Mapmaker TomTom To Cut 10% Of Jobs Due To Improved Automation
TomTom (TOM2.AS) will shed around a tenth of its global workforce, the Dutch navigation and digital mapping…
MTN Nigeria Appoints Mroue As Non-Executive Director
MTN board has approved the appointment of Mazen Mroue as a non-executive director of the company effective June 1,…
Power Sometimes Gulps 40% Of Our Production Costs – Manufacturers In Nigeria
The Chairman, Board of Directors, Manufacturers Power Development Company, Ibrahim Usman, speaks on how unstable…
Britons Step Up Supermarket Visits In Search For Value – London
Britons' visits to supermarket stores rose 7% year-on-year in the four weeks to May 21. As they shopped around…
Italy’s CDP May Hold 70-77% Of Combined Broadband Network Under MoU –…
The plan aims to combine TIM's fixed network with that of CDP-controlled broadband rival Open Fiber as CEO Pietro…
Taraba, Kogi, Kebbi States Record Highest Airfares In April 2022
Taraba, Kogi and Kebbi States recorded the highest air transport charges for specified routes single journey in…
FCMB Provides Auto Loans For Vehicle Buyers
FIRST CITY Monument Bank has said it now offers auto loans of up to N30m at a reduced interest rate to encourage…
Japan May Consumer Confidence Improves For 2nd Month
Japan's consumer confidence index rose in May for a second straight month, the government said on Tuesday, as…
Britain’s GSK To Buy Affinivax For Up To $3.3Bln In Vaccines Push
GSK (GSK.L) said on Tuesday it would pay up to $3.3 billion to acquire privately held biopharmaceutical firm…
Bitcoin On Its Way To $32,000 As On-Chain Data Suggests Net Accumulation
Cryptocurrency bulls took over the market on Monday, with Bitcoin leading the charge, fighting its way through the…
Russia Jumps To Fourth Position As Oil Supplier To India, Tanker Data Shows
Russia became the fourth-largest oil supplier to India in April. Russia's share in India's oil purchases rose to a…
KKR Boosts Renewable Power Presence With $2.2Billion deal for ContourGlobal…
U.S. private-equity firm KKR has agreed to buy London-listed power generation company ContourGlobal (GLO.L) for…
Ukraine Will Not Reopen Gas Route Until It Controls Pipeline System
Ukraine will not reopen the Sokhranovka gas transit route from Russia to Europe until Kyiv obtains full control…
India Tax Authority Froze $478 Million Of Xiaomi Funds In February-Sources,…
Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China's Xiaomi Corp in…
Tesla Exports First Cars From Shanghai Since Reopening Plant – Media
Tesla Inc on Wednesday made its first exports from China, since reopening its Shanghai factory on April 19. A…
Fuel Scarcity Won’t Spread To Lagos, Others – Marketers
Oil marketers have said that the fuel scarcity being experienced in Abuja will not spread to Lagos State and other…
Universal Insurance Set For N10b Recapitalisation- Nigeria
Universal Insurance Plc may soon join the firms that have met the new capital base of N10 billion ordered by the…
CMA Sets Tough Rules For Small Firms Issuing Bonds – Kenya
The small businesses will have to be in operation for two years, have a minimum issued share capital of Sh10…
Kenya Shilling For First Time Hits Sh116 Against The Dollar
The shilling closed trading at Sh116.1 to the dollar, compared to Tuesday’s Sh115.99 and has depreciated from…
Tanzania Makes U-turn On Uganda Sugar
Tanzania banned sugar from Uganda in 2019, saying the imports originated from third-party countries.Presidents…
Telcos Propose Tax Review, Others To Avert 40% Tariff Hike
Telecommunication companies had recently proposed a 40% hike in the cost of calls, SMS, and data. This is as a…
Greece, UAE Agree Joint Investments In Energy, Other Sectors
Greece and the United Arab Emirates (UAE) agreed to jointly fund investments worth 4 billion euros ($4.2 billion)…
U.S. Wholesale Inventories Unrevised In March
U.S. wholesale inventories increased solidly in March, though the pace slowed from the prior month amid rising…
IKEA To Spend 3billion Euros On Stores As It Adapts To E-commerce – Sweden
IKEA retailer Ingka Group is spending $3.2 billion through 2023 on new and existing stores, much of it to modify…
Most Gulf Bourses Track Global Shares Lower; Saudi Gains
Most Gulf stock markets fell in early trade on Monday, tracking subdued global shares on rate worries, while a…
Analysis: Markets Must Face Up To Tightening Financial Conditions
Already sitting on double-digit losses this year, stock market investors must brace for more. As the realisation…
United Kingdom Revokes Moscow Bourse’s Status As Recognised Exchange
Britain on Thursday revoked the Moscow Stock Exchange's (MOEX) status as a recognised stock exchange.Britain…
Shell Posts Record Quarterly Profit, Lifted By Energy Price Surge
Shell (SHEL.L) on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas…
Late Czech Billionaire’s Family Taps Longtime Partner Smejc To Run PPF
PPF Group will install investor Jiri Smejc as its new chief executive from June 15.PPF has assets worth around 40…
Russian C.Bank Sells 550 Billion Roubles At One-Week Repo Auction
Russia's central bank provided banks with all 550 billion roubles ($7.99 billion) on offer at a one-week repo…