Two banks holding national banking licences are reportedly in talks to merge as the recapitalisation deadline set by the Central Bank of Nigeria (CBN) nears.
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Sensible and steely: how Mexico's Sheinbaum has dealt with Trump
A combination of tact and tenacity is credited for Mexican President Claudia Sheinbaum's successful dealings with US counterpart Donald Trump, most recently convincing him to delay a sky-high import tariff meant to come into effect Friday. On Thursday, Trump agreed to delay by 90 days a 30 percent general tariff on imported Mexican goods, just hours before it was to take effect.
Brazilians burn Trump effigies as tariffs spark anger
Brazilians set fire to effigies of Donald Trump in protests across several cities Friday, denouncing the US president's politically motivated trade tariffs. Trump also signed an executive order slapping 50 percent tariffs on Brazilian imports, citing Bolsonaro's "politically motivated persecution."
US Fed governor to resign early at critical time for central bank
US Federal Reserve governor Adriana Kugler is resigning from her position, the central bank said Friday, opening a vacancy that President Donald Trump can fill as he presses his campaign to drop interest rates. "It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System," Kugler wrote in her resignation letter.
Search intensifies for five trapped in giant Chile copper mine
Rescue teams in Chile searched Friday for five miners trapped after a partial collapse triggered by a tremor killed one colleague and halted operations at the world's largest underground copper mine.
Exxon, Chevron turn page on legal fight as profits slip
Lower crude prices dented profits at ExxonMobil and Chevron as the companies signaled Friday they are moving past a legal fight over an acquisition ultimately won by the latter firm.
Brewed awakening: German beer sales lowest on record
It is news that will leave brewers feeling flat -- German beer sales hit their lowest level in the first half of the year since records began over three decades ago. Holger Eichele, head of the German Brewers' Federation, said 2025 was set to be "an extremely demanding year for us".
Musk's X accuses Britain of online safety 'overreach'
Elon Musk-owned social network X on Friday accused Britain's government of "overreach" with a new law designed to protect children from harmful online content such as pornography. Many people resort to virtual private networks (VPNs) to get around territorial restrictions on access to online content.
Senegal PM unveils economic recovery plan based on domestic resources
Senegal's prime minster unveiled an economic recovery plan for the highly indebted nation on Friday, focused on reviving its economy with a shift towards greater domestic funding. In unveiling the new plan, Sonko said it was based on principles including "respect for Senegal's international commitments", particularly debt repayment.
Swiss will try to negotiate way out of stiff US tariffs
The Swiss government said Friday it would negotiate with the United States to try to avoid the tough 39-percent US tariff rate that would harm key industries.
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