Top Stories – Page 37 – Tamfis Nigeria Limited

07 Jul

Microsoft is Investing $3 Billion in India After Leaving Pakistan

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July 7, 2025

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Microsoft has announced a major investment of $3 billion in India to grow its cloud and AI infrastructure. This news comes shortly after the company closed most of its operations in Pakistan, citing economic instability and regulatory challenges. Currently, Microsoft only has a small liaison office left in Pakistan. Former Microsoft Pakistan head, Jawwad Rehman, called the companys exit a sobering signal about the current state of Pakistans business environment. He said it reflects how difficult it has become for international companies to operate in the country. In contrast, Microsoft CEO Satya Nadella praised India, calling it a global leader in artificial intelligence. He highlighted the countrys progress in technology and innovation as a key reason behind the decision to invest there. The $3 billion investment will help boost Indias digital growth, supporting local startups, government projects, and...

06 Jul

Business News, Top Stories

Resumption of International Card Usage in Nigeria (GTB, UBA, ACCESS, and others)

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Tamunofiniarisa

July 6, 2025

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After nearly three years of suspension (mid‑2022 to early 2023), major Nigerian banks—including GTBank, UBA, and Wema—have resumed international transactions on their Naira debit cards as of July 2025 (nairametrics.com). Previously halted due to forex scarcity and FX market strain, this reinstatement comes alongside improvements in foreign exchange liquidity and stabilization of clear-market rates (firstweeklymagazine.com). ? Spending Limits: What's Allowed? Most banks are granting quarterly limits of up to $1,000, broken down as follows: GTBank: $1,000 per quarter for all international transactions; ATM withdrawals abroad capped at $500 quarterly (nairametrics.com). Note: Some premium customers have reportedly received $4,000 quarterly limits—a variation likely based on profile, history, or card type (nairametrics.com). UBA: Offers $1,000 quarterly limit across its Gold, Platinum, and World Naira Cards for online, POS, and ATM use abroad (nairametrics.com). Wema Bank: Also reinstated international use with a $1,000 quarterly spend...

03 Jul

“No One Is Happy About It.” CBS Staffers Were Tired of the Paramount Drama, but the Settlement Intensifies Media-Capitulation Concerns

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Tamunofiniarisa

July 3, 2025

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“Enough is enough.” That was the sentiment from inside CBS, one staffer told Vanity Fair, as Paramount reached a settlement agreement on Tuesday with the Trump administration—a move broadly criticized as capitulation. Inside the news institution, which has been rattled by the drawn-out legal saga, executive departures, and claims of editorial interference, all in the context of a looming sale to Skydance, people are ready to move on. Meanwhile, Senator Elizabeth Warren plans to drag the fight to Congress, calling for an investigation into the settlement. “It’s been something that has lasted so long as a trauma,” added the source. And yet, according to this source, “The general sense is no one is happy about it.” In a near midnight agreement on Tuesday, Paramount settled the defamation lawsuit launched over the editing of a preelection interview on...

02 Jun

Breaking News, Top Stories

US Senators Warn After European Diplomatic Mission: “Putin is Preparing for More War”

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Tamunofiniarisa

June 2, 2025

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Pakistan, 2 June 2025 – Following high-profile meetings with Ukrainian President Volodymyr Zelenskyy and French President Emmanuel Macron, two senior United States senators have issued a stark warning regarding Russian President Vladimir Putin’s intentions in Ukraine. Senator Lindsey Graham, a Republican from South Carolina, and Senator Richard Blumenthal, a Democrat from Connecticut, revealed that mounting intelligence suggests Putin is deliberately stalling peace negotiations while covertly preparing for a significant new offensive. The senators, speaking to reporters in Paris, expressed grave concern over what they perceive as Putin’s calculated delay of diplomatic efforts in Istanbul, using the time to reinforce Russia’s military capabilities. The duo characterised the situation as a decisive turning point for Ukraine, arguing that immediate action from the West is imperative to counter Putin’s ambitions. Heightened Sanctions and Economic Warfare At the heart of their appeal...