A fresh report has revealed details of an air force officer who was detailed to kill NSA Nuhu Ribadu, in an alleged failed coup to eliminate President Bola Tinubu.
The Nigerian government has announced a new date to disburse the $2.5 billion Youth Economic Intervention and De-Radicalisation Programme (YEIDEP) fund.
Shares of Microsoft spiked Thursday following blowout quarterly results, lifting the tech giant into the previously unprecedented $4 trillion club along with Nvidia, another artificial intelligence standout. Microsoft was one of the first tech giants to double down on artificial intelligence when the launch of ChatGPT in 2022 rocked the tech industry.
When Mohammad Hanif heard Qatar was opening jobs to Afghans, he joined thousands of others to put his name down for a shot to make a living in the gas-rich emirate, his own country wracked by unemployment.
Hong Kong's economy grew by 3.1 percent in the second quarter, according to government estimates released Thursday, beating expectations, with strong exports buoyed by businesses racing to take advantage of US tariff easing. - Thursday's estimates showed private consumption, which had declined for four consecutive quarters, increased 1.9 percent, while exports of services saw 7.5 percent growth.
Major stock markets and the dollar traded mixed Thursday as traders weighed a cautious Federal Reserve, strong tech earnings and new US tariffs. "US markets are expected to enjoy a buoyant open thanks in no small part to the bumper earnings seen from Meta and Microsoft," noted Joshua Mahony, chief market analyst at trading group Rostro.
German carmaker BMW stuck to its 2025 targets Thursday despite quarterly profits tumbling a third due partly to US tariffs, insisting its large American operations meant it could weather the storm. "The large plant in (the United States) and the SUVs produced there have helped to make the slump more manageable and BMW was able to sell more cars in the United States despite the tariffs," he said.
French automaker Renault said Thursday that the tough retail and commercial van market in Europe had squeezed profits although it was able to maintain profitability better than most rivals. Rival Stellantis -- which includes the French brands Citroen and Peugeot -- saw its margin squeezed to just 0.7 percent in the first half of this year.
Taiwan's economy grew at a forecast-busting pace in the second quarter, official data showed Thursday, fuelled by demand for AI technology and firms placing orders before threatened US tariffs hit. And it was the fastest quarterly growth since the second quarter of 2021 when the economy grew by 8.28 percent, government data show.
British energy giant Shell on Thursday said its net profit slid 23 percent in the first six months of the year, hit by lower oil and gas prices. Earlier this year, Shell's British rival BP launched a major pivot back to its oil and gas business, shelving its once industry-leading ambitious renewable energy strategy.
British consumer goods giant Unilever on Thursday said net profit fell five percent in the first six months of the year, as it prepares to demerge its ice cream business.
Economy
Load more