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U.S. Household Wealth Hits Record $181.6 Trillion in Q3 2025, Fed Data Shows
U.S. household wealth reached an all-time high of $181.6 trillion in the third quarter of 2025, fueled by a surge in stock market investments, particularly in artificial intelligence (AI) companies, and continued gains in home values, according to new data released by the Federal Reserve on Friday. This represents a $6 trillion increase from the
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Argentina Fully Repays U.S. Currency Swap Line, Signaling Stronger Financial Position
Argentina has fully repaid the United States for a currency swap arrangement it used in late 2025 to stabilize its economy, U.S. Treasury Secretary Scott Bessent and Argentina’s central bank confirmed on Friday. The repayment marks the successful conclusion of a swap line agreement originally intended to protect the Argentine peso and support financial stability
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Court Stops Resident Doctors’ Strike Scheduled for January 12
The National Industrial Court of Nigeria (NICN) in Abuja has barred the National Association of Resident Doctors (NARD) and its members from going on strike starting January 12. Justice Emmanuel Subilim delivered the ruling on Friday after hearing an ex parte application filed by the Federal Government and the Attorney General of the Federation. The
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Italy Open to Selling Remaining Monte dei Paschi Stake, PM Meloni Says No Rush
Italy’s government is open to selling its remaining stake in bailed-out bank Monte dei Paschi di Siena (MPS) but sees no immediate urgency, Prime Minister Giorgia Meloni announced on Friday. The remarks came during her annual New Year’s press conference in Rome, highlighting Italy’s cautious approach to divesting from the historic lender. Government’s Shareholding in
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Italy to Allocate 1 Billion Euros to Reduce Energy Prices, PM Meloni Announces
Italy plans to spend approximately 1 billion euros ($1.16 billion) to curb rising energy bills for households and businesses, Prime Minister Giorgia Meloni announced on Friday. The move is part of broader efforts to stimulate economic growth and maintain energy security in 2026. Government Action to Stabilize Energy Costs Speaking at her annual New Year’s
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Shettima Reaffirms FG’s Commitment to Strengthen Military in Tackling National Security Challenges
Vice President Senator Kashim Shettima has reiterated the determination of President Bola Tinubu’s administration to equip the Nigerian Armed Forces with the necessary resources to address the country’s ongoing security challenges. During a special Juma’at Prayer marking the 2026 Armed Forces Celebration and Remembrance Day at the National Mosque in Abuja on Friday, Senator Shettima
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Six Candidates Vie to Replace ECB Vice President Luis de Guindos
Six candidates are in the running to replace Spain’s Luis de Guindos as European Central Bank (ECB) vice president, with eurozone finance ministers expected to nominate one on January 19, 2026. The position becomes available at the end of May when de Guindos’ term expires, marking a key moment in the ECB’s ongoing leadership transition.
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US Treasury Says Overseas Money Transfers Are Permitted if Fund Origins Are Proven
U.S. Treasury Secretary Scott Bessent clarified that increased scrutiny of overseas money transfers will not penalize individuals who can prove the legitimate origin of their funds. The announcement comes amid a crackdown on federal social benefits abuses in Minnesota, targeting both money services businesses and banks under investigation for potential money laundering. FinCEN Expands Oversight
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Abuja-Keffi Expressway: Minister Umahi Fires Works Controller, Issues Deadline to Contractor
anctions as stipulated in the contract. “I am giving you the end of February to hand over this job. You must come to my office on Wednesday with your timetable and a commitment to complete the project by then,” he added. Umahi emphasized that 2026 would be an “action year” for the Ministry of Works,
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US Banks Eye Investment Opportunities in Venezuela Amid Sanction Rollbacks
U.S. banks are closely monitoring Venezuela’s oil sector, as selective easing of sanctions opens potential opportunities for investment and trade financing. Among financial institutions, JPMorgan Chase appears particularly well-positioned to take advantage of the evolving situation due to its longstanding presence in Venezuela and prior experience in international trade financing. JPMorgan Could Reactivate Venezuelan Operations
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