Business

Daily Trust

Overloading causes accidents, damages roads – FRSC

Corps Marshal, Federal Road Safety Corps (FRSC), Shehu Mohammed, says excessive loads on vehicles is a major factor that accelerates vehicle deterioration, increase crash rates, and as well contribute to the premature deterioration of…

Daily Trust

BRICS Finance Chiefs Call for Urgent IMF, World Bank Reform

BRICS finance chiefs and central bank governors on Friday reiterated calls for urgent reform of the International Monetary Fund and World Bank to give emerging and developing economies a greater say in the two institutions.

IEA warns of ‘lost period’ in global oil demand

Financial Times

IEA warns of ‘lost period’ in global oil demand

Strait of Hormuz will not reopen this year, agency says, warning of sharp drop in demand

Financial Times

MUFG Prices $1.3 Billion Perpetual AT1 Bond Amid Strong Demand

Mitsubishi UFJ Financial Group Inc. priced ¥200 billion ($1.3 billion) of perpetual debt at spreads tighter than its previous sale as investors gravitated toward subordinated issues.

Treasury yields steady as traders await consumer inflation data amid oil price pressure

Treasury yields steady as traders await consumer inflation data amid oil price pressure

Treasurys steadied Friday after surging to multiyear highs, as investors await more economic data.

Africa: Africa's Factories Are Becoming Their Own Power Stations

AllAfrica

Africa: Africa's Factories Are Becoming Their Own Power Stations

[Bird Story Agency] Textile plants, mines and export zones are building their own electricity systems, creating a growing role for independent producers as African factories seek to avoid disruptions that can throttle production.

AllAfrica

Neko Health CEO: Using AI Scans & Longitudinal Data for a Longer Life

The CEO of full-body scanner Neko Health says technology could help shift healthcare from treating symptoms to identifying risks earlier. Hjalmar Nilsonne explains how Neko’s scans combine imaging, cardiovascular testing and blood analysis…

Houthis seize key Yemeni port city as Iran pushes for new foothold on Red Sea coast

Houthis seize key Yemeni port city as Iran pushes for new foothold on Red Sea coast

The advance raises the threat to shipping near the Bab el-Mandeb Strait, a waterway that connects the Red Sea to the Gulf of Aden to global markets.

Mercadona reaches 76 stores as long-awaited Algarve debut approaches

Portugal Resident

Mercadona reaches 76 stores as long-awaited Algarve debut approaches

Mercadona’s rapid expansion across Portugal has reached another milestone, with the Spanish supermarket chain opening its 76th store in the country – just weeks before making its long-awaited Algarve debut. The post Mercadona reaches 76…

Portugal Resident

DBS Lawsuit Linked to Jho Low’s Associate, Says 1MDB Taskforce

A lawsuit filed against DBS Group Holdings Ltd. in Singapore’s High Court is related to an associate of Jho Low, the alleged mastermind behind the multi-billion dollar 1Malaysia Development Bhd. scandal, according to the 1MDB Asset…

Why Bridgewater's CIO Says AI's Human Extinction Risk Is Real

Greg Jensen was one of the earliest backers of both OpenAI and Anthropic, and at Bridgewater, where he is the managing chief investment officer, he leads the hedge fund's AI strategy. As an early adopter of the technology, he has a lot of…

IMF says global growth on track to reach 3% in 2026, but risks remain high

Arab News