EDS / INSIGHTS
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Ghanaian authorities arrested seven women for creating decorative bouquets from banknotes. The Bank of Ghana warned that such misuse of the cedi is illegal and could lead to fines or imprisonment.
Paramount Skydance has completed a $110 billion merger with Warner Bros Discovery, creating a new entertainment conglomerate named Skydance. The deal brings together a slate of iconic franchises and imposes production‑quota conditions aimed at preserving competition and editorial independence.
President Donald Trump announced he will no longer use taxpayer money for his televised ads after bipartisan criticism. Legal experts and lawmakers have questioned the legality and propriety of using government funds for promotional content.
The G7 leaders have committed to release up to 100 million barrels of oil and diesel over the next four months, a move prompted by President Donald Trump's threat to curb U.S. diesel exports. The coordinated release, overseen by the International Energy Agency, aims to ease soaring fuel prices and stabilize global supply chains.
Former Florida Republican David Rivera was sentenced to ten years in federal prison for a $50 million lobbying scheme tied to Venezuela’s state oil company. The court also ordered him to forfeit his Florida properties and highlighted the undisclosed foreign‑agent status of his activities.
September’s jobs report showed employers added only 29,000 positions, down sharply from August’s 133,000. The unemployment rate ticked up to 4.2%, a modest rise as the midterm election season looms.
Nike posted quarterly revenue of $11 billion, missing analysts’ forecasts, and its shares slipped more than 8% in after‑hours trading. The brand also saw football star Kylian Mbappé end a two‑decade partnership to join Swiss rival On.
Mark Carney announced a fast‑tracked 1,250‑km oil pipeline to the Pacific coast, citing U.S. protectionist tariffs as a driver. The project, called Pacific Link, aims to diversify Canada’s export markets while facing environmental and Indigenous opposition.
President Donald Trump said supplies of some munitions are lower because of the war with Iran, while polling shows declining public approval of his handling of the economy.
A Michael Jordan game‑worn jersey from Game 3 of the 1998 NBA Finals sold for £9.3 million, setting a new record for Jordan memorabilia. The sale, conducted by Joopiter, outpaced the previous high of £7.6 million for a different 1998 Finals jersey.
Japan has raised the fee for permanent residency applications to 200,000 yen, a twenty‑fold increase. The change is part of broader policy shifts that add higher income, pension and Japanese‑language criteria for foreign residents.
Oura has withdrawn its planned US IPO that would have valued the company at $15 billion, citing uncertainty in the market. The decision comes amid a broader slowdown in new listings and follows a recent class‑action lawsuit over its sleep‑tracking claims.
Burkina Faso’s military junta inaugurated its first gold refinery, aiming to keep more of the mineral’s value within the country. The plant, financed by the state and private partners, can initially process 164 tonnes of gold a year.
Argentina’s president has given the United Kingdom a two‑week deadline to stop oil work near the Falklands, threatening to take the dispute to an international tribunal. The move revives a decades‑long sovereignty clash while spotlighting a lucrative offshore oilfield.
The United States has implemented a ban on Canadian alcohol and dairy imports, affecting roughly C$1 billion in liquor exports and whey products. The move comes amid a broader trade dispute following Canada’s recent tariffs on U.S. goods.
President Donald Trump is weighing a ban on U.S. diesel exports to curb record‑high domestic fuel prices. Analysts warn that cutting off roughly one million barrels of daily exports could lift global diesel prices and add pressure to worldwide inflation.
Apple was ordered to pay $5.7 bn after a jury found it infringed Taction Technology’s vibration‑patent claims. The verdict overturns a 2023 district‑court ruling that had cleared Apple of infringement.
President Luiz Inácio Lula da Silva signed a provisional order banning all online sports betting and casino games just days before Brazil’s presidential election. The measure, which must be approved by Congress within 120 days, follows criticism that the industry has caused widespread addiction and financial loss.
TikTok and its parent ByteDance will pay Alabama $100 million and impose a two‑hour daily usage limit for children in the state. The settlement also requires new safety features, age‑verification measures, and parental controls.
Nigerian billionaire Aliko Dangote is backing a $660 million fuel pipeline linking Djibouti’s port to Ethiopia. The 120‑km line will cut fuel transport time from five days to one and boost energy security for the landlocked nation.
