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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- New tax law replaces reliefs with rent-based deductions, capped at N500k
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- First Bank, FCMB, 4 others seek N731 billion to meet CBN recapitalisation as deadline nears
- CBN Injects $166m into forex markets as naira struggles, forward contracts slide
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US to call for Google to sell Chrome browser: report
The US will urge a judge to make Google-parent company Alphabet sell its widely used Chrome browser in a major antitrust crackdown on the internet giant, according to a media report Monday.
Trump expected to attend next Starship rocket launch: reports
US President-elect Donald Trump is expected to attend Tuesday's launch of SpaceX's massive Starship rocket, US media reported, the latest sign of growing ties between him and fellow billionaire Elon Musk. US media outlets have reported on Trump's plans to attend, with NewsNation quoting the office of local House Representative Vicente Gonzalez.
China's Xi urges G20 to help 'cool' Ukraine crisis
Chinese President Xi Jinping urged G20 leaders Monday to support efforts to de-escalate the war in Ukraine and reach a "political solution," state media reported.
Germany, Finland warn of 'hybrid warfare' after sea cable cut
Germany and Finland launched a probe Monday after an undersea cable linking the countries was severed, warning of the threat of "hybrid warfare" amid heightened tensions with Russia. "Our European security is not only under threat from Russia's war of aggression against Ukraine, but also from hybrid warfare by malicious actors."
'Agriculture is dying': French farmers protest EU-Mercosur deal
French farmers launched Monday a new wave of action to protest a proposed trade pact between the European Union and four South American countries, which they say threatens their livelihoods. The new wave of action came after farmers across Europe including France mounted rolling protests last winter over a long list of burdens they say are squeezing revenue.
Tractor-driving French farmers protest EU-Mercosur deal
French farmers launched Monday a new wave of action to protest the adoption of a trade pact between the European Union and four South American countries they fear would threaten their livelihoods. On Monday, angry French farmers used tractors to block roads and erected wooden crosses during protests across the country, urging Macron and the government to do more.
Disgraced Singapore oil tycoon sentenced to nearly 18 years for fraud
The founder of a failed Singapore oil trading company was sentenced Monday to nearly 18 years in jail for cheating banking giant HSBC out of millions of dollars in one of the country's most serious cases of fraud. State prosecutors had sought a 20-year jail term, saying "this is one of the most serious cases of trade financing fraud that has ever been prosecuted in Singapore".
Woman-owned cafe in Indonesia's Sharia stronghold shakes stigma
In what claims to be the only woman-run cafe in the capital of Indonesia's most conservative province, owner Qurrata Ayuni says she and her baristas provide an alternative to rowdy, smoke-filled male haunts. "I feel more connection if I ask something with a woman barista," said 21-year-old student Meulu Alina.
Markets swing after Wall St losses as traders weigh US rates outlook
Asian markets were mixed Monday following a sell-off on Wall Street as investors scale back their bets on Federal Reserve interest rate cuts owing to worries Donald Trump could reignite inflation. After Trump's victory at the start of the month, markets had already been winding back their expectations for the number of rate cuts the Fed would announce next year.
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