Samuel Nwite
AUTHOR: Samuel Nwite
China’s Growth Divide Deepened in May as Consumer Spending Contracts, Property Slump Worsens
China's economy displayed growing signs of imbalance in May, with weakening consumer spending and a deepening investment slump contrasting sharply with resilient factory activity...
Nigeria’s Inflation Rose to 15.93% in May Amid Economic Reforms’ Gains
Nigeria’s inflation rate ticked up in May, as stubborn price pressures in Africa’s 4th-largest economy fail to cool down, complicating expectations that policymakers could...
Judge Throws Out xAI Trade Secrets Case Against OpenAI, Deepening Musk’s Legal Setbacks
A U.S. federal judge has dismissed a lawsuit filed by Elon Musk’s artificial intelligence company xAI against OpenAI, dealing another legal blow to the...
Nvidia Raises $25bn in Bonds, Capitalizing on Strong Investor Appetite Amid Surging AI Demand
Nvidia announced on Monday that it will raise $25 billion through a U.S. bond issuance, more than the $20 billion it had initially targeted,...
Nigerian Central Bank Orders Banks, Fintech Firms, to Store Data Locally Before Jan 2027
The Central Bank of Nigeria (CBN) has unveiled one of the most consequential regulatory overhauls of the country’s digital payments sector in recent years,...