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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- Tourism deal puts one of Egypt's last wild shores at risk
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In Indonesia, a start-up captures coolants to stop global warming
In the basement of a Jakarta housing complex, surrounded by the silver piping of the air-conditioning system, Indonesian technician Ari Sobaruddin is doing his part to tackle climate change.
Japan's sticky problem with Trump, tariffs and rice
Donald Trump's insistence that "spoiled" Japan imports more US rice is adding to Prime Minister Shigeru Ishiba's problems ahead of elections that could sink his premiership after less than a year in office. - No sacrifice - As a result, Ishiba's government has been at pains to say it won't bend on the issue -- although this may change after the election.
Stocks mostly rise on trade deal optimism
Asian markets mostly rose Thursday on optimism that governments will hammer out deals to avoid the worst of US President Donald Trump's tariffs even after he broadened his range of measures. The US president also said this week he would put a 50 percent tariff on copper imports, while considering a 200 percent charge for pharmaceuticals.
AI giant Nvidia becomes first company to reach $4 tn in value
Nvidia became the first company to touch $4 trillion in market value on Wednesday, a new milestone in Wall Street's bet that artificial intelligence will transform the economy. Shortly after the stock market opened, Nvidia vaulted as high as $164.42, giving it a valuation above $4 trillion.
US senator warns of fossil fuel coup, economic reckoning
One of the US Senate's leading climate advocates says President Donald Trump's administration no longer governs -- it "occupies" the nation on behalf of Big Oil. "This isn't even government any longer," the 69-year-old told a small group of reporters ahead of an address to Congress Wednesday -- his 300th so-called "Time to Wake Up" speech, delivered as activists reel from Trump's actions.
Starbucks receives bids for stake in China business: US media
Starbucks has received around 30 offers from investment firms seeking a stake in the company's China business, US media reported Wednesday. Starbucks declined to comment directly on any offers received but said it would not exit China.
Nigerian banks, telcos struggle as NIN verification portal downtime extends into second week
The National Identity Number (NIN) verification portal has stayed unresponsive for over a week, stalling customer service across banks, immigration offices, etc.
Copper's strategic role threatened by Trump tariffs
US President Donald Trump's threat to impose 50-percent tariffs on copper imports has roiled the strategic metal on markets. This is the level that markets had expected before Trump's bombshell announcement this week of a planned 50-percent tariff. pml-bcp/gv
Trump issues more letters to countries in push for tariff deals
US President Donald Trump released a fresh set of letters to trading partners Wednesday, setting out tariff rates for six countries as Washington pushes to bring about a flurry of trade deals. While the president in April imposed a 10 percent levy on almost all trading partners, he unveiled -- and then held off on -- higher rates for dozens of economies.
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