As Muslims prepare to celebrate Eid al-Fitr, a report from northern communities emerged about Christians preparing meals for Muslims during Ramadan 2026.
Naira depreciated to N1,353 per dollar as foreign exchange demand rises; Nigeria's reserves dip to $49.83bn amid soaring global oil prices and Middle East tensions.
Swiss banking giant UBS reported third-quarter earnings that beat analyst expectations, thanks in part to clawing back provisions for possible litigation, but also sustained by strong performances in its trading and wealth divisions. The bank said it had earned a net profit of nearly $2.5 billion in the third quarter, a 74-percent increase from the same period last year.
New Zealand police raided a shipping insurer's offices over allegations it offered cover to tankers breaking Russian sanctions, a senior detective said Wednesday. Reuters said this week that the New Zealand insurer had helped tankers carrying Russian and Iranian oil to avoid Western sanctions by providing them with insurance.
While the American military blows up boats it claims are transporting drugs from Venezuela, observers say tankers shipping Venezuelan oil in violation of a US embargo continue to navigate the very same Caribbean waters undisturbed.
The US Federal Reserve is almost certain to cut interest rates for a second straight meeting on Wednesday, and could also shed light on what it will do next. But analysts widely expect Fed chair Jerome Powell to tell reporters during the bank's post-decision press conference on Wednesday that the rate-setting Federal Open Market Committee (FOMC) is keeping an open mind about the following meeting.
Microsoft and OpenAI announced Tuesday a sweeping overhaul of their landmark artificial intelligence (AI) partnership, giving both companies greater independence while maintaining their close collaboration.
US President Donald Trump heads Wednesday for South Korea, where a key meeting with Chinese leader Xi Jinping could produce a truce in the blistering trade war between the world's two largest economies. The US president will head to Gyeongju for a summit with South Korean President Lee Jae Myung -- their second in-person talks just two months after a meeting in Washington.
Uber and Nvidia on Tuesday announced an alliance to deploy 100,000 robotaxis starting in 2027. "Together with Uber, we're creating a framework for the entire industry to deploy autonomous fleets at scale, powered by Nvidia AI infrastructure," Nvidia chief executive Jensen Huang said in a release.
A French court has ordered Apple to pay around 39 million euros ($45 million) to mobile network operators over accusations it imposed unfair contract conditions to allow them to sell iPhones.
Why have stock markets around the world -- from Wall Street to Tokyo and from Paris to Seoul, been striking record highs despite the uncertain political and economic outlook? - Corporate earnings results - The corporate earnings calendar also plays a key role in driving stock markets to record highs.
Economy
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