New EV Battery Designs Unlikely To Dampen Metals Demand, Miners Say
Mining companies say they do not fear a plan by China’s CATL (300750.SZ) to make an electric vehicle (EV) battery without lithium or other key metals because the new design…
Apple To Roll Out Photo Checking System On Country-By-Country Basis
Apple Inc (AAPL.O) will roll out a system for checking photos for child abuse imagery on a country-by-country basis, depending on local laws, the company said on Friday. A day…
NetEase Delays $1 bln Hong Kong Listing Of Music Streaming Firm – Sources
NetEase Inc (9999.HK) has delayed the $1 billion Hong Kong initial public offering of its music streaming service Cloud Village because of volatile trading in China’s major tech companies, two…
United Airlines Will Require Its 67,000 United State Employees To Get Vaccinated, A First For United State Carriers
United Airlines will require its 67,000 U.S. employees to get vaccinated against Covid by no later than Oct. 25 or risk termination, a first for major U.S. carriers that will…
Flutterwave To Drive US Expansion As It Appoints Silicon Valley Veteran As Head Of US Growth
African payments startup, Flutterwave, has announced the appointment of Jimmy Ku as the Head of US Growth. With plans to offer payment services to US-based clients, local businesses, and companies,…
Nigeria Can Generate Billions of Dollars From Cloud Computing Services To Unlock Growth Opportunities
The Director General/CEO, National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi has stated that Nigeria can generate huge sums of money, running into billions of dollars from cloud computing…
Experts Proffer Solutions For Nigeria’s Economic Recovery In Q2′ August 6, 2021
Some economists on Thursday said that unlocking Nigeria’s dead capital in residential real estate, agriculture and driving its export diversification agenda would catalyse the nation’s economic recovery. They spoke at…
Technology Is Shaping The Future Of Food But Practices Rooted In Tradition Could Still Have A Role To Play
From oranges and lemons grown in Spain to fish caught in the wilds of the Atlantic, many are spoiled for choice when it comes to picking the ingredients that go…
Analysis: Democrats See Chance To Reset Wall St. Oversight When Top Fed Official Steps Down
The looming exit of the Federal Reserve’s top regulatory official will give Democrats an opportunity to reverse the central bank’s Wall Street-friendly course without ditching Chair Jerome Powell when his…
‘New $6.2b Euro Bond Defies DMO’s Plan For Concessionary Loans’
Erudite Economist and professor emeritus, Olu Ajakaiye has expressed shock and disbelief that the Debt Management Office (DMO) has resorted to borrowing $6.2 billion fresh capital from the international capital…
Nigeria Labor Congress Demands Electricity Tariff Reduction Agreement Implementation By December Kindly Share This Story:
The Nigeria Labour Congress has said the Federal Government must implement by December the agreement to reduce electricity tariffs by N15 per kilowatt-hour. The congress cautioned that it would not…
UK House Prices Return To Growth In July – Halifax
British house prices rose in July after falling in June as demand for bigger homes following pandemic lockdowns helped to soften the impact of a reduced tax break for buyers,…
London Stock Exchange Sales Rise As Refinitiv Integration Motors On
London Stock Exchange Group (LSEG.L) reported a rise in first-half revenue on Friday, flagging progress integrating data giant Refinitiv and rewarding investors with a dividend increase. Its shares were up…
Heirs Life, Insurance, Promise Efficient Service Delivery
Heirs Insurance Limited and Heirs Life Assurance, have confirmed that customers are now able to purchase insurance policies from their websites in mere minutes. The company in a statement said…
Credit Suisse To Repay Another $400 Mln To Greensill-Linked Fund Investors
Credit Suisse (CSGN.S) will repay another $400 million to investors in its Greensill-linked supply chain finance funds, the Swiss bank said on Friday. The payout, planned for Friday, is the…
Stock Market Ends Five-day Rally, Investors Lose N66bn
Investors in the equities market of the Nigerian Exchange Limited lost N65.18bn on Thursday, ending a rally that spanned five consecutive days. The NGX All-Share Index closed at 38,801.51 basis…
10-Year Treasury Yield Tops 1.23% Ahead Of Key Jobs Report
The 10-year U.S. Treasury yield topped 1.23% early on Friday, ahead of the Labor Department’s highly anticipated jobs report due out later in the morning. The yield on the benchmark…
Huawei Chairman Says The ‘Aim Is To Survive’ As Revenue Slides 30%
The chairman of Huawei said the Chinese technology company’s “aim is to survive” as revenue fell almost 30% in the first half of the year. The Shenzhen-headquartered company, which was…
Shares Of Indonesian E-Commerce Company Bukalapak Jump 25% In Stock Market Debut
Shares of Indonesian e-commerce firm Bukalapak jumped nearly 25% in their trading debut Friday — from an initial public offering price of 850 rupiah($0.059) to 1,060 rupiah. As investors piled…
European stocks flat as investors track earnings, Covid-19 and economic data
European markets were muted on Friday morning as investors monitored a fresh round of corporate earnings and the global spread of the delta Covid-19 variant. The pan-European Stoxx 600 hovered…
The World’s Largest Container Shipping Firm Posts Soaring Second-Quarter Earnings
Maersk, the world’s largest container shipping firm, has posted a sharp increase in second-quarter earnings as congestions and bottlenecks continue to drive up shipping rates. The company on Friday reported…
U.S. FTC Says Facebook Misused Privacy Decree To Shut Down Ad Research
The U.S. Federal Trade Commission criticized Facebook Inc (FB.O) on Thursday for making “misleading claims” to explain why it had disabled the accounts of researchers studying political ads on the…
Qualcomm Tops Magna’s Bid With $4.6 Billion Offer For Veoneer
Chipmaker Qualcomm Inc (QCOM.O) said on Thursday it had offered to buy Swedish auto parts maker Veoneer Inc (VNE.N) for $4.6 billion, an 18.4% premium to a bid in July…
Robinhood Shares Dive 27.6%; Filing Sparks Worries Early Investors could Sell
Shares of Robinhood Markets Inc (HOOD.O) tumbled on Thursday, snapping a four-day winning streak, after the newly public online brokerage said early investors may sell nearly 98 million shares. Robinhood’s…
Cooling Measures Doing Little To Slow New Zealand’s Housing Boom
Desperation among homebuyers is pushing New Zealand house prices to record highs, overpowering the government’s efforts to rein in the red-hot market and putting in jeopardy a key policy promise…
Nelson Peltz To Step Down From P&G Board
Procter & Gamble Co (PG.N) said on Thursday activist investor Nelson Peltz would step down from the company’s board at the end of his term later this year. The consumer…
Analysis: Private Equity Struggles To Get In On $1 Trillion U.S. Infrastructure Bonanza
Private equity firms are fretting that a long-awaited $1 trillion infrastructure bill under negotiation by U.S. lawmakers will not create enough opportunities for them to invest in lucrative assets such…
Fed’s Kashkari: Delta May Throw Wrinkle Into Taper Plan
Minneapolis Federal Reserve President Neel Kashkari on Thursday said the highly transmissible Delta variant of the novel coronavirus could throw a “wrinkle” into the labor market recovery and the timeline…
Asian Shares Fall As Delta Variant Casts Shadow Over Growth
Asian shares failed to catch a firm lead from a bumper Wall Street session on Friday as the spread of the Delta variant of the coronavirus across the region heightened…
Nigeria: Confusion As Emirates Says Nigerian Flights Remain Suspended
Emirates’ flights to and from Nigeria will remain suspended until 15 August 2021, the United Arab Emirates (UAE) carrier, has said. This negates the earlier announcement by the UAE authorities,…