Month: May 2022

Britons’ visits to supermarket stores rose 7% year-on-year in the four weeks to May 21. As they shopped around for the best prices amid a worsening cost of living crisis,…

The plan aims to combine TIM’s fixed network with that of CDP-controlled broadband rival Open Fiber as CEO Pietro Labriola looks to revive TIM’s fortunes via a full-blown split of…

Taraba, Kogi and Kebbi States recorded the highest air transport charges for specified routes single journey in April 2022. This was disclosed by the National Bureau of Statistics (NBS) in…

FIRST CITY Monument Bank has said it now offers auto loans of up to N30m at a reduced interest rate to encourage and simplify vehicle ownership for personal use for…

Japan’s consumer confidence index rose in May for a second straight month, the government said on Tuesday, as households enjoyed the first restriction-free spring holiday season since before the COVID-19…

GSK (GSK.L) said on Tuesday it would pay up to $3.3 billion to acquire privately held biopharmaceutical firm Affinivax to bolster its vaccine pipeline, a key area of focus as…

Russia became the fourth-largest oil supplier to India in April. Russia’s share in India’s oil purchases rose to a record 6%, about 277,000 barrels per day in April. Indian Oil…

U.S. private-equity firm KKR has agreed to buy London-listed power generation company ContourGlobal (GLO.L) for 1.75 billion pounds ($2.16 billion) in an effort to expand its presence in renewable energy.…

Ukraine will not reopen the Sokhranovka gas transit route from Russia to Europe until Kyiv obtains full control over its pipeline system, the head of operator GTSOU told Reuters on…

Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China’s Xiaomi Corp in February as part of an investigation into alleged tax evasion. The…

Tesla Inc on Wednesday made its first exports from China, since reopening its Shanghai factory on April 19. A shipment of 4,767 cars left for Slovenia, the government-backed media outlet…

Oil marketers have said that the fuel scarcity being experienced in Abuja will not spread to Lagos State and other parts of the country. The former Executive Secretary, MOMAN, Clement…

Universal Insurance Plc may soon join the firms that have met the new capital base of N10 billion ordered by the National Insurance Commission (NAICOM), the CEO, Benedict Ujoatuonu, has…

The small businesses will have to be in operation for two years, have a minimum issued share capital of Sh10 million, and can only borrow four times the level of…

The shilling closed trading at Sh116.1 to the dollar, compared to Tuesday’s Sh115.99 and has depreciated from Sh113.13 at the start of the year. The weakening of the shilling has…

Tanzania banned sugar from Uganda in 2019, saying the imports originated from third-party countries.Presidents Samia Suluhu and Yoweri Museveni agree on sugar, ARVs and truck fees. Tanzania will resume buying…

Telecommunication companies had recently proposed a 40% hike in the cost of calls, SMS, and data. This is as a result of an unfavourable operating environment. According to the president…

Greece and the United Arab Emirates (UAE) agreed to jointly fund investments worth 4 billion euros ($4.2 billion) in the Mediterranean country and explore further cooperation in the energy sector,…

U.S. wholesale inventories increased solidly in March, though the pace slowed from the prior month amid rising sales, government data showed on Monday. The Commerce Department said wholesale inventories rose…

IKEA retailer Ingka Group is spending $3.2 billion through 2023 on new and existing stores, much of it to modify its trademark out-of-town outlets so they can double up as…

Most Gulf stock markets fell in early trade on Monday, tracking subdued global shares on rate worries, while a tightening lockdown in Shanghai stoked concerns about global economic growth and…

Already sitting on double-digit losses this year, stock market investors must brace for more. As the realisation sinks in that the U.S. Federal Reserve intends to tighten financial conditions to…

Britain on Thursday revoked the Moscow Stock Exchange’s (MOEX) status as a recognised stock exchange. Britain grants recognised status to some exchanges, which allow the securities traded on them to…

Shell (SHEL.L) on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices. The last of the energy majors to report results, Shell joins…

PPF Group will install investor Jiri Smejc as its new chief executive from June 15.PPF has assets worth around 40 billion euros ($42.2 billion)spanning continents and sectors. Its founder, Petr…

Russia’s central bank provided banks with all 550 billion roubles ($7.99 billion) on offer at a one-week repo auction on Wednesday, facing demand of 1.3 trillion roubles, in a move…

Robinhood Markets Inc (HOOD.O) on Wednesday said it launched a fully-paid securities lending program, which lets the online broker’s users lend out shares they own through the popular app to…

As shoppers pay more for anything from coffee to ketchup, some retailers have started to cut or cap the price of hundreds of products. As they compete for customers and…

Telecommunication companies are proposing a 40% increase in the cost of calls, SMS, and data to the Nigerian Communications Commission as a result of the rising cost of running a…