November 1, 2025

Endrick Considering Lyon Loan In Search Of Game Time

November 1, 2025 7:08 am

In a move that could reshape his breakout trajectory, 19-year-old Brazilian forward Endrick appears poised to depart Real Madrid on loan in the January transfer window, with French club Olympique Lyonnais emerging as the front-runner. Sources close to the matter have confirmed that Lyon have made an official approach to Real Madrid and that Endrick’s representatives have engaged with the French side’s project for the second half of the season. 

The young striker has yet to log a minute of league action under manager Xabi Alonso this season — despite being fully fit for weeks — prompting growing concerns about …

President Tinubu Inaugurates Africa’s Largest Fibre Optic Plant

President Tinubu Inaugurates Africa’s Largest Fiber Optic Plant

November 1, 2025 6:18 am

New Coleman factory in Ogun State marks a milestone for Nigeria’s industrial growth, boosting digital connectivity, jobs, and export capacity.

President Bola Ahmed Tinubu has hailed Coleman Technical Industries Limited for its contribution to Nigeria’s industrial and digital transformation as the company commissioned Africa’s largest fiber optic cable manufacturing plant in Sagamu, Ogun State.

Speaking at the ceremony on Wednesday October 29, 2025, President Tinubu — represented by the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole — described the project as a major step toward building Nigeria’s digital backbone and enhancing the nation’s competitiveness in the global economy.…

Buffett Invests $170 Million In Japan’s Mitsui And Mitsubishi

Buffett Invests $170 Million In Japan’s Mitsui And Mitsubishi

November 1, 2025 5:47 am

Berkshire Hathaway increases stakes in Mitsui and Mitsubishi, signaling Buffett’s long-term confidence in Japan’s trading giants and global partnerships.

Warren Buffett’s Berkshire Hathaway has expanded its holdings in two of Japan’s biggest trading houses, investing an estimated $170 million as part of a long-term strategy to strengthen ties with Japanese industry.

The purchases, made through Berkshire’s insurance arm, National Indemnity, increased the conglomerate’s stakes in Mitsui & Co. and Mitsubishi Corp. to about 10.1% and 10.2%, respectively. The transactions took place between March and September, based on filings in Japan and current exchange rates.

The move marks Buffett’s continued commitment

…
Nvidia Invests $1 Billion For 2.9% Stake In Nokia Deal Boost

Nvidia Invests $1 Billion For 2.9% Stake In Nokia Deal Boost

November 1, 2025 4:30 am

Nvidia’s $1 Billion investment gives it a 2.9% stake in Nokia, strengthening a joint push into AI-driven 5G, 6G, and next-generation network technology.

Nvidia, the world’s most valuable chipmaker, has agreed to invest $1 billion in Nokia, acquiring a 2.9 percent equity stake as part of a deepening alliance aimed at advancing 5G, 6G, and artificial intelligence-powered network infrastructure.

The move expands an existing partnership between the two technology giants and underscores Nvidia’s growing influence beyond data centers and into telecom infrastructure. Under the deal, both companies will collaborate on developing advanced radio access network (RAN) systems and accelerating Nokia’s …

Mark Carney Apologizes To Trump Over Anti-tariff Ad

Mark Carney Apologizes To Trump Over Anti-tariff Ad

November 1, 2025 4:28 am

Canadian Prime Minister Mark Carney has apologized to U.S. President Donald Trump over a controversial anti-tariff political ad aired by Ontario Premier Doug Ford, in a bid to ease tensions between the two countries after Washington froze trade talks.

Carney told reporters on Saturday that he made the apology privately during a dinner hosted by South Korea’s President earlier in the week, attended by both leaders as part of the Asia-Pacific Economic Cooperation (APEC) summit in Seoul.

“I did apologize to the president,” Carney confirmed, echoing Trump’s remarks on Friday. “I told Ford I did not want to go …

FIRS Nigeria Imposes 10% Tax On Interest From Short-Term Assets

FIRS: Imposes 10% Tax On Interest From All Short-Term Assets

November 1, 2025 4:11 am

FIRS orders banks and brokers to deduct 10% withholding tax on interest from treasury bills, bonds, and other short-term investments from 2025.

The Federal Inland Revenue Service (FIRS) has announced a new 10% Withholding Tax (WHT) on interest earned from short-term securities, directing banks, stockbrokers, and financial institutions to begin automatic deductions at payment points.

The move, outlined in a circular released this week, marks a significant policy shift aimed at broadening Nigeria’s tax base and improving domestic revenue mobilization. The new measure covers treasury bills, corporate bonds, promissory notes, and bills of exchange — ending a long-standing exemption policy …

President Tinubu: Approves 15% Import Duty On Petrol, Diesel

President Tinubu: Approves 15% Import Duty On Petrol, Diesel

November 1, 2025 2:57 am

Nigerian President Tinubu, has approved a 15% ad-valorem import duty on petrol and diesel, a move expected to raise pump prices and align import costs.

President Bola Tinubu has approved a 15 percent ad-valorem import duty on petrol and diesel, a decision likely to affect fuel prices across Nigeria.

The directive, confirmed in an official letter dated Tuesday October 21, 2025, was communicated by Damilotun Aderemi, the President’s Private Secretary, to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The document, seen by TheCable, outlines Tinubu’s consent to apply the duty on …

APEC: South Korea AI Initiative Call For Regional Cooperation

APEC: South Korea AI Initiative Call For Regional Cooperation

November 1, 2025 2:36 am

South Korean President Lee Jae Myung on Saturday urged Asia-Pacific nations to strengthen cooperation on artificial intelligence and demographic issues, saying shared innovation and coordinated policies were essential for the region’s stability and growth.

Speaking at the Asia-Pacific Economic Cooperation (APEC) summit in Seoul, Lee said the “APEC AI Initiative,” proposed by South Korea, reflected his government’s goal of turning technological transformation into opportunity. “The APEC AI Initiative is the outcome of our strong will to transform a grand change into an opportunity,” he said at the opening of a session focused on AI and demographic change.

South Korea, the …

Trump Denies Strikes On Venezuela Amid Rising Regional Tension

Trump Denies Strikes On Venezuela Amid Rising Regional Tension

November 1, 2025 12:50 am

United States President Donald Trump has dismissed reports that his administration is planning strikes inside Venezuela, despite a major U.S. military deployment to the Caribbean that has raised regional tensions.

Speaking to reporters aboard Air Force One on Friday, Trump flatly denied suggestions that Washington was considering military action against Venezuela. “No,” he said when asked if reports about planned strikes were true.

His comments appeared to contradict statements he made earlier this month suggesting that the United States might take direct action against individuals or groups allegedly linked to drug trafficking. “I think we’re just going to kill …

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