Chinese-owned luxury carmaker Lotus said Thursday that it planned to cut up to 550 UK jobs, in part over uncertainty caused by US President Donald Trump's tariffs. The carmaker, which is majority owned by Chinese auto giant Geely, has several sites in the UK, including its headquarters in Hethel, eastern England.
Rohit Bal, one of India's most acclaimed fashion designers, has died, his colleagues said Friday. "We mourn the passing of legendary designer Rohit Bal," the Fashion Design Council of India (FDCI) said in a statement on Instagram.
The National Bureau of Statistics (NBS) has revealed that following changes in fuel prices, the average cost of transportation fare paid by Nigerians have increased.
Kenya plans to reintroduce some of the tax hikes that sparked deadly protests earlier this year, the government announced Friday, while a new deputy president was sworn in after weeks of high political drama. It followed weeks of drama around the impeachment of Ruto's previous deputy, Rigathi Gachagua, who was accused of ethnically divisive politics.
The Federal Inland Revenue Service (FIRS) is seeking qualified Nigerian graduates to become tax officers and has listed the requirements and application deadline.
ExxonMobil reported a dip in third-quarter profits Friday on lower earnings from its refining business, but the results were strong enough to enable nearly $10 billion in shareholder distributions. Chevron's earnings were also dented by lower refining margins, although it also enjoyed record oil and natural gas production from the Permian Basin.
The Nigerian currency, the naira, again depreciated in the official and parallel foreign exchange windows on Thursday, October 31, 2024, after a brief rise.
French brushmakers are shifting to luxury and niche markets to survive rising costs and redundancy, as they see their craft -— handed down through the generations -— threatened with extinction. But one French brushmaker says its shift towards luxury markets has brought it back from the brink.
Indonesia has banned the sale of Google Pixel phones over the tech giant's failure to meet investment regulations, its industry ministry said, days after blocking sales of Apple's iPhone 16. Around 22,000 Google Pixel phones had entered Indonesia this year, according to industry ministry data.
The United States unveils its monthly employment figures Friday –- a final major economic snapshot at the end of a razor-edge presidential election campaign in which cost-of-living issues have dominated voter concerns. Helene was the second-most deadly hurricane to hit the continental United States in more than 50 years, after Katrina.
Economy
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