Chinese AI chatbot DeepSeek has made waves in Silicon Valley, stunning investors and industry insiders with its ability to match the skills of its Western competitors at a fraction of the cost. Its replies to delicate questions echo a domestic competitor, ERNIE Bot, developed by Chinese tech giant Baidu.
Japanese tech firms sank Tuesday after a sell-off in US titans following news of China's DeepSeek chatbot, while the dollar rallied on a report saying Washington was considering universal tariffs on a range of goods.
Entrepreneurs running small and medium-sized businesses that manufacture and source exclusively in the United States have learned to cope with globalization, and do not expect major changes from Donald Trump's tariffs threats. "I think maybe in the short term, it could be helpful," he said of Trump's tariff threats, adding that they could drive inflation in the long run and raise production costs.
A tiny silver fish which is an important food source in the North Sea will take centre stage Tuesday as the European Union and Britain square off over post-Brexit fishing rights. Because of climate change and commercial fishing, the tiny fish "risked further decline... as well as species that are dependent on sandeels for food including fish, marine mammals, and seabirds".
Billionaire hedge fund manager Scott Bessent won Senate approval Monday to become US Treasury secretary, placing him at the forefront of implementing Donald Trump's economic agenda -– which is already triggering global jitters. Mike Crapo, who chairs the Senate Finance Committee, said Monday that Bessent was "committed to restoring the prosperity and opportunity" seen under Trump's leadership.
Fears that the AI gold rush could be under threat rocked Wall Street on Monday following the emergence of a ChatGPT-like model from China, triggering predictions of turmoil for Silicon Valley and accusations of cheating.
The US Senate is widely expected to confirm billionaire hedge fund manager Scott Bessent for Treasury secretary Monday, putting him at the forefront of implementing Donald Trump's economic agenda -- which is already sparking global jitters.
Economy
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