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EU Unveils Measures to Boost Investment and Competitiveness Across Capital Markets
Brussels, Belgium – The European Commission on Thursday presented a package of measures designed to enhance the competitiveness of the EU’s capital markets, aiming to make cross-border operations easier and strengthen oversight through the European Securities and Markets Authority (ESMA). The proposals are part of the EU’s broader effort to compete with economic rivals such
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Female FRSC Officer and Daughter Murdered in Suspected Ritual Killing; Suspects Arrested
Osun State Police have arrested three men in connection with the brutal murder of a Federal Road Safety Corps (FRSC) officer, Mrs. Lasisi Funmilayo, and her 12-year-old daughter. The suspects have confessed to slaughtering and dismembering the victims in a shocking case allegedly motivated by money ritual beliefs. The suspects were paraded on Wednesday by
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Philips Shares Plunge Over 7% After Management Lowers Growth Expectations
Amsterdam, Netherlands / Milan, Italy – Shares of Philips (PHG.AS) dropped by over 7% on Thursday, marking their largest single-day decline in nearly 10 months, following comments from the Dutch health technology company that tempered investor expectations for future growth. The fall comes after Philips’ CEO Roy Jakobs addressed investors at Citi’s Global Healthcare Conference,
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Trump’s Proposed Rollback on Fuel Economy Rules Boosts European Carmakers’ Shares
Frankfurt, Germany / Detroit, USA – Shares of European carmakers surged between 2.5% and 5% in early Thursday trading following U.S. President Donald Trump’s proposal to relax fuel economy standards originally implemented under former President Joe Biden. The regulatory shift aims to make it easier for automakers to sell gasoline-powered vehicles in the U.S., potentially
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Watches of Switzerland Reports 15% Surge in U.S. Sales Amid Strong Demand for Luxury Timepieces
New York, USA – Luxury watch retailer Watches of Switzerland Group (WOSG.L) reported a 15% increase in U.S. sales for the first half of 2025, driven by heightened demand for high-end timepieces in its key market. The company attributes the growth to strong consumer interest in premium watch brands such as Rolex, TAG Heuer, and
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Police HQ Warns Against Unauthorized VIP Escorts, Deploys Special Squads to Airports
The Force Headquarters has intensified its clampdown on illegal VIP protection duties, warning police officers against escorting Very Important Persons (VIPs) in plain clothes or uniform without authorization, describing the act as illegal and a violation of standing orders. The warning was issued via a wireless message from the Assistant Inspector General of Police in
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Italian Police Request Governance Documents from 13 Luxury Fashion Brands Amid Labor Abuse Probe
Milan, Italy – Italian authorities on Wednesday visited the headquarters of 13 high-end fashion firms, requesting detailed documentation on corporate governance and supply-chain oversight as part of an investigation into alleged worker exploitation at subcontractors. Judicial documents obtained by Reuters show the move is part of a broader effort to scrutinize labor practices in the
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Edo Journalist, Cameraman Assaulted by Governor Okpebholo’s Aide; NUJ Condemns Attack
A female reporter from the government-owned Edo Broadcasting Service (EBS), Juliet Enabulele-Asein, and her cameraman, Bright Osifo, were assaulted by an aide to Edo State Governor Monday Okpebholo, identified as Kelly Okungbowa (aka Ebo Stone). The incident occurred at Festival Hall, Government House, Benin City, during an empowerment program for 250 physically challenged persons. It
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Russia Imposes Restrictions on Apple’s FaceTime Following WhatsApp and Telegram Limitations
Moscow, Russia – Russian authorities have imposed restrictions on Apple’s video-calling app FaceTime, according to local news agencies. The move comes amid ongoing limitations on other popular messaging and calling services, including WhatsApp and Telegram, which were previously restricted for voice and video calls in the country. The new restrictions on FaceTime reflect Russia’s continued
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Deutsche Bank Offers Funding for Carter and 3rd Mainland Bridges — FG
The federal government has received a funding proposal from Deutsche Bank to replace Carter Bridge and rehabilitate 3rd Mainland Bridge in Lagos. The offer was made during a meeting in Abuja with the Minister of Works, Engr. David Umahi, by Moritz Dornemann, Managing Director and Global Co-Head of Structured Trade and Export Finance, and Andreas
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