
It is blackout for Nigerian electricity consumers, as the government is carrying out a phased repair on the grid. The first phase has thrown 6 states into darkness.
It is blackout for Nigerian electricity consumers, as the government is carrying out a phased repair on the grid. The first phase has thrown 6 states into darkness.
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."
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
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.
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%.
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.
The dream of hurtling between European cities at speeds of more than 700 kilometres per hour moved a step closer Monday with the first successful vehicle tests at the European Hyperloop Centre. Hardt Hyperloop hopes to start testing the lane switch soon with vehicles and eventually build a bigger centre to enable the pod to reach the dizzying speeds possible.
Chinese bicycle-sharing giant Hellobike plans to expand to Europe, its management said Monday, with its point of entry likely to be Paris. Hellobike also plans to submit bids in other French cities as well as Barcelona and Sevilla in Spain.
Europe must massively ramp up investment including through joint borrowing as part of a "new industrial strategy" to keep pace with the United States and avoid dependence on China, a keenly awaited report warned Monday.
As part of its efforts to alleviate the suffering of Nigerians, the federal government has announced that it has begun selling bags of rice for N40,000.
Economy
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