
The US government is proposing a law to impose a 3.5% tax on remittances to other countries, including Nigeria from the US, which experts say will affect the naira.
The US government is proposing a law to impose a 3.5% tax on remittances to other countries, including Nigeria from the US, which experts say will affect the naira.
Donald Trump will announce a trade deal with the United Kingdom on Thursday, US media reported, after the president touted a "major" upcoming agreement on social media. Trump wrote earlier on Wednesday the "major trade deal" would be announced with a "big, and highly respected country."
Asian stocks extended their rally Thursday on hopes for an easing of trade war tensions as China and the United States prepare for weekend talks and after Donald Trump flagged a "major trade deal" later in the day. Meanwhile, Trump posted on his Truth Social platform that he would announce "a major trade deal with representatives of a big, and highly respected, country" later Thursday.
The Bank of England is widely expected to cut its key interest rate by a quarter point Thursday as US President Donald Trump's planned tariffs threaten to weaken economic growth.
Donald Trump's proposal to put 100 percent tariffs on foreign movies left many filmmakers scratching their heads. Newsom reacted to Trump's tariff suggestion with a counter-proposal for a $7.5 billion federal tax credit that would apply nationwide.
Donald Trump's order to withhold $5 billion earmarked to grow the electric vehicle charging network in the United States is being challenged in court by more than a dozen states, California officials said Wednesday.
Among the latest beneficiaries are the University of Abuja where a 3.3MW solar farm has been set up with 6,000 panels to provide round-the-clock electricity supply.
Shares in Google parent Alphabet plunged more than eight percent on Wednesday after Apple executive Eddy Cue testified in federal court that Google's search traffic on Apple devices declined last month for the first time in over two decades.
Regional French authorities ordered Nestle on Wednesday to remove a system that filters Perrier and to renew its authorisation to call it natural mineral water, marking the latest turn in a saga that has ensnared the government. But having to remove the filtering system within two months and obtain reauthorisation to call Perrier natural mineral water was another blow for its owner Nestle Waters.
Regulators said Wednesday they have been slowing arrivals and departures at one of the United States' busiest airports following a 90-second traffic control system outage last week that has industry experts sounding alarm bells.
Economy
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