
Nigerians are groaning under the hardship caused by inflation. The price of filling a 5kg cylinder of cooking gas increased by 10%, while 12.5kg increased by 32.5%.
Nigerians are groaning under the hardship caused by inflation. The price of filling a 5kg cylinder of cooking gas increased by 10%, while 12.5kg increased by 32.5%.
Ousted WeWork co-founder Adam Neumann recently bid more than $500 million to buy back the struggling office-sharing group, according to media reports Monday. Neumann recently submitted the offer, but it was not clear how he would finance such a deal, the Wall Street Journal and CNBC reported, citing sources close to the matter.
Germany's Deutsche Bahn rail operator and the GDL train drivers' union have reached a deal in a wage dispute that has caused months of crippling strikes in the country, the union said on Monday. "The German Train Drivers' Union (GDL) and Deutsche Bahn have reached a wage agreement," GDL said in a statement.
Iraq, fighting a booming currency black market, has considerably increased overseas dollar transactions through the official global SWIFT system, the Central Bank vice governor said on Monday.
US new home sales ticked down surprisingly in February, according to government data released Monday, after January's rate was revised higher. New single-family home sales were at an annual rate of 662,000 last month, seasonally adjusted, 0.3 percent down from the revised 664,000 figure for January, said the Commerce Department.
Britain's housing stock offers the poorest value for money among advanced nations, according to a study published Monday warning that the crisis-hit sector will loom large over this year's election.
Hong Kong's popular Octopus tap-and-go card will be accepted on public transport in more than 336 mainland Chinese cities from Tuesday, the e-payment company has announced. Under the new scheme, the Octopus-China card will be accepted on buses, subways, trains and ferries in about half of the cities in mainland China.
Boeing announced Monday that CEO Dave Calhoun would leave his post as the aviation giant faces increased scrutiny after a series of safety incidents and manufacturing issues. US regulators last month gave Boeing 90 days to come up with a plan addressing quality control issues, with the regulatory Federal Aviation Administration saying the company must "commit to real and profound improvements."
Nigeria's total debt stock hit a massive $108 billion as of December 2023. The data from the Debt Management Office also revealed the domestic debts by states.
Bank of Industry (BoI) has announced plans to partner with the federal government to provide food relief for Nigerians across the country to ease hardship.
Economy
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