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 senators aim to arm Trump with 'sledgehammer' sanctions against Russia
US senators on Sunday touted a bipartisan bill that would arm President Donald Trump with "sledgehammer" sanctions to use against Russia, ahead of a visit by the US special envoy to Ukraine. US special envoy Keith Kellogg is due to begin his latest visit to Ukraine while Trump said he would make a "major statement... on Russia" on Monday.
EU chief delays retaliation for US tariffs in search of deal
EU chief Ursula von der Leyen said Sunday that Brussels will continue to hold off on hitting back at US steel and aluminium tariffs, as it seeks a deal to avoid broader 30-percent levies. The EU tariff is markedly steeper than the 20-percent levy Trump had unveiled in April -- before hitting pause as markets went into meltdown. del/ec/djt
Naira slips as CBN injects $50 million into FX market amid soaring demand
The Central Bank of Nigeria (CBN) injected about $50 million into the forex market following the depreciation of the naira in the foreign exchange market.
France says Australia defence ties repaired after submarine row
France's defence relations with Australia have recovered after their 2021 bust-up over a major submarine contract, the country's ambassador said Sunday. "Now, the first pillar of our cooperation is defence and security, so we have a very good level of cooperation," the ambassador told AFP as French forces joined major military drills around Australia.
Trump's dealmaker name on the line in high stakes tariff talks
President Donald Trump set out early in his second term to fulfill a decades-long desire of reshaping US trade with the world, but the main outcomes so far have been discord and uncertainty.
Impact of US tariffs varies across European Union
European countries are not all equally exposed to the US market and so will not suffer the same consequences should President Donald Trump go ahead with his threats to impose 30-percent tariffs on the European Union. A 30-percent tariff would be a "catastrophe" for the French wine and spirits sector, Jerome Despey, head of the viticulture branch of the FNSEA union, said Saturday.
xAI apologizes for Grok's offensive posts
Elon Musk's startup xAI apologized Saturday for offensive published by its artificial intelligence assistant Grok this week, blaming them on a software update meant to make it function more like a human. On Wednesday, Musk unveiled a new version of the assistant, Grok 4, which was unrelated to the July 7 update. tu/md/st
Trump says Mexico, EU to face 30% tariff from Aug 1
President Donald Trump on Saturday said major US trading partners Mexico and the European Union would face a 30 percent tariff starting next month, ramping up pressure for deals in his trade wars. But his administration is coming under pressure to secure deals with trading partners after promising a flurry of agreements.
Boeing evades MAX crash trial with last-minute settlement
Boeing has reached a settlement with a man whose family died in a 737 MAX crash in 2019, a law firm told AFP on Friday, meaning the US aviation giant will avoid a federal trial slated for Monday. Until now, Boeing has succeeded in avoiding civil trials connected to the 737 MAX crashes of 2018 and 2019, reaching a series of settlements, sometimes only hours before trials were set to begin.
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