Economy

Nigerians Turn to Crypto Assets as Currency Weakens

Experts warn assets may cause further devaluation of the Nigerian currency

IMF Paints Gloomy World Economic Outlook

Growth slowing faster than projected in April

Europe's Central Bank Backs Larger-Than-Expected Rate Hike

ECB's surprise hike of half a percentage point for the 19 countries using the euro currency is expected to be followed by another increase in September

Nigerian Authorities Relinquish Management of State-Owned Oil Company 

Experts say the company run independently could achieve more.  

Importers Paid $32 Billion in US Tariffs on Chinese Tech Imports, Report Shows

Biden administration continues to deliberate over whether to remove some duties

Report: Achieving Gender Parity Will Take Generations

World Economic Forum finds COVID-19 pandemic has set back gender parity by a generation

Critics Lash Out at Trudeau Government Over Inflation

While most acknowledge the causes of rising prices are global, they say the Canadian government needs to do more to help its people

Euro Slumps to Two-Decade Low as Recession Fears Bite 

Russia, Afghanistan Seek to Enhance Trade Amid Sanctions 

Representatives of Russian, Afghan traders sign agreement aiming to expand energy, banking and transport cooperation 

Nike Fully Leaving Russia Over Ukraine Invasion

The move comes three months after the US sports apparel giant suspended operations in Russia

Kellogg to Split into 3: Snacks, Cereals, Plant-Based Food

Shareholders will receive shares in the two spin-offs on a pro-rata basis relative to their Kellogg holdings

US Stocks Edge Lower after Sliding into Bear Market 

Federal Reserve considering another interest rate hike