
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.
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.
Europe's largest automaker Volkswagen said Wednesday that sales into the United States had taken a hit, underscoring the impact of President Donald Trump's drastic trade measures. Carmakers have rushed to find ways to minimise the impact of the levies, with high-end automaker Mercedes-Benz on Monday saying it had delayed some US deliveries in the expectation of tariffs coming back down.
More than 30 percent of Iraq's autonomous Kurdistan region now has 24-hour state electricity, authorities said Thursday, with plans to extend full coverage by the end of 2026. "Today, two million people across the Kurdistan region enjoy 24-hour electricity... that's 30 percent of the population," including the cities of Arbil, Duhok and Sulaimaniyah, said regional prime minister Masrour Barzani.
German supermarket chain Lidl faces a 43-million-euro ($50 million) payout to a French rival after an appeals court ruled its ads to be deceptive. The Paris appeals court ordered Lidl to pay the amount to French chain Intermarche after finding hundreds of the television spots that it ran between 2017 and 2023 were likely to deceive consumers and amounted to unfair competition.
Mattel has launched its first Barbie doll with type 1 diabetes in a bid to foster a greater sense of inclusion and empathy among children, a company vice-president said Tuesday.
Waist-deep in a rain-swollen river, Christer Kristoffersen cast his line, landed it gently on the water, and caught ... nothing. While locals can do little about climate change -- which leads to warmer waters and changing ecosystems -- another culprit is fish farming.
In a leafy Nairobi suburb, a Kenyan firm helps foreigners track shoplifters, monitor lung damage from Covid-19 and identify whales -- tapping into the outsourcing market's artificial intelligence-boosted boom. Traditional outsourcing is already booming.
Consumer prices in China rose slightly in June, official data showed on Wednesday, snapping a four-month decline even as factory gate prices were bruised by a fierce trade war with Washington. In a signal of further deflationary pressure, Chinese factory gate prices fell in June at the fastest rate in nearly two years, the NBS also said on Wednesday.
Gao Chaorong knows what it takes to turn out good crops of sweet potatoes, peanuts and wheat, but tasty produce is no longer enough to draw China's app savvy crowd. He has also emphasised the vital role that agriculture plays in China, the world's top producer of commodities including rice and wheat.
Stocks were mixed Wednesday as investors assessed Donald Trump's latest tariff threats, while keeping an eye on trade talks after the US president warned he would not again extend a deadline to reach deals. He also warned "no extensions will be granted" to his August 1 deadline for tariff deals, after he pushed back his previous cut-off of July 9 to allow more time for talks.
Economy
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