Postal traffic to the United States plunged more than 80 percent following Washington's imposition of new tariffs, with 88 operators worldwide fully or partially suspending services, the Universal Postal Union said Saturday. "Furthermore, 88 postal operators informed the UPU they have suspended some or all postal services to the US until a solution is implemented," it said.
Eurozone business activity slumped at a faster pace in October, resulting in job losses, a closely watched Purchasing Managers' Index (PMI) survey put out by S&P Global showed Tuesday. "Companies cut employment as a result, representing the first drop in headcounts since the lockdowns of early 2021," S&P Global said in a statement giving the PMI survey result.
Asian markets recovered ground on Tuesday with traders weighed down by unpredictability over the ongoing crisis in the Middle East and key earnings and economic data releases expected later in the week. "The rise of the 10-year US bond yield and worries that the Middle East situation may deteriorate continued to weigh on the Tokyo market," Nomura Securities said.
French luxury group Hermes, known for its leather bags and silk scarves, on Tuesday said it continued to see sales growth in the third quarter despite a dip in Asia. Sales in Asia outside Japan dipped 0.1 percent in the third quarter, but the company said this is partially due to an exceptional performance last year due to Covid restrictions being lifted in China setting off a surge in spending.
The war between Israel and Hamas could deal a "serious" blow to global economic development, the president of the World Bank told an investor conference in Saudi Arabia on Tuesday.
Lagos, Rivers, and Ogun states are among the top Nigeria states with the highest internally Generated. Revenue (IGR) in 2022, according to the NBS.
The list of the 10 best states to do business in Nigeria has been revealed, with Lagos State and Anambra leading the pack, full of opportunities for entrepreneurs.
Jonathan Driver, an Arkansas farmer with blackened hands and a thick southern drawl, doesn't have a minute to spare. Plus, local farmers feel a real attachment to the Mississippi.
President Bola Ahmed Tinubu has reacted to the victory of Nigeria in the UK Court in the case involving Process & Industrial Development (P&ID) Limited since 2013.
Qatar Airways' longstanding chief executive Akbar Al Baker is to step down from his role, the state-owned airline announced on Monday. In a statement, Qatar Airways confirmed Baker, who served the airline for 27 years, "will be stepping down from his current position as group chief executive officer effective November 5th, 2023".
Economy
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