Tension has been noted as the United States (US) mapped out drone attacks on militants in Borno, Yobe, and other Nigerian states affected by terrorism.
The Nigerian FG has introduced 50 new tax breaks and reliefs aimed at easing financial pressure on small businesses and low-income earners particularly.
US President-elect Donald Trump nominated fracking magnate and climate change skeptic Chris Wright as energy secretary on Saturday, tasking him with "cutting red tape" which the new administration hopes will drive investment in fossil fuels.
Chinese President Xi Jinping on Saturday called for Asia-Pacific economies to "unite and cooperate" in the face of mounting "protectionism," at a summit in Peru. Speaking to Asia-Pacific Economic Cooperation (APEC) leaders hours before he is due to hold talks with US counterpart Joe Biden, Xi pointed to "challenges such as geopolitics, unilateralism and rising protectionism."
French President Emmanuel Macron will stress the importance of international action on climate change at talks Saturday with his right-wing Argentine counterpart Javier Milei who pulled his country out of the COP29 climate talks.
US President Joe Biden and Chinese counterpart Xi Jinping will hold their last meeting Saturday, a day after both leaders warned of turbulent times ahead as Donald Trump returns to the White House. - 'Significant political change' - Xi and Biden, who will be meeting for the third time overall, warned separately at the summit on Friday of choppy waters ahead.
Hundreds of farmers, many in tractors, gathered in Wales on Saturday to protest against UK Prime Minister Keir Starmer and his government's decision to change inheritance tax rules for farms. Farming unions have called the planned changes "disastrous", and around 200 farmers gathered outside the Welsh Labour conference in Llandudno on Saturday, where Starmer was speaking inside.
Credit ratings agency Fitch upgraded Argentina's sovereign debt rating to "CCC" from "CC" on Friday, citing improved ability to meet upcoming foreign debt payments and successful economic reforms under President Javier Milei. Fitch warned that significant challenges remain ahead, with Argentina facing large debt payments of $4.3 billion due in both January and July 2025.
Taiwan's Chief Missioner in Nigeria, Andy Yih-Ping Liu, has introduced electric motorcycles to support Nigeria's efforts to achieve a carbon-free environment.
Africa's biggest carrier, Ethiopian Airlines, is feeling the effects of a bitter seven-week strike at plane maker Boeing, its chief executive told AFP on Friday, warning that consequences could stretch into the longterm. "Delivery dates of the air planes that we have ordered from Boeing are still sleeping," Ethiopian Airlines CEO Mesfin Tasew told AFP in Addis Ababa.
News outlets have begun quitting X, formerly Twitter, once a favourite of global media but now accused of enabling the spread of disinformation under its owner, president-elect Donald Trump ally Elon Musk. The question has flared up again since Trump won this month's presidential election, actively supported by Musk.
Economy
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