Category: Business

Senate extends 2022 budget implementation 

The Senate has extended the implementation period of the capital component of the 2022 budget...

Gold prices rise as US dollars dip

Gold prices edged higher on Tuesday, despite the presence of higher bond yields and waning...

EU approves law to end CO2 emitting cars 

The energy ministers of European Union countries on Tuesday granted their final approval for a...

Alibaba to split business into six units 

Alibaba Group Holding Ltd has on Tuesday announced it plans to divide its business into...

Walt Disney begins lay off 7,000 workers

Alex Omenye Entertainment company, Walt Disney has begun to lay off 7,000 employees on Monday....

Top aircraft maker Diamond considers investment in Nigeria

A leading aircraft manufacturer, Diamond Aircraft, has announced its plans explore the market potentials in...

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...

Germany transport workers to strike over high inflation 

Germany’s transport staff are set to begin the largest strikes in decades on Monday, which...

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...

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...

Strikes hit France over President Marcon’s pension reforms

President Emmanuel Macron on Wednesday  announced his intention to proceed with a controversial pension reform,...

FEC approves N454bn for rail transport, others 

The Federal Executive Council on Wednesday approved a sum of N453.90bn for the purchase of...