Source has disclosed the ground plan of a prominent PDP governor who is set to officially decamp to the APC. Date and other details of the event have been revealed.
Italy's foreign minister called on the European Central Bank on Friday to reduce interest rates to weaken the euro, warning its strength was hurting his country's exporters.
The Nigerian currency, the naira, has fallen for the third consective days as demand for the US dollar spiral the official foreign exchange market.
Greece's parliament on Thursday approved a government-backed bill allowing people to work 13-hour days, despite fierce objections from trade unions and opposition parties. The government insists that the 13-hour workday is optional, only affects the private sector and can only be applied up to 37 days a year.
Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, announced Thursday plans to cut 16,000 jobs worldwide over the next two years, sending its share price soaring. The layoffs include 12,000 white-collar jobs over the next two years, saving the company one billion Swiss francs -- which it said was double what had been previously planned.
Berlin, long hailed as one of the world's great party cities, is fighting to keep its famed techno clubs alive in the face of soaring prices, shifting tastes and a tightening property market.
Taiwanese tech titan TSMC reported Thursday a forecast-busting record net profit for the third quarter on skyrocketing demand for microchips used to power iPhones and artificial intelligence. TSMC said net profit for the three months to September soared 39.1 percent from a year ago to NT$452.3 billion (US$14.7 billion).
Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, will eliminate 16,000 jobs worldwide over the next two years, its new chief executive said on Thursday.
Asian equities edged up Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal Reserve will continue cutting interest rates this year. Bets on US rate cuts, a weaker dollar and worries about the latest China-US flare-up, have helped push gold to daily records and on Thursday it hit a peak of $4,234.70.
United Airlines reported a slight dip in profits Wednesday as operating expenses ticked higher, adding that a strengthening demand outlook would boost fourth-quarter results. United is poised for a "strong" fourth quarter "as the demand environment strengthens," said a United press release.
Syria is in a hurry to rebuild its war-torn economy and will not wait for the international community to begin making those changes, the country's finance minister said Wednesday. Syria's government faces a monumental challenge in rebuilding the country's war-torn economy after more than 15 years of civil war -- something Barnieh estimated would likely cost "tens of billions" of dollars.
Economy
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