Room With A View: Investors Check Out Italy’s Top Hotels
International investors are casting an eye over some of Italy’s grandest hotels whose family owners may be persuaded to part…
Month: March 2021
Futures Rise As Spike In Bond Yields Eases
U.S. stock index futures edged higher on Friday following a steep pullback in the prior session as bond yields withdrew…
UK’s Taylor Wimpey, Countryside Asked To Drop Unfair Ground Rent Terms
British homebuilders Taylor Wimpey and Countryside Properties must remove contract terms that lock leaseholders into rents that double every 10…
Nearly A Dozen Countries Resume AstraZeneca Shots After EU, UK Regulators Say Benefits Outweigh Risks
Nearly a dozen countries resumed use of AstraZeneca’s COVID-19 shots on Friday as EU and British regulators said the benefits…
Don’t Spend Over $1.5bn Embalming On A Dead Refinery – Dino Melaye Tells Buhari
Former Senator representing Kogi West Senatorial district, Dino Melaye has also faulted the approval of $1.5bn for the renovation of Port Harcourt…
Kano Consumer Council Impounds N300m Expired Drugs
THE Kano State Consumer Protection Council on Thursday confiscated fake drugs worth over N300 million following raids on a warehouse…
Rivers Court Denies Dutch Couple Bail Over $330,000 Oil Vessel Fraud
A Federal High Court sitting in Port Harcourt, Rivers State, on Thursday denied a Dutch national, Pieter Borremans and his…
Sirika Seeks Private Sector Support For Aviation Infrastructure
Minister of Aviation, Hadi Sirika, has stressed the need for Nigeria to attract private investors that will support the funding…
British Airways Considers Selling Its Headquarters After Homeworking Switch
British Airways said it was considering selling its headquarters building because of a switch to homeworking during the pandemic means…
Benchmark German Bonds Rise, Set To End Week Unscathed From U.S. Sell-Off
AMSTERDAM, March 19 (Reuters) – Benchmark German bonds rallied on Friday, tracking U.S. Treasuries, and were set to end the…
Oil Steadies After Sell-Off As Demand Doubts Persist
Oil prices steadied on Friday, but were down 8% for the week, after an overnight sell-off as a new wave…
Consumers Lament Tariff Increment Amidst Economic Downturn
Prepaid electricity consumers have decried increase in tariff endorsed by the Nigerian Electricity Regulatory Commission (NERC). They said it was…
Autonomous Driving Startup Momenta Raises $500 Million From SAIC, Toyota, Others
Chinese autonomous driving startup Momenta said on Friday it has received $500 million from SAIC Motor, Toyota Motor and auto…
Bank Of America’s Summer Internship Program To Be Virtual
Bank of America Corp said on Thursday its 10-week summer internship program for 1,800 interns will be held virtually, as…
Bond Managers Say Pace Of Rise In U.S. Bond Yields ‘Unsettling’
The recent pace of the rise in yields in the U.S. Treasury market has been unsettling, according to several major…
Starbucks Shareholders Reject CEO Pay Proposal In Rare Move
Starbucks shareholders voted against the company’s CEO pay proposal in a rare move that may indicate some shareholders think the…
US-China Talks Could End Up Inflaming Trade Tensions
Senior officials from the United States and China are meeting in person on Thursday for the first time since US President Joe…
DPR Remits N2tn to Federal Government, Seals 11 Filling Stations
The Department of Petroleum Resources on Thursday announced that it generated over N2tn for the Federal Government in 2020, as…
Foxconn In Talks With Vietnam’s Vinfast On Electric Car Partnership
Taiwan’s Foxconn is in early stage talks with Vietnamese carmaker VinFast about partnering in electric vehicles, two sources familiar with…
Swedish EV Charging Company Charge Amps Raises $15 Million
Swedish maker of electric vehicle charging solutions, Charge Amps, said on Friday it had raised 130 million crowns ($15.3 million)…
Oil Extend Losses Amid Gloomy Demand Outlook
Oil prices fell on Friday for a sixth day in a row, down nearly 9% for the week, as a…
Greensill Creditors Made Over $1.4 Billion In Claims In Australia Meeting: Administrator
Administrators of collapsed British supply chain financier Greensill said on Friday 34 creditors submitted claims of more than A$1.75 billion…
Austin On Mission To Deepen India-US Ties, Urged To Raise Russia Deal
Defense Secretary Lloyd Austin was urged by a senior U.S senator to convey Washington’s opposition to India’s proposed purchase of…
Twenty Years On, EU Turns Cold On Mercosur Trade Deal
As the European Union looks forward to a fresh start with the United States under a new president, it is…
China’s Small Tech Firms Step Out Of The Shadows As Giants Reel From Regulatory Crackdown
One firm’s loss is another’s gain. China’s smaller technology companies and investors are eager to seize the day as a…
Dollar Falters As Fed Dashes Early U.S. Rate Hike View
The U.S. dollar fell on Wednesday, after the Federal Reserve said it does not expect to raise interest rates through…
Japanese Judiciary Sends Conflicting Signals To Nuclear Industry
Japanese courts delivered conflicting rulings on two nuclear reactors on Wednesday, lifting an injunction on one and slapping a no-restart…
Nokia Sees Its Comparable Operating Margin Growing To 10-13% In 2023
Finnish telecom equipment maker Nokia sees its comparable operating margin growing to 10-13% in 2023, it said on Thursday. Nokia…
Pakistani Province Plans To Build Pilot Crypto Currency Mining Farms
The Pakistani province of Khyber Pakhtunkhwa is planning to build two hydroelectric-powered pilot “mining farms” to capitalise on a bullish…
Britain Sets Sights On ‘Big Four’ Auditors In Market Shake-Up
Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud…