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Australia Power Crisis Forces Manufacturers To Eye Offshore Moves, Production Cuts
Australia's biggest building materials manufacturers are cutting back operations, hiking prices and considering…
U.S. Factories Pop Up To Make Medical Gloves, Spurred By Pandemic
Rising from a muddy field on the outskirts of the small town of Fayette. Alabama is a bricks-and-mortar symbol of…
U.S. Labor Market Remains Right; Business Activity Slowing By Lucia Mutikani
The number of Americans filing new claims for unemployment benefits edged down last week as labor market…
Musk Says Tesla’s New Car Factories ‘Losing Billions Of Dollars’
Tesla Inc's (TSLA.O) new car factories in Texas and Berlin are "losing billions of dollars" as they struggle to…
U.S. Bans Sales Of Juul E-Cigarettes, Company To Seek Stay
Sales of Juul e-cigarettes were jam by the U.S. Food and Drug Administration; in a major blow to the once…
Hedge Fund Citadel To Move Headquarters To Miami From Chicago
Citadel, the $51 billion hedge fund founded by billionaire investor Ken Griffin, is moving its global headquarters…
EXCLUSIVE Nike To Make Full Exit From Russia
Nike (NKE.N) is making a full exit from Russia three months after suspending its operations ther; as the pace of…
Russia Sent Dollar-Eurobond Coupon Payouts To NSD In Roubles – Fin Ministry
MOSCOW, June 23 (Reuters) - The Russian finance ministry said it had fulfilled its obligations on two issues; of…
Cisco, Nike Quit Russia, As Pace Of Western Firms Leaving Speeds Up.
U.S. companies Cisco Systems (CSCO.O) and Nike (NKE.N) plan to fully exit Russia; the two firms told Reuters on…
As Russia Cuts Gas, German Industry Grapples With Painful Choices
The German companies that drive Europe's biggest economy are contemplating painful cuts to their output and…
Cristiano Ronaldo Partners With Binance On NFT Deal
Football superstar and six-time Ballon d’Or winner, Cristiano Ronaldo, has signed an exclusive multi-year…
Neveah Limited Issues N5.7 Billion Series 3, Series 4 Commercial Paper Programme
Neveah Limited has announced the quotation of its Series 3 and Series 4 Commercial Paper Issuances on the FMDQ…
Canada’s Inflation Jumps 7.7% In May, The Highest Since January 1983
Canada’s annual inflation rate skyrocketed to 7.7% in May 2022, the highest since January 1983.This was disclosed…
Samsung Australia Fined $9.7 Mln Over False Water-Resistance Claims.
Australia's competition regulator said on Thursday a court ordered the local unit of Samsung Electronics…
FG, World Bank, AFD To Spend $575m On Rural Roads
The Federal Government has signed a tripartite agreement with the World Bank and the French Development Agency.…
Airfares Surge By 52% Over Forex, Jet-A1 Crisis
The National Bureau of Statistics data says that in the past 12 months. The average airfare paid by passengers on…
Manufacturers Reduce Investment By 61%, Borrowing Cost Hits 22%
Nigerian manufacturers reduced their investments in the economy by 61% between 2018 and 2021. This from economic…
Russian Rouble Firms To 7-Year High Past 53 Vs Dollar In Moscow Trade.
The rouble jumped on Wednesday to its strongest mark in seven years against the dollar and euro. Supported by…
UK Inflation Hits 40-Year Record, Highest In G7
Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month. The highest rate…
Rolls Royce Offers Cash To Workers Facing High Cost Of Living.
About 70% of the UK employees will get 2,000 pounds($2,458) from British aviation engine manufacturer Rolls-Royce…
French Spirits Industry Sees Inflation Giving 2022 Bitter Taste
The French spirits industry faces a tough year due to geopolitical constraints, soaring inflation, and COVID-19…
Global Luxury Outlook Still strong, Sales To Grow At Least 5% This Year…
Sales of luxury goods will rise at least 5% this year as shoppers in the United States and Europe continue to snap…
Anticipating U.S. Downturn, Elon Musk Details Tesla Staff Cuts
Elon Musk, CEO of Tesla (TSLA.O) says a 10% cut in salaried staff at the electric car maker will happen over three…
U.S. Chamber Of Commerce, Others Warn of Impracticalities In EU Subsidy Plan
European Union legislation targeting foreign state-backed buyers of European companies was prompted by fears of a…
Stocks Squeeze Out Slim Gains, Dollar Climbs As Inflation Soars
European stocks made slim gains on Wednesday, with the dollar strengthening as investors fretted over soaring…
Cardano Is Now 6th Most Valuable Crypto Following Vasil Hard Fork.
Cardano has also seen gains in the last seven days, with its price rising by 14%. As a result of its recent…
German Retail Sales Drop In April As Food Prices Bite.
German retail sales fell by more than expected in April as consumers feel the pinch of higher prices. Especially…
Walmart To Add 4,000 Jobs With Four New U.S. Fulfillment Centers.
Walmart Inc announced plans to open four new fulfillment centers in the United States over the next two years.…
Ripple Aims To Acquire Additional Projects Despite Crypto Winter.
Ripple CEO, Brad Garlinghouse said the San Francisco-based payments company will explore acquiring additional…
Japan Passes Stablecoin Bill Focused On Investor Protection
A Northeast Asian country, Japan, becomes one of the first major economies to introduce a legal framework…