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The United States is working to increase its financial assistance to Argentina by doubling it to $40 billion in total. The new plan adds $20 billion from private banks and sovereign wealth funds. This comes on top of a $20 billion currency swap line already pledged to help stabilize Argentina’s economy and volatile currency. Why…
Nollywood continues to grow as one of the biggest film industries in the world. Every year, it produces hundreds of movies that reach audiences across Africa and beyond. Alongside fame, many of its top actors have turned their success into wealth through acting, endorsements, and business investments. These actors have shown that with consistency, creativity,…
Federal officials turned down a bid from Navajo Transitional Energy Co. (NTEC) to acquire rights to 167 million tons of coal on public lands in Montana. The bid asked only $186,000, which works out to less than a penny per ton. The offer did not meet legal requirements under the Mineral Leasing Act, which demands…
President Donald Trump has threatened to impose a 100% tariff on imports from China starting November 1 or even sooner, adding it on top of existing duties. He announced after Beijing introduced new export restrictions on rare earth elements crucial for high-tech industries. In addition, Trump said the U.S. may implement export controls on critical…
The United States has purchased Argentine pesos and finalized a $20 billion currency swap agreement with Argentina’s central bank. Treasury Secretary Scott Bessent confirmed that the move came after several days of high-level negotiations with Argentine officials. The decision aims to restore confidence in Argentina’s financial system and support the peso, which had faced sharp…
Earlier in 2025, the IPO market began showing signs of a strong comeback after years of weakness. By late September, U.S. companies had already raised tens of billions of dollars across more than 200 listings, marking the best performance since 2021. Investors and issuers had grown optimistic. Strong demand, favorable valuations, and high-profile debuts in…
The World Trade Organization (WTO) has revised its forecast for 2025 global merchandise trade growth from 0.9 percent to 2.4 percent after a stronger-than-expected first half. The organization now anticipates a rebound in goods trade, overturning earlier predictions of a slowdown. The upgraded forecast highlights how AI-related products such as semiconductors, servers, and telecom equipment…
Tesla has introduced more affordable trims of its two most popular electric vehicles, the Model Y SUV and the Model 3 sedan. These new versions cost less because the company reduced the range and removed several premium features. The goal is to attract more price-sensitive buyers during a year in which Tesla has seen declining…
Nollywood has grown into one of the largest film industries in the world, producing hundreds of movies each year and creating global stars. Alongside fame, many Nigerian actresses have turned their talent into thriving businesses and lucrative endorsement deals. In 2025, a few standout names have built impressive fortunes through acting, production, brand partnerships, and…
Deloitte Australia has agreed to partially refund the AU$440,000 payment it received from the federal government after the release of a report riddled with errors. The Department of Employment and Workplace Relations (DEWR) commissioned the report, and following scrutiny, Deloitte reviewed the document and confirmed that several footnotes and references were incorrect. The original report,…