The Nigerian currency, the naira, gained about N37 in the last 10 days, making dollar hoarding risky, as the Central Bank of Nigeria (CBN) continues to intervene.
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
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Boeing suspends negotiations with striking workers
Boeing on Tuesday suspended negotiations with its striking workers as it accused the International Association of Machinists and Aerospace Workers (IAM) of making unreasonable demands and withdrew its offer. "Given that position, further negotiations do not make sense at this point and our offer has been withdrawn."
7-Eleven owner's shares spike on report of new buyout offer
Shares in the Japanese owner of 7-Eleven surged Wednesday following reports that Canada's Alimentation Couche-Tard (ACT) had hiked its takeover offer by almost 20 percent. But Bloomberg News and Japan's Nikkei business daily reported Wednesday that ACT, which owns the Circle K brand, had upgraded its offer to $18.19 per share, or a total of around seven trillion yen ($47.2 billion).
Your 'local everything': what 7-Eleven buyout battle means for Japan
In Japan more is at stake than money in the mammoth takeover battle for 7-Eleven, the world's biggest convenience chain, by Canadian retail giant Alimentation Couche-Tard. But the Canadian group, which owns Circle K and runs nearly 17,000 outlets worldwide, has vowed to pursue what would be the biggest foreign takeover of a Japanese firm.
Chinese shares drop on stimulus upset, Asia tracks Wall St higher
Stocks in mainland China and Hong Kong fell Wednesday in a volatile start a day after Beijing left investors disappointed over a lack of fresh stimulus and scant detail on its plans for implementing a raft of measures already unveiled.
The US economy is solid: Why are voters gloomy?
Cooling inflation, low unemployment, robust economic growth and... downbeat voters. While Harris has narrowed Trump's lead, polls have suggested voters favor the former president on economic issues.
Brazil lifts ban on Musk's X, ending standoff over disinformation
Brazil's Supreme Court said Tuesday it was lifting a ban on Elon Musk's social network X, which was blocked in its biggest Latin American market for over a month amid a row over disinformation. - Biggest Latin American market - With more than one mobile phone per inhabitant, Brazilians are among the most connected people in the world.
Brazil Supreme Court lifts ban on Musk's X
Brazil's Supreme Court said Tuesday it was lifting a ban on Elon Musk's social network X, which was blocked in its biggest Latin American market for over a month amid a row over disinformation. Moraes has for months been embroiled in a standoff with Musk, the world's richest man, over a flood of online disinformation related to Brazil's 2022 election campaign.
China says raised 'serious concerns' with US over trade curbs
The United States and China on Tuesday raised concerns about trade between the world's two biggest economies, with China's commerce minister urging Washington to lift sanctions on his country's firms "as soon as possible".
US states accuse TikTok of harming young users
A group of 14 US states on Tuesday filed lawsuits accusing TikTok of ensnaring young users with addictive features, then harming their minds and violating their privacy. TikTok then hits young users with money-making ads, the lawsuits argue.
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