A former APC presidential aspirant has mentioned the best person who can handle US President Donald John Trump. This comes amid threats from the US.
The United States Trade Representative (USTR) has released a statement slamming the Nigerian government's decision to impose a ban on 25 products.
The family of France's richest person, Bernard Arnault, will complete the acquisition of Paris FC "in the coming days", the Ligue 2 club's president said during a press conference Wednesday. The Arnault Family will become the majority shareholders of Paris FC, with Austrian company Red Bull also acquiring a minority share, once the necessary administrative procedures have all been finalised.
US and European stock markets retreated on Wednesday as investors eagerly awaited results from artificial-intelligence giant Nvidia. Many investors see the company as a bellwether for the tech sector and artificial-intelligence demand that have helped power Wall Street to multiple record-highs this year.
US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry. Ford had already announced in February 2023 that it was planning to cut 3,800 jobs in Europe, including 2,300 in Germany and 1,300 in Britain.
With Donald Trump expected to take the United States again out of climate diplomacy, China, the world's largest emitter but green energy powerhouse, is seizing on the chance to project itself as the global leader. The Asian power has now surpassed Europe as the second-largest historical emitter after the United States.
French farmers protesting pay and conditions and a prospective EU-Latin America trade deal on Wednesday lifted a blockade on the Spanish border after an expression of support from Prime Minister Michel Barnier. Resistance has been reinflamed by the prospect of an EU deal with the Mercosur bloc -- Argentina, Brazil, Paraguay and Uruguay -- that would create the world's largest free-trade zone.
Thousands of people demonstrated in Athens and other cities Wednesday as a 24-hour general strike against the rising cost of living shut down public services and part of the transport network. Some 15,000 people marched in the capital, while another 4,000 demonstrated in Greece's second city Thessaloniki, police said.
The floods which killed 227 people in Spain last month could shave 0.2 percentage points off its economic growth in the final quarter of 2024, the central bank said Wednesday. "The estimated impact would be close to -0.2 percentage points on the quarterly growth rate in the fourth quarter," Bank of Spain governor Jose Luis Escriva told reporters in Madrid.
A new report by Meristem Securities Limited says the naira will suffer further depreciation before the festive season as demand for foreign currency increases.
Japan is readying a $65-billion push in microchips and artificial intelligence aimed at reclaiming its status as a global tech leader and meeting the urgent challenges of its ageing, shrinking population.
Economy
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