Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June at the risk of driving down already very low prices.
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D-Day for Apple, Google as EU court to rule on major cases
A top EU court will rule on Tuesday in a 13-billion-euro tax case involving Apple and Ireland, and could also deliver a victory for Brussels by upholding a multi-billion-euro fine against Google, in two eagerly awaited decisions.
Asian markets battle to match Wall Street rally ahead of US inflation
Asian markets mostly rose Tuesday after a rally on Wall Street as traders try to assess the outlook for US interest rates following last week's disappointing jobs report, with focus on the release of key inflation data. All three main indexes on Wall Street rose more than one percent Monday after Friday's steep, tech-led retreat.
How a taxi driver in El Salvador boosted his earnings with Bitcoin
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. Osorio credited the US founder of the NGO My First Bitcoin, John Dennehy, with encouraging him to accept payment in the cryptocurrency.
Apple unveils new iPhone built for AI
Apple on Monday announced a new iPhone built for generative artificial intelligence as it seeks to boost sales and show it is keeping up in the technology race.
Air Canada readies shutdown as pilot union talks appear deadlocked
Air Canada is preparing to suspend most of its flights starting next Sunday as it faces a likely impasse in talks with its pilots over wage demands, the company said. The airline's pilots, who voted in August to strike if talks fail, are pushing to close a pay gap with their American counterparts, but Air Canada says their demands "far exceed average Canadian wage increases."
FG speaks on reported plans to increase VAT rate, generates N1.56 trillion in 3 months
The federal government has responded to claims that it is planning to increase VAT, as the NBS announces that over N1.5 trillion was generated in three months
Canadian fashion mogul Nygard sentenced to 11 years for sexual assaults
Peter Nygard, the founder of one of Canada's largest clothing brands, was sentenced Monday to 11 years in prison for four counts of sexual assault of women and a girl in Toronto.
FG clears air on another tax hike after instructing fintechs to deduct N50 from customers’ account
The Coordinating Minister of the Economy and Minister of Finance, Wale Edun, denied on Monday the rumors that the Value-Added Tax rate had increased from 7.5 to 10%.
Battery maker Northvolt to cut jobs, slash operations
Beleaguered Swedish electric car battery maker Northvolt said Monday it would cut its workforce as it scales back operations to focus on its main gigafactory in Sweden.
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