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China central bank cuts two key rates to support flagging economy
China's central bank on Monday cut two benchmark interest rates in a bid to boost lending and kickstart growth in the world's second-largest economy. - Sluggish growth - The economy slowed sharply in the second quarter, with data last Monday showing growth of 4.7 percent, well below expectations and sharply down from 5.3 percent in the previous three months.
CBN takes another step to crash dollar, predicts new exchange rate
The Central Bank of Nigeria has conducted another round of intervention to recover the value of the Nigerian currency in the foreign exchange markets.
Asian markets drop as Biden drops out of White House race
Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, while traders appeared to be unmoved by China's decision to cut interest rates in a bid to boost the country's stuttering economy.
UN urges Gilead to 'make history' with game-changing HIV drug
Gilead could bring the AIDS pandemic towards an end if the US pharmaceutical giant opens up access to its game-changing new HIV drug, the head of UNAIDS told AFP. Winnie Byanyima urged Gilead to "make history" by allowing generic manufacturing of Lenacapavir, a twice-yearly injectable antiretroviral medication used to treat HIV patients.
China central bank says cuts two key rates to support economy
China's central bank on Monday cut two benchmark interest rates in a bid to boost lagging growth in the world's second-largest economy. The one-year LPR, which constitutes the benchmark for the most advantageous rates that banks can offer to businesses and households, was cut from 3.45 percent to 3.35 percent.
In Mallorca, 20,000 rally against overtourism
Some 20,000 protesters hit the streets of Palma in Mallorca Sunday for a mass demonstration against overtourism, demanding changes to a touristic model they say is harming the Spanish Mediterranean island.
Femi Adebayo celebrates his 1st daughter on her birthday, Fans react: "Wow, she's beautiful"
Nollywood superstar actor and filmmaker Femi Adebayo recently shared the photos of his 1st daughter in his social media page as he celebrated her 21st birthday.
Jay On Air talks about career: "I don't want to just burst out and forgotten after a short while"
Nigerian skit maker and content creator Jay OnAir recently spoke with Legit.ng about his career and how he is now known as the king of relatable skits.
Edo guber: Group sends message to Oshiomhole: "Stop the lies against Ighodalo"
Edo People for Good Governance has urged former Edo State Governor, Adams Oshiomhole, to cease spreading falsehoods ahead of the state’s governorship election.
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