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Digital loan sharks prey on inflation-hit Nigerians
Digital loan sharks prey on inflation-hit Nigerians
Business and Economy
by  AFP

Cash-strapped and in dire need of 30,000 naira (about $20), Mariam Ogundairo turned to a loan app, downloading it and registering her phone number. An increasing number of Nigerians have turned to personal loans following reforms by President Bola Tinubu to shock the country's moribund economy and remove costly subsidies.

Asia markets tick up after Wall Street rebound
Asia markets tick up after Wall Street rebound
Business and Economy
by  AFP

Asian stock markets were mostly up Thursday morning, tracking gains made on Wall Street as a weak labour market report in the United States boosted hopes for an interest-rate cut. A soft US labour market report Wednesday showing a decline in job openings helped lift investor confidence the Federal Reserve will cut interest rates.

Colombia coal exports plummet after ban on Israel sales
Colombia coal exports plummet after ban on Israel sales
Business and Economy
by  AFP

Colombia's coal exports fell by almost half in July compared to the same month last year, official figures showed Wednesday, amid a global price crisis and days after President Gustavo Petro's ban on sales to Israel. Last month, Petro issued a second decree for Colombia to halt coal exports to Israel in protest against its deadly war in Gaza, renewing a June 2024 edict.

Jury tells Google to pay $425 mn over app privacy
Jury tells Google to pay $425 mn over app privacy
Business and Economy
by  AFP

A US federal jury on Wednesday ordered Google to pay about $425 million for gathering information from smartphone app use even when people opted for privacy settings, the company confirmed. In the smartphone app privacy suit, plaintiffs argued that Google intercepted, tracked, collected and sold users' mobile app activity data regardless of what privacy settings they chose.