Daily Recap

Thursday, 23 July 2026

Business today was defined by companies and policymakers trying to buy certainty in an uncertain world. In China, the AI infrastructure boom is now driving pressure well beyond chips for training models, with Intel and AMD locking in multi-year server CPU deals as processor prices reportedly jump more than 40%. In Europe, the ECB held rates at 2.25% but signaled that rising energy risks tied to the Iran conflict could still force another move later this year. In Asia’s startup economy, Meesho posted a sharp 48% revenue increase and cut losses by roughly half, while preparing fresh support for its grocery unit, and Coinbase said it will expand its Singapore workforce as it bets on broader regional crypto adoption. Beyond markets, veteran Nollywood actress Ngozi Nwosu’s public appeal for ₦30 million in urgent medical care was a stark reminder of the human financial strain behind the headlines.

Recap for Thursday, 23 July 2026

Photos from today's Business coverage
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