The United States Trade Representative (USTR) has released a statement slamming the Nigerian government's decision to impose a ban on 25 products.
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CBN sends warning to those spraying, hawking naira, advocates clean naira note
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CBN recapitalisation: Two national banks enter secret merger talks to beat the deadline
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India's Modi dangles tax cuts as US tariffs loom
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25 Banned Items: US may ban more products, data shows top Imports from Nigeria in 2025
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FG opens registration for free financial training on investing, forex trading, entrepreneurship
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Brazil cuts interest rate another half-point
Brazil's central bank cut its key interest rate by half a point for the fourth straight time Wednesday, continuing the easing President Luiz Inacio Lula da Silva hopes will spur Latin America's biggest economy.
'We have to endure' - Argentines stoic as prices skyrocket
Maria Mamani carries a fistful of new price stickers around a supermarket after Argentina's government slashed the value of the peso in half as part of "shock" therapy to the ailing economy. His government on Tuesday unveiled a raft of measures to revive an economy that spokesman Manual Adorni said was "in intensive therapy on the point of death."
BP sacks former CEO for 'serious misconduct'
BP on Wednesday denied its former chief executive of more than £32-million ($40-million) payout because of his failure to disclose past personal relationships with colleagues. A year earlier, Brian Krzanich stepped down as chief executive of US computer chip giant Intel over a "past consensual relationship" with an employee in violation of the company's non-fraternisation policy. phz/srg/cw
Pfizer shares tumble on disappointing 2024 profit outlook
Pfizer issued a disappointing 2024 forecast Wednesday, denting shares as the company navigates a profound plunge in sales tied to the Covid-19 pandemic. The company, which reported more than $100 billion in revenue in 2022 due to the lift from Covid-19 vaccine and therapeutic sales, sees 2024 revenues of between $58.5 billion and $61.5 billion, according to its presentation.
Tesla files recall on 2 million vehicles to fix autopilot software
Electric car maker Tesla has initiated a recall of over two million vehicles in the United States due to a risk linked to its autopilot software, the US traffic safety regulator said Wednesday. - Recall to add driver alerts - The recall covers 2.03 million Tesla vehicles and includes the Models S, X, Y and 3.
French winemakers adopt US-style marketing to halt falling sales
France's wine makers, faced with a steep decline in sales, are turning to US-style marketing to revive their fortunes, including deep dives into global pop culture. Hipster culture, with its taste for authenticity, could also be turned into fertile ground for wine sales.
German coalition reaches deal to end budget crisis
German Chancellor Olaf Scholz's coalition has reached a last-minute deal to end a budget deadlock, an official source said Wednesday, after a constitutional court ruling upended its spending plans and plunged it into a crisis. The ruling blew a huge hole in spending plans, forcing the government to adopt an emergency budget for 2023, and sending it scrambling for a new plan for 2024.
CBN directs Access Bank, Zenith, UBA, others to go after debtors, suspends further loan applications
The Central Bank of Nigeria (CBN) has charged commercial and merchant banks to go after loan defaulters under its various loan schemes across the country.
Cambodia's women tuk-tuk drivers fighting prejudice
Every day Roeung Sorphy deftly weaves through the streets of Siem Reap, zigzagging past cars, motorbikes and the occasional stray dog as she shepherds tourists to the famed Angkor Wat temple complex. Finding Phnom Penh tough, the 39-year-old moved to Siem Reap in 2015 to drive tourists.
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