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Jurisdiction Dispute Stalls Alaba Market Eviction Case
Proceedings at the Ajegunle District Magistrate’s Court were stalled on Thursday due to a jurisdictional objection regarding the enforcement of an eviction judgment at Alaba International Market, Ojo. Mr. Eric Igweokolo, President of the Association for the Protection and Defence of Human Rights, informed the court that the eviction, reportedly executed on shops H9 and
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ECB Upgrades Eurozone Growth Outlook, Signaling End to Interest Rate Cuts
The European Central Bank (ECB) has maintained its policy interest rates steady, while simultaneously revising upward its growth and inflation forecasts for the eurozone. The move signals a potential end to further interest rate cuts in the near term, reflecting a stronger-than-expected economic performance across the region. Steady Policy Rates Amid Stronger Growth At its
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Debt Boom Signals Yuan’s Rise as a Global Funding Currency
China’s yuan is increasingly emerging as a global funding currency, with record-breaking bond sales and surging overseas lending signaling its growing appeal among international investors. Analysts and bankers alike say the recent boom in yuan credits is not just a short-term arbitrage opportunity but reflects a sustained interest in renminbi as a viable alternative to
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Ford Recalls Over 272,000 U.S. Vehicles Due to Park Function Defect
Ford Motor Company (F.N) announced a major recall of 272,645 vehicles in the United States due to a potential defect in the integrated park module that could prevent vehicles from staying in the “Park” position, increasing the risk of rollaway accidents and crashes, the U.S. National Highway Traffic Safety Administration (NHTSA) confirmed on Friday. Affected
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Coty Sells Remaining Wella Stake to KKR in $750 Million Deal, Retains Future Upside
Beauty conglomerate Coty (COTY.N) announced on Friday that it has sold its remaining 25.8% stake in hair care brand Wella to private equity firm KKR (KKR.N) for $750 million, while retaining rights to a portion of future proceeds from a potential sale or initial public offering (IPO). Under the deal, Coty is entitled to 45%
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Coursera to Acquire Udemy, Forming $2.5 Billion Online Education Powerhouse Focused on AI Training
Coursera (COUR.N) announced on Wednesday that it will acquire rival online education platform Udemy (UDMY.O) in an all-stock transaction, creating a combined company valued at $2.5 billion. The deal represents a significant step in the consolidation of the online learning sector, which has faced a post-pandemic slowdown and increased investor scrutiny. Deal Structure and Financial
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U.S. Launches Review of Nvidia H200 AI Chip Sales to China Amid National Security Concerns
The U.S. administration under President Donald Trump has initiated a high-level review of potential sales of Nvidia’s H200 AI chips to China, signaling a major shift in U.S. technology export policy. Sources familiar with the process said the review could lead to the first shipment of these advanced artificial intelligence processors to China, following Trump’s
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U.S. Annual Consumer Inflation Moderates in November Amid Data Gaps from Government Shutdown
U.S. consumer prices increased at a slower-than-expected pace in November 2025, according to the Bureau of Labor Statistics (BLS), but households continued to face high costs for essentials like beef, coffee, and electricity. Analysts caution that the data may not fully reflect underlying price pressures due to gaps caused by the 43-day federal government shutdown,
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ECB Wage Tracker Signals Gradual Normalisation of Euro Zone Wage Growth
The European Central Bank (ECB) reported on Friday that euro zone wage growth is expected to gradually slow and normalize in the coming year, supporting the ECB’s projection that inflation will remain close to its 2% target over the medium term. The findings were highlighted in the ECB’s updated wage tracker, which monitors active collective
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Italy Parliamentary Panel Approves Amendment Declaring Central Bank Gold Reserves Belong to the People
An Italian parliamentary committee has approved an amendment to the 2026 national budget declaring that the gold reserves held by the Bank of Italy belong to “the people,” despite repeated warnings from the European Central Bank (ECB). The move has sparked debates about the sovereignty of Italy’s national assets and the independence of its central
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