Former French President Nicolas Sarkozy on Tuesday began serving a five-year prison sentence at La Santé Prison in Paris after his conviction for conspiring to raise campaign funds from late Libyan leader Muammar Gaddafi. The 70-year-old ex-president arrived at the prison with his wife, Carla Bruni, waving to supporters who chanted “Nicolas! Nicolas!” and sang …
SpaceX’s Sudden Bitcoin Shuffle: $268 Million Moved to Dormant Wallets—“Internal Reorg” or Bigger Play? SpaceX, Elon Musk’s rocket powerhouse, executed a stealthy transfer of 2,395 Bitcoin worth $268 million at a time into two long-dormant wallet addresses, its first significant on-chain BTC activity in three months. As a crypto enthusiast who’s followed Musk’s crypto whims …
Switzerland’s exports to the United States surged in September as pharmaceutical companies accelerated shipments to beat Washington’s impending tariff hike. Data released on Tuesday by the Swiss Federal Customs Administration show that total Swiss exports to the U.S. soared by nearly 43% in seasonally adjusted terms compared to August, a sharp rebound after a slump …
In a sweeping structural reform, Nigeria has effectively abolished its standalone 10% Capital Gains Tax (CGT) and integrated the gains into its new income tax regime, a move that has triggered widespread debate over its potential to stifle investment or modernize tax fairness. Under the newly signed Nigeria Tax Act, 2025, capital gains for individuals …
In Anambra State, political campaigns are taking a new turn, and money appears to be at the centre of it. Since Governor Chukwuma Soludo declared his intention to seek a second term in office, communities, associations, and political groups across the state have launched an aggressive wave of endorsements backed with millions of naira in …
China’s exports of rare earth magnets fell 6.1% in September, sparking renewed concerns that Beijing may again use its dominance in critical minerals as leverage in trade talks with the United States. Customs data showed shipments dropped to 5,774 tonnes from 6,146 tonnes in August, ending three consecutive months of growth and coming just before …
Mineral development expert Dr Femi Salami has highlighted the need for African nations to harness their vast mineral endowments to become a tool for sustainable economic and strategic global power. Dr Salami, who spoke at different fora during the World Bank/International Monetary Fund (IMF) 2025 Annual Meetings in Washington DC, United States, pointed out that …
Global companies have incurred more than $35 billion in costs from U.S. tariffs heading into third-quarter earnings, though many are now scaling back earlier forecasts as new trade deals ease exposure to President Donald Trump’s levies. Trump’s trade war has driven tariffs to their highest levels since the 1930s, but recent bilateral agreements with the …
Nigeria has been faced with the most complicated form of inflation, where all the possible types are evident at the same time, said a development economist, Ken Ife. Ife, who appeared on Channels Television’s The Morning Brief on Monday, October 20, described the current inflation pressure as a complex case of stagflation, a rare economic …
China has shipped its first-ever batch of domestically produced poultry hatching eggs to Tanzania, a move experts say could reshape livestock farming across East Africa. The shipment of 35,000 white-feathered “Guangming No. 2” broiler eggs departed Yunnan Province on Friday, marking a major milestone for China’s agricultural exports. The eggs, specially bred for meat production, …
