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20198 articles published since 08 Mar 2022

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Fuel scarcities, price hike deepen Nigerian frustrations
Fuel scarcities, price hike deepen Nigerian frustrations
Economy

After sleeping overnight in a line of cars waiting for fuel, Nigerian taxi driver Oluwashina Ilesanmi had to calculate how much a sudden petrol price increase cut into his earnings. In Lagos, Abuja and the northern city of Kano on Wednesday, some private petrol stations were closed while huge lines of cars waited overnight outside NNPC fuel stations.

German army activates air-defence system, citing Russia threat
German army activates air-defence system, citing Russia threat
Economy

Germany's military put a first Iris-T air-defence system into service on its own soil Wednesday having delivered several of them to war-torn Ukraine to intercept Russian rockets, drones and missiles. Scholz said that "in Ukraine, Iris-T has shot down over 250 rockets, drones and cruise missiles to date and saved countless lives".

US trade deficit widest in two years on imports surge
US trade deficit widest in two years on imports surge
Economy

The US trade deficit in July expanded to its largest since mid-2022, according to government data released Wednesday, as imports rose more quickly than exports. - China trade - In July, the US goods deficit with China increased by $4.9 billion to $27.2 billion, as exports fell and imports picked up.

Ex-VW boss tells trial 'dieselgate' charges are 'implausible'
Ex-VW boss tells trial 'dieselgate' charges are 'implausible'
Economy

Former Volkswagen CEO Martin Winterkorn said Wednesday the charges against him were "implausible" as he testified at his trial over the "dieselgate" scandal that rocked the German auto titan. Winterkorn was CEO of Volkswagen -- whose brands range from Porsche and Audi to Seat and Skoda -- from 2007 until 2015, and resigned shortly after the scandal began.

German car sales plunge in August as EV slump worsens
German car sales plunge in August as EV slump worsens
Economy

Sales of new cars plummeted in Germany in August, official data showed Wednesday, dragged down by a record fall in demand for electric vehicles in Europe's biggest auto market. The fall was led by a "historic decline" in sales of in battery-powered electric vehicles (EVs), the VDIK car importers' federation said, which plunged by 68.8 percent to just over 27,000 units.

Cathay flights to resume fully by Saturday after A350 repairs
Cathay flights to resume fully by Saturday after A350 repairs
Economy

Cathay Pacific said it will resume full operations by Saturday after replacing defective engine fuel lines on its Airbus A350 planes, a problem that had forced it to cancel dozens of flights this week. "Fifteen aircraft were identified with engine fuel lines that require replacement.

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