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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AI Ray-Ban Meta glasses help EssilorLuxottica boost sales
EssilorLuxottica, the world's top maker of eyeglasses, said Monday a tripling of sales of Ray-Ban Meta AI connected glasses helped drive increase in profits. EssilorLuxottica said AI glasses gained momentum in the first half of the year, with Ray-Ban Meta more than tripling in revenue year-over-year.
Europe's carmakers still nervous despite EU-US trade deal
Europe's auto industry is relieved that the EU-US trade deal reduces short-term uncertainty but many, particularly in the struggling German sector, remain deeply worried about the long-term impact. - German industry woes - The German auto sector stands to be hit particularly hard, with the United States the top market for German vehicle exports last year, receiving about 13 percent of the total.
Telegram's Durov questioned in France over alleged illegal content on app
Telegram founder Pavel Durov faced questioning by investigating magistrates in Paris on Monday about the platform's alleged complicity in criminal activity, sources close to the case said. Arriving at the Paris courthouse on Monday morning, the Russian-born entrepreneur faced his third round of questioning since being charged with multiple infractions linked to enabling organised crime.
EU accuses online giant Temu over sale of 'illegal' products
The European Union accused Chinese-founded online shopping giant Temu on Monday of breaking the bloc's digital rules by not "properly" assessing the risks of illegal products. "Evidence showed that there is a high risk for consumers in the EU to encounter illegal products on the platform," the European Commission said in its preliminary finding.
EU defends Trump trade deal facing backlash
The European Union on Monday vehemently defended its trade deal with President Donald Trump, with EU capitals and businesses sharply divided on an outcome some branded a "capitulation". - 'Not only about trade' - "It looks a bit like a capitulation," said Alberto Rizzi of the European Council on Foreign Relations (ECFR).
Brussels says EU-US deal 'better than trade war' with Trump
The EU's top negotiator on Monday defended a trade agreement with the United States to avert steeper tariffs as "the best deal we could get under very difficult circumstances". "I'm 100 percent sure that this deal is better than a trade war with the United States," EU trade commissioner Maros Sefcovic told journalists.
CBN sells $81 million to BDCs as naira trades flat in official window
The Central Bank of Nigeria (CBN) has injected about $81 million into the foreign exchange market amid renewed volatility to stabilise the local currency.
Ireland's 'economic miracle' at risk from tariffs
The deal between the United States and the European Union may have averted a transatlantic trade war, but worries persist in Ireland where crucial sectors are dependent on US multinationals. But "higher tariffs than there have been" will make transatlantic trade "more expensive and more challenging," he added.
Starmer to press Trump on Gaza, trade in Scotland talks
UK Prime Minister Keir Starmer will press Donald Trump on ending "the unspeakable suffering" in Gaza, and also talk trade, when they meet Monday at the US president's golf resort in Scotland, Downing Street said. Starmer is expected to "welcome the president's administration working with partners in Qatar and Egypt to bring about a ceasefire in Gaza," a Downing Street spokesperson said.
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