EU approves law to end CO2 emitting cars
The energy ministers of European Union countries on Tuesday granted their final approval for a groundbreaking law that would put an end…
Business
Alibaba to split business into six units
Alibaba Group Holding Ltd has on Tuesday announced it plans to divide its business into six main units that will focus on…
Walt Disney begins lay off 7,000 workers
Alex Omenye Entertainment company, Walt Disney has begun to lay off 7,000 employees on Monday. According to the letter sent to employees…
Top aircraft maker Diamond considers investment in Nigeria
A leading aircraft manufacturer, Diamond Aircraft, has announced its plans explore the market potentials in Africa and establish strong presence in Nigeria.…
First Citizens to buy part of collapsed Silicon Valley Bank
The U.S. Federal Deposit Insurance Corporation said Monday that First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and…
Germany transport workers to strike over high inflation
Germany’s transport staff are set to begin the largest strikes in decades on Monday, which will severely disrupt mass transport and airports.…
Japan’s Consumer Price Index rises by 3.1%
Japan’s Consumer Prices Index rose by 3.1% year-on-year in February, which is a slower rate than the four-decade highs seen in previous…
How Ford’s EV business lost $2bn in 2022 – Report
Ford Motor Company announced on Thursday that its electric car business lost $2.1 billion in operational profit last year, which was more…
Strikes hit France over President Marcon’s pension reforms
President Emmanuel Macron on Wednesday announced his intention to proceed with a controversial pension reform, prompting hundreds of thousands of citizens to…
FEC approves N454bn for rail transport, others
The Federal Executive Council on Wednesday approved a sum of N453.90bn for the purchase of rolling stock, operation, and maintenance equipment for…
TEF’s entrepreneurs generates $2.3bn since 2015
The Tony Elumelu Foundation has trained and provided support to African entrepreneurs, who have collectively earned $2.3 billion in revenue since 2015.…
US drivers to sue GM over faulty vehicle transmission
A federal judge in Detroit, United States has approved a class-action lawsuit brought by drivers in 26 states against General Motors, claiming…