Several officials and agencies were linked to an alleged coup plot in Nigeria, with arrests, raids, and financial trails sparking national concern.
The Nigerian government has announced a new date to disburse the $2.5 billion Youth Economic Intervention and De-Radicalisation Programme (YEIDEP) fund.
Asian markets were mixed Thursday as traders kept an eye on earnings from Wall Street titans this week while tracking US trade talks just over a week before the deadline for a deal. "Markets have seen this movie before: tough talk, last-minute extensions, and deal-making in overtime.
A French court on Monday jailed three people for human trafficking in the champagne industry, exploiting seasonal workers and housing them in appalling conditions.
Germany's government signalled Monday that it may reverse a rise in the tax applied to passenger flights as it steers a pro-business turn in Europe's top economy. Chancellor Friedrich Merz of the CDU has tried to forge a pro-business course to revive a sluggish economy, introducing tax breaks for business investment and promising to reduce bureaucracy. lep-vbw/fz/rmb
More than 60 German companies said Monday they would fund new domestic investments worth at least 100 billion euros ($117 billion) each as Chancellor Friedrich Merz seeks to revive Europe's largest economy. The CEOs of the two German heavyweights were received in the chancellery in Berlin by Merz, who declared that "the message is very clear... it is worth investing in Germany again".
The UK government announced Monday it will overhaul the management and regulation of the water system, following a landmark report that slammed systematic failings in the heavily-criticised industry. It urged the UK and Welsh governments to give themselves more powers to "direct" failing water firms, while also demanding an overhaul of their regulation.
Jeep owner Stellantis said on Monday it suffered a massive loss in the first half of the year, when it felt the first impact of new US tariffs and took a massive charge following a change in US laws. The 2.3-billion-euro ($2.7-billion) net loss in the first half of the year came as sales in North America continued to slump, down 25 percent by volume in the second quarter year-on-year.
Jeep owner Stellantis said on Monday it suffered a massive loss in the first half of the year, when it felt the first impact of new US tariffs and took a massive charge following a change in US laws. The 2.3-billion-euro ($2.7-billion) net loss in the first half of the year came as sales in North America continued to slump, down 25 percent by volume in the second quarter year-on-year.
The world's top court is poised to tell governments what their legal obligations are to tackle global warming, and possibly outline consequences for polluters that cause climate harm to vulnerable countries. But the potentially more controversial request is what -- if any -- legal consequences there might be for major polluters who cause severe climate damages.
The European Central Bank is set to hold interest rates for the first time in almost a year when policymakers meet this week, despite concerns over the potential impact of higher US tariffs on the eurozone economy. The central bank has reduced its benchmark rate a total of eight times since June last year and at each of its last seven meetings, bringing it down to two percent.
Economy
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