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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Trump's tariffs have not reduced Panama Canal traffic -- yet
Tariffs imposed by US President Donald Trump on dozens of countries have so far not affected container ship traffic through the Panama Canal, its administrator said Thursday. Analysts have predicted that the aggressive policy will slow down traffic through the Panama Canal, through which five percent of all global shipping passes.
Apple Watch gets revamped blood oxygen feature
Apple on Thursday said some of its top smartwatch models are getting a redesigned blood oxygen sensing feature, sidelined for several years by a patent dispute. Masimo, based in southern California, filed a complaint to the US International Trade Commission (ITC) which decided to halt imports of the Apple Watch models over a patented technology for detecting blood-oxygen levels.
Apple rejects Musk claim of App Store bias
Apple on Thursday rejected Elon Musk's claim that its digital App Store favors OpenAI's ChatGPT over his company's Grok and other rival AI assistants. App Store rankings listed ChatGPT as the top free app for iPhones on Thursday, with Grok in seventh place.
Air Canada cancels flights over strike threat
Air Canada began cancelling flights on Thursday after receiving a strike notice from the flight attendants' union, warning all operations could be shut down by Saturday. Chief operating officer Mark Nasr told reporters Thursday that the airline had begun "a gradual suspension of Air Canada and Air Canada Rouge operations."
CBN sends warning to those spraying, hawking naira, advocates clean naira note
CBN reaffirms commitment to promoting clean Naira notes and financial inclusion, highlighting key policies for economic growth and stability at the 2025 CBN Fair.
Germany sacks rail chief with train network in crisis
The German government sacked the embattled head of Deutsche Bahn on Thursday as it seeks to overhaul the ailing public rail network after years of criticism about deteriorating services. Once widely admired for its punctuality and efficiency, Germany's rail service has worsened dramatically in recent years owing to what critics say is chronic underinvestment.
US producer inflation highest in three years in July
US producer price inflation bounced in July to its highest reading since 2022, data showed Thursday, as policymakers seek to gauge effects from President Donald Trump's tariffs. "Input costs for producers jumped in July as price pressures for businesses build from compounding tariff impacts," said Nationwide senior economist Ben Ayers in a note.
Germany's Thyssenkrupp cuts targets as US tariffs weigh
Thyssenkrupp's shares slumped Thursday as the struggling German industrial giant slashed its sales forecasts due to weak demand amid US President Donald Trump's tariff onslaught. The group has long been struggling, particularly as its traditional steel business faces competition from Asia, but the turmoil triggered by Trump's tariffs have worsened its problems.
UK economy slows less than feared after tariffs
Britain's economy performed better than expected in the second quarter as it weathered the impact of US tariffs and a higher UK business tax, official data showed Thursday. Official data Wednesday showed UK unemployment at a four-year high of 4.7 percent in the second quarter.
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