The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened two pips to 7.1876 against the dollar on Monday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate…
A stronger and more developed Africa would surely contribute more to world peace and development, a Chinese foreign ministry spokesperson said on Monday. Spokesperson Guo Jiakun made the remark when responding to a relevant question at a news conference. Guo said that China and Africa share a time-honoured friendship. The Beijing Summit of the Forum…
Israel said on Monday that it had not received any new information from Hamas regarding the 34 hostages reportedly approved for exchange in a potential Gaza ceasefire deal. The list was widely circulated in both Israeli and Arab media, it included 12 women and children, 11 men aged 50 or above, and 11 young men…
The Consumer Technology Association (CTA) has warned on Sunday that tariffs proposed by President-elect Donald Trump could significantly reduce Americans’ ability to purchase technology products. It said that this would potentially cut consumer purchasing power by up to 143 billion dollars. According to a report released by CTA, laptop and tablet purchases could plummet by…
China says it will complete building the main structure of a national data infrastructure by 2029, according to the country’s top economic planner. This is part of the country’s broader push to build a unified national data market and develop the digital economy. This is according to a guideline issued Monday by the National Development…
Gov Nasir Idris of Kebbi has approved the release of N585.4 million for payment of tuition fees for 100 students studying in different Indian universities. The Commissioner for Higher Education, Alhaji Isah Abubakar-Tunga, made this known at a news conference on Monday in Birnin Kebbi. He said that the payment is for Kebbi indigenes studying…
If convicted, Sarkozy faces up to 10 years in prison under the charges of concealing embezzlement of public funds and illegal campaign financing. Former French president Nicolas Sarkozy, convicted twice in separate cases since leaving office, goes on trial Monday charged with accepting illegal campaign financing in an alleged pact with the late Libyan dictator…
The former star prosecutor has defiantly refused questioning three times over a bungled martial law decree last month and remained holed up in his residence surrounded by hundreds of guards preventing his arrest. Impeached South Korean President Yoon Suk Yeol appeared set to evade arrest ahead of a Monday night deadline after anti-graft investigators asked…
The ballistic missile launch is Pyongyang’s first this year. Its previous launch was in November when it test-fired what it said was its most advanced and powerful solid-fuel intercontinental ballistic missile (ICBM). North Korea launched a ballistic missile on Monday, South Korea’s military said, as the top US diplomat was meeting key officials in Seoul….
The ban encompasses the entire Atlantic coast and eastern Gulf of Mexico, as well as the Pacific coast off California, Oregon and Washington, and a section of the Bering Sea off Alaska. US President Joe Biden on Monday banned offshore drilling across an immense area of coastal waters, weeks before Donald Trump takes office pledging…
