Author: Steven Sahiounie

The Kano State House of Assembly has passed a supplementary budget of N99.2 billion into law, increasing the state’s budget from N437.3 billion to N536.5 billion.

Federal Reserve Bank of New York President John Williams said Friday that a better balanced economy has opened the door to cutting rates

Chairperson of Qatar Chamber (QC) HE Sheikh Khalifa bin Jassim Al Thani underlined the advanced cooperation between Qatar and Finland

Dozens of US hotels faced disruptions during Monday’s busy Labor Day public holiday as over 10,000 workers went on strike after contract talks stalled

A record $1 out of every $10 spent globally in 2024 will be on travel as people briskly book hotels, cruises, and flights

In banks, shops and businesses across Libya, confusion, fear and snagged transactions reveal the immediate costs of a factional struggle for control over the central bank that analysts say could get worse. While the United Nations is holding meetings with rival political leaders to try to resolve the crisis, many ordinary transactions appear to be impossible and many state salaries remain unpaid, Libyans contacted by Reuters said. “We have transactions and payment deadlines with obligations that must be met on time, but the clearing system isn’t working. If someone wants to receive money at a specific bank, the situation is currently unstable,” said…

Libya’s two legislative bodies agreed on Tuesday to appoint jointly a central bank governor, potentially defusing a battle for control of the country’s oil revenue that has slashed production. The House of Representatives based in Benghazi, in eastern Libya, and the High State Council in Tripoli in the west signed a joint statement after two days of talks hosted by the UN Support Mission in Libya. They agreed to appoint a central bank governor and board of directors within 30 days. Libya’s central bank is the sole legal repository for Libyan oil revenue, and it pays state salaries across the country. The two chambers…

Two leaders of the US Consumer Products Safety Commission are calling for the agency to investigate e-commerce retailers Shein and Temu after “deadly baby and toddler products” were sold on both websites, according to a letter posted on the US CPSC website on Tuesday. US CPSC Commissioners Peter Feldman and Douglas Dziak want the agency to evaluate how Singapore’s Shein, China’s Temu and other foreign-owned e-commerce platforms comply with its rules, handle relationships with third-party sellers and represent imported products. Shein and PDD Group’s Temu, which both ship cheap merchandise into the US from China, are raising “specific concerns” for the Commission for their…

A sanctioned central banker is to represent Russia on the board of the Washington-based International Monetary Fund, the current holder of the post said on Tuesday.

British luxury fashion label Burberry is set to exit London’s FTSE 100 after 15 years at the top-tier index, the stock exchange announced Wednesday, as analysts cited strategic mistakes and weak demand from China. The relegation will “take effect from the start of trading” on September 23, the exchange’s FTSE Russell subsidiary said in a statement. Burberry, whose former chief executive hastily departed in July following poor company earnings, and the global luxury sector as a whole have been hit by strains in China’s economy, the world’s second biggest. The exit of Burberry — a 168-year-old label famous for its…