A prominent Nigerian pastor has shared a fresh prophecy in response to recent military action threats by Donald Trump and the United States (US).
The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates swiftly and decisively, with some analysts now calling for it to make an emergency cut before its September rate decision. - 'Infer too much' - While some analysts are now calling for emergency rate cuts, others have continued to voice support for a September move.
German chip maker Infineon said Monday it will slash 1,400 jobs and relocate 1,400 more due to a tough market environment, as it announced falling profits and downgraded its outlook. The news comes after US chip giant Intel announced last week it will slash more than 15 percent of its workforce as it seeks to cut about $20 billion in expenses this year.
Indonesia's economy grew more slowly in the second quarter of 2024 despite being supported by spending on religious holidays and increased household consumption, the country's statistics agency said on Monday. Growth in Southeast Asia's largest economy was 5.05 percent in the second quarter, slightly lower than the previous quarter's 5.11 percent, Statistics Indonesia said.
Hoping to escape relentless heat waves, more tourists in Croatia are heading to an upland getaway to dodge the soaring temperatures by the sea. Like much of southeast Europe, Croatia has been hit by a string of heat waves throughout the summer, with the mercury regularly passing 37 degrees Celsius.
Lynne Ingram cuts a peaceful figure as she tends to a row of humming beehives in a leafy corner of Somerset, southwest England. - Lasers - Behind the closed blinds of a research laboratory at Aston University in Birmingham, central England, researchers fighting honey fraud are harnessing cutting-edge technology.
Tokyo led a plunge across Asian equities Monday, while the yen hit a six-month high after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.
Sicily's Catania Airport resumed service Sunday after volcanic activity from Mount Etna temporarily limited incoming flights, but it warned passengers of possible delays and cancellations. Earlier in the day, the airport announced that due to volcanic activity Sunday morning, arriving flights would be reduced to six per hour and that one section of the airport would be closed.
President Bola Tinubu has provided insights into his administration's efforts to address the economic challenges faced by Nigerians amid ongoing nationwide protests.
The Central Bank of Nigeria (CBN) has reintroduced the Retail Dutch Auction System (rDAS) as it moves to meet growing FX demands and improve the naira's value.
Economy
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