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Again, naira appreciates against US dollar, trades at new exchange rate
The Central Bank of Nigeria has updated naira exchange rates against US dollar and other foreign currencies in the official and unofficial FX markets.
UBA, Zenith, Access, others finally cut rate on forex deposit as dollar improves
According to a PwC and BusinessDay CEO roundtable, banks are beginning to reduce their interest rates on foreign currency deposits as the dollar supply improves.
Troubled European carmakers to talk fines and EVs with EU
Europe's biggest carmakers will converge on Brussels for talks this week as the EU seeks to chart a way forward for an embattled industry struggling to cope with Chinese competition and climate rules. Italy's Industry Minister Adolfo Urso this week described the scheme as a "perfect storm" due to the potential for European firms to dodge EU fines by buying carbon credits from overseas EV-makers.
NNPC releases new petrol prices for Lagos, Abuja as Dangote refinery clarifies hike
As crude cost rises, the Nigerian National Petroleum Company Limited (NNPC) has raised petrol prices at its retail outlets to N965 in Lagos and N990 in Abuja.
Japan's Fuji TV faces heat over sex allegations
Pressure grew Monday on Fuji Television over an alleged sexual assault by a celebrity presenter, with the Japanese broadcaster set to address media as criticism mounts from advertisers and the public. They have shocked the nation although most other Japanese media more cautiously refer to sexual "trouble" or misconduct.
Weak yuan, Trump tariff threats confound Beijing's economic puzzle
Higher US tariffs under President Donald Trump could accelerate a slump in the value of China's currency, complicating recent efforts by Beijing to kickstart a rebound in its struggling economy, analysts warn. But such moves may come into conflict with Beijing's efforts elsewhere to boost an economy that is struggling to regain momentum.
Asian stocks mixed as tariff fears return, new AI programme emerges
Asian markets fluctuated Monday on fresh trade fears after Donald Trump's decision to impose huge tariffs on Colombia, in retaliation for its refusal to accept deportation flights from the United States. The move came after President Gustavo Petro blocked deportation flights from the United States.
ECB to cut rates again, with a nervous eye on Trump
Eurozone rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track despite the threat from US President Donald Trump's protectionist agenda. "We are confident of seeing inflation at target in the course" of this year, President Christine Lagarde said last week in an interview with CNBC at the World Economic Forum in Davos.
With Trump win, Silicon Valley's right flank takes on Washington
One week into his second administration, Donald Trump has put technology at the forefront, featuring tech billionaires prominently at his inauguration and announcing major AI infrastructure deals from the White House. - Palmer Luckey - Palmer Luckey, while not directly involved in the White House, carries weight as a self-made tech billionaire who challenged Silicon Valley's liberal bent.
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