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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Nintendo quarterly revenue surges thanks to Switch 2
Nintendo on Friday said quarterly revenue had more than doubled year-on-year thanks to the Switch 2, which became the world's fastest-selling console after its launch in June. The Switch 2 smashed industry records by selling 3.5 million units in its first four days, and Nintendo said Friday it had shifted around 5.8 million consoles in its first month.
Swiss to 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 39 percent punitive US tariff rate that would ravage its key pharmaceutical industry.
British Airways owner sees profit jump on 'strong' demand
IAG, the owner of British Airways and Spanish carrier Iberia, said Friday that its net profit jumped 44 percent in the first six months of the year on "strong demand". Group revenue increased eight percent to 15.9 billion euros in the January-June period year-on-year, "reflecting strong demand for our network and brands", it added.
Trump unveils slew of new tariffs, punishes Canada
President Donald Trump unveiled new tariffs Thursday on nearly 70 countries -- including a blistering 35 percent on neighbor Canada -- as he seeks to reshape global trade to benefit the US economy. Trump raised duties on nearly 70 economies, from a current 10 percent level imposed in April when he unleashed "reciprocal" tariffs citing unfair trade practices.
South Korea exports hit July record despite US tariff pressures
South Korea's exports surged to their highest level ever for a July, fuelled by strong overseas demand for semiconductors and automobiles, despite US tariffs weighing on trade, government data showed Friday. Semiconductors, South Korea's main export, recorded more than $14 billion -- the highest-ever for July, increasing by almost a third from the previous year.
Stocks struggle as Trump unveils new tariff sweep offsets earnings
Asian markets mostly fell Friday as Donald Trump announced tariffs on dozens of trading partners ahead of a self-imposed deadline, offsetting strong earnings from tech giants. The tariff uncertainty overshadowed earnings from major tech titans this week that saw Apple on Thursday post double-digit quarterly revenue growth that beat expectations.
US tech titan earnings rise on AI as economy roils
Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by US tariffs. - Meta reported robust second-quarter financial results Wednesday, with revenue jumping 22 percent year-over-year as the social media giant continues investing heavily in artificial intelligence.
Nvidia says no 'backdoors' in chips as China questions security
Nvidia chips do not contain "backdoors" allowing remote access, the US tech giant has said, after Beijing summoned company representatives to discuss "serious security issues". Beijing's top internet regulator said Thursday it had summoned Nvidia representatives to discuss recently discovered "serious security issues" involving the H20.
Trump orders tariffs on dozens of countries in push to reshape global trade
President Donald Trump ordered the reimposition of tariffs on dozens of trading partners Thursday -- his cornerstone strategy for reshaping global trade to benefit the US economy. Just Thursday, Trump announced he was delaying a tariff hike on products from the major US trading partner Mexico.
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