Two banks holding national banking licences are reportedly in talks to merge as the recapitalisation deadline set by the Central Bank of Nigeria (CBN) nears.
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How the National Single Window transforms Nigerian commerce
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FG moves to increase access to cooking gas as dealers release new price list for 5kg, 12.5kg
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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India's Modi dangles tax cuts as US tariffs loom
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US govt protests import bans on 25 products by Nigerian govt, shares lists
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Argentine markets react with optimism to Milei election
Argentina's stock market reacted with optimism Tuesday to the resounding election win by libertarian Javier Milei, despite the country being gripped by uncertainty over what changes the self-described "anarcho-capitalist" will bring.
Home sales in US slow in October to fresh 13-year low
Sales of existing homes in the United States slipped more than anticipated in October to a new 13-year low, according to industry data released Tuesday, on stubbornly low inventory and high mortgage rates. "While circumstances for buyers remain tight, home sellers have done well as prices continue to rise year-over-year, including a new all-time high for the month of October," he said.
Deliveroo riders not entitled to union rights: UK's top court
Food delivery riders for the firm Deliveroo are not entitled to trade union rights such as collective bargaining, the UK Supreme Court ruled on Tuesday. They said they agreed with lower court judgements that the staff are not in an "employment relationship" with Deliveroo and are therefore not entitled to collective bargaining rights.
Indonesia unveils investment plan for $20 bn energy transition pact
Indonesia on Tuesday launched an investment plan to attract $20 billion pledged by Western nations in a renewable energy transition pact agreed last year for the archipelago to slash emissions and wean itself off coal.
Chinese company gives leftover hotpot oil second life as jet fuel
At an upmarket restaurant in the hotpot-loving Chinese city of Chengdu, diners plunge sliced meat and vegetables into cauldrons of spicy, oily broth, largely unaware that their leftovers are set to take on a second life as jet fuel.
Asian markets extend US rally as rates confidence grows
Asian investors on Tuesday built on a Wall Street rally as analysts said a strong US Treasury auction indicated confidence on trading floors that the Federal Reserve is finished hiking interest rates.
Milei's Argentina dollarization plan has Latin American precursors
Argentine president-elect Javier Milei ran his campaign on promises to ditch the peso for the US dollar and do away with a central bank -- all in the name of subduing rampant inflation. Until September, Venezuela's annual inflation rate was 317 percent, according to its central bank.
Milei says could take two years to tame Argentina's inflation
President-elect Javier Milei said Monday that it could take between 18 and 24 months to bring Argentina's rampant inflation under control, as he outlined his plans to reform the economy. "The empirical evidence for the Argentine case says that if you cut monetary emission today, it takes between 18 and 24 months to destroy (inflation)," he said.
Workers at Detroit's 'Big 3' ratify labor contract: union
Workers from Ford, General Motors and Stellantis ratified new contracts with hefty wage hikes, their union announced Monday, closing the books on an historic autoworkers strike at the three Detroit giants. General Motors also applauded the ratification.
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