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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US tariffs, laws push Jeep owner Stellantis into 2.3-bn-euro first-half net loss
Jeep owner Stellantis said on Monday it suffered a massive loss in the first half of the year, when it felt the first impact of new US tariffs and took a massive charge following a change in US laws. The 2.3-billion-euro ($2.7-billion) net loss in the first half of the year came as sales in North America continued to slump, down 25 percent by volume in the second quarter year-on-year.
World's major courts take growing role in climate fight
The world's top court is poised to tell governments what their legal obligations are to tackle global warming, and possibly outline consequences for polluters that cause climate harm to vulnerable countries. But the potentially more controversial request is what -- if any -- legal consequences there might be for major polluters who cause severe climate damages.
ECB expected to hold rates as Trump tariff uncertainty lingers
The European Central Bank is set to hold interest rates for the first time in almost a year when policymakers meet this week, despite concerns over the potential impact of higher US tariffs on the eurozone economy. The central bank has reduced its benchmark rate a total of eight times since June last year and at each of its last seven meetings, bringing it down to two percent.
Hong Kong leads stocks higher, yen gains as Ishiba vows to stay
Equities mostly rose Monday on optimism countries will reach US trade deals before an August 1 deadline, while the yen gained after Japanese Prime Minister Shigeru Ishiba said he would stay in office despite another election defeat. He said "the deadline of (US) tariffs is coming on August 1.
'Class war': outsiders moving to Puerto Rico trigger displacement
Gloria Cuevas thought she would live forever in her pink, century-old house on Puerto Rico's west coast -- but then her landlord decided to transform the home into an Airbnb. Cuevas's experience is becoming an all too familiar tale across the island, where signs promote mansions for sale, and the Airbnb logo is plastered on homes where locals once lived.
French petition against return of bee-killing pesticide passes 1mn
More than a million people Sunday had signed a petition urging the French government to ditch a law allowing the reintroduction of a banned pesticide experts say is deadly to bees. More than 500,000 people signed it in 24 hours from Saturday and Sunday alone.
27 UK firms eye Nigeria’s fintech, sustainability space as Mayor of London visits Lagos
About 27 UK companies have shown investment interest in Nigeria's financial technology and sustainable ecosystems during the visit of the London Mayor, Khan.
'Superman' triumphs once again at N.American box office
The Man of Steel has staying power: "Superman" topped the North American box office for a second week running and surpassed the $400 million mark worldwide, industry estimates showed Sunday. That puts its North American take at $235 million and its international sales at $171 million -- or $406 million globally.
Naira gains in official, black market window after CBN sells $80m to FX dealers
The Nigerian currency, the naira, rebounded in the forex markets, thanks to $80 million intervention by the Central Bank of Nigeria to ease the FX liquidity crunch.
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