Panamanian President Jose Raul Mulino will meet with representatives of US banana giant Chiquita Brands in Brazil later this month amid a push for the company to resume operations in his country after it laid off its entire workforce due to a strike, a minister announced Monday.
Nigeria's foreign debt rose by over N30 trillion in the last 12 months due to new debt by the federal and state governments, bringing the country's debt to $54bn.
By approving a merger of Vodafone and Three in the UK, the country has secured a commitment from the mobile phone operators to invest billions of pounds on 5G connectivity. Vodafone and Three "have committed to invest £11 billion to create one of Europe's most advanced 5G networks", the pair said Thursday.
The US trade gap narrowed more than expected in October, government data showed Thursday, as imports slipped more than exports. Overall in October, the US trade gap was down 11.9 percent to $73.8 billion, from a revised level of $83.8 billion in September, said the Commerce Department.
John Elkann, who is taking the wheel at Jeep and Fiat owner Stellantis after the ouster of its CEO, is the discreet but steely heir to an Italian dynasty associated with Juventus, Ferrari and The Economist.
UK Prime Minister Keir Starmer Thursday unveiled "ambitious and credible" plans to reform housing, boost police numbers and fix ailing health services in a de facto relaunch of his government after a bumpy first five months in power. The prime minister also announced a target of 150 "major infrastructure projects" as part of the government's building ambitions.
A new artificial intelligence-based weather model can deliver 15-day forecasts with unrivaled accuracy and speed, a Google lab said, with potentially life-saving applications as climate change ramps up.
European Commission President Ursula von der Leyen announced Thursday her participation at a summit of South America's Mercosur bloc, saying a controversial free-trade deal between the EU and the group was within reach. It would be "the largest trade and investment partnership the world has ever seen", von der Leyen wrote en route to Sao Paolo before heading on to the Uruguayan capital.
In a year set to be declared the hottest on record, natural disasters caused $310 billion in economic losses globally in 2024, as climate change increasingly takes its toll, Swiss Re said Thursday. Swiss Re, which serves as an insurer of insurance companies, stressed the impact of climate change, with this year on course to be declared the hottest since records began.
British energy giant Shell and Norway's Equinor announced plans Thursday to merge their UK offshore oil and gas assets to create a new jointly owned company. - Legal case - Under the deal, Equinor will retain ownership of three oil and gas cross-border assets between Norway and Britain, along with its offshore UK wind farms.
Economy
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