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• Cardoso: No economy can thrive with weak banks, says reforms soon to yield tangible benefits • Apex bank tightens scrutiny of banks over terrorism financing •World Bank: Banks must redirect capital towards job-creating sectors, reduce reliance on govt securities for yields • Dele Alabi: True test of reforms is lowering living costs, more jobs, higher real incomes, affordable credit, reduced poverty, commends CBN for macroeconomic stability • Economic management team moves to harmonise key macroeconomic assumptions Ndubuisi Francis, James Emejo in Abuja and Nume Ekeghe in Lagos President Bola Tinubu yesterday challenged Nigerian banks to move beyond balance-sheet expansion…

Europeans overwhelmingly want a strong, united and independent Europe but question whether it can get there, according to a study that suggests a continent-wide crisis of confidence is creating fertile ground for far-right narratives of decline.The report, based on 5,800 interviews in France, Germany, Italy, the Netherlands, Poland and the UK and analysis of the way Europe is discussed in the politics and media of 15 countries, paints a picture of an ambitious but disillusioned public.It found that 68% of respondents spoke about Europe in terms of a “general deterioration or loss of normality”, compared with just 12% who said…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US AI borrowing boom is reshaping Switzerland’s traditionally conservative bond market, as technology giants pour billions of francs of debt into the country.The influx is beginning to affect domestic borrowers, with some Swiss companies shifting the timing or size of bond sales to avoid competing with huge US technology deals for investor demand, analysts say.AI-related companies have accounted for 26.4 per cent of Swiss franc corporate bond issuance so far this year, according to new research from Zurich Insurance — the…

OpenAI claims to have solved a major mathematics problem that has stumped humans for nearly a century after spending millions of dollars on the artificial intelligence-led endeavour.The company behind ChatGPT said it had cracked the Navier-Stokes problem, one of seven Millennium Prize Problems published by the Clay Mathematics Institute to highlight some of the biggest unsolved puzzles in the field.However, the announcement swiftly became mired in controversy after mathematician Tristan Buckmaster, a professor at New York University, said OpenAI accelerated its work on the problem after hearing that he and another researcher at Anthropic, an OpenAI rival, were poised to…

This includes for things like replacing windows or altering roofs.Applications consider whether any alterations would preserve or enhance the area’s character. The Isle of Man’s Area Plan says applications within the boundary “will generally not be supported.”Douglas Head already has eight registered buildings, more than almost anywhere else on the island outside of central Douglas.They include the Great Union Camera Obscura (1892), Douglas Lighthouse, the Harbour Swing Bridge Tower and its original 1895 machinery, and Harold Tower.

Honeymoons are for newlyweds celebrating true love and for future NFL head coaches plotting Super Bowl glory. At least in the case of Mike Macdonald, who has now turned to the Chicago Bulls as his recipe reference for a repeat.Mystic Macdonald went viral earlier this year when the Seattle Seahawks released footage of his first-ever team meeting upon being appointed in 2024. Within it, he had strayed from his script to forecast a place at the NFC Championship Game and an ‘inevitable’ feel to a ‘won’t die, won’t quit’ machine. “It probably came to me about 30 minutes before the…

Jon Stewart returned for an all-new episode of The Daily Show following a month-long hiatus. The comedian and Comedy Central host didn’t waste any time trolling Donald Trump and the chaos he’s caused over the last few weeks, like renaming Lake Ontario to Lake America. Toward the end of his opening monologue, he likened Trump aide Natalie Harp to Elizabeth Holmes following the viral trailer for the documentary You Can See Everything. Stewart showed a clip from CNN where they displayed one of the letters she wrote Trump, in which she allegedly says, “I never want to bring you anything…

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Motorists plying the Lagos-Ibadan Expressway were stranded for several hours on Tuesday as repair works on the damaged expansion joints of the Kara Bridge triggered a massive gridlock along the busy corridor. PUNCH Metro correspondents, who monitored the situation, observed that the traffic, which began building up in the afternoon, stretched from the Kara Bridge in Ogun State to the 7Up Junction in Lagos State. As of 3:30pm, the gridlock had extended beyond the Secretariat Bus Stop, while motorists coming from Ikeja and Agege and attempting to access the Otedola underpass were also caught in the congestion, which stretched to…

President Bola Tinubu has felicitated the National President of the Pentecostal Fellowship of Nigeria and founder of the Sword of the Spirit Ministries, Francis Wale Oke, an archbishop, as he marks his 70th birthday. President Tinubu celebrated the author and renowned cleric as a deeply religious leader guided by a deep-rooted love for propagating the gospel of Christ. He also praised the clergyman’s contributions to higher education and human development in the country as the co-founder and Chancellor of Precious Cornerstone University, which has provided opportunities to thousands of Nigerians. In a statement issued by Bayo Onanuga, special adviser to…