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Economy
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Nigeria’s new 5% fuel tax: What it means for petrol prices, transport, and consumers
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Big win for naira: Strong reserves, CBN's moves push dollar to lowest in months
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'Build, baby, build': Canada PM's plan to counter Trump
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A 'real' movie fights back in anime-ruled Japan
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Naira strengthens across FX markets as reserves hit $41.2bn, investors bet big on Nigeria
Economy Latest News
Fossil fuel plans by producing nations threatens 1.5C limit: UN
Plans to expand oil, gas and coal production by major fossil fuel countries would push the world far beyond the Paris deal's 1.5C global warming limit, the UN warned Wednesday. It found that planned increases in production in these countries would produce 460 percent more coal, 82 percent more gas, and 29 percent more oil than would be in line with the 1.5C limit.
Paris business district looks to students to replace workers
With companies cutting back on office space as working from home remains popular, Europe's biggest business district is looking to students to fill the void left by workers. Covid lockdowns emptied offices and with most companies still allowing employees to partially work from home, the number of staff toiling in offices has never fully recovered in business districts around the world.
Thai TikTokers make 'elephant pants'... cool?
An elegant Thai socialite poses in sunglasses, a designer handbag discreetly visible in the Instagram photo, her stylish outfit completed by a pair of... elephant print pants? "Elephant-patterned pants go with anything -– just pair them with a T-shirt," she said.
Asian markets drift as traders weigh outlook for rates
Asian markets fluctuated Wednesday as investors tried to figure out the Federal Reserve's interest rate plans, while demand concerns saw oil prices struggling to recover from the previous day's plunge. But Asian investors were more circumspect, with some markets drifting in and out of positive territory.
Netflix reopens Hollywood's 'Egyptian' movie palace
The Egyptian Theatre, which hosted Hollywood's first-ever red carpet premiere in its faux hieroglyph-adorned courtyard more than a century ago, reopens this week under the new ownership of Netflix. Organizers installed dazzling lights to lure a crowd, and rolled a red carpet across the theater's courtyard for VIP guests including Charlie Chaplin.
Bleu Royal diamond rakes in nearly $44 mn at Geneva auction
An exceptionally rare blue diamond went under the hammer in Geneva Tuesday, selling for more than $40 million, making it one of the most expensive diamonds ever sold at auction, Christie's said. Fancy vivid blue diamonds weighing more than 10 carats are exceptionally rare.
Top consultancy undermining climate change fight: whistleblowers
The world's top management consultancy McKinsey & Company is using its position as a key advisor to the UN's COP28 climate talks to push the interests of its big oil and gas clients, undermining efforts to end the use of the fossil fuels driving global warming, according to multiple sources and leaked documents.
US trade gap widens in September as imports rise more than exports
The US trade deficit expanded in September on the back of a larger rise in imports than exports, according to government data released Tuesday. The US goods deficit with China, a point of focus during the trade war between both countries, grew to $24.1 billion in September, data showed.
Greens see red over giant Paris billboards
Does beauty lie in the eye of the consumer? "At some point, people have to be able to enjoy the beauty of their city without being assaulted by injunctions to consume more and more," said Meunier, who said he opposed "the principle of advertising altogether".
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