U.S. Lawmakers Seek 20% Boost In Foreign Affairs Budget, With Eye On China
Four Democratic U.S. lawmakers on Tuesday proposed an increase of $12 billion in the country’s foreign affairs budget, hoping to…
Central Bank Of Nigeria Introduces New Charges For USSD Services
The apex bank said from Tuesday customers will pay a flat fee of N6.98 per transaction every time they use…
Private Equity Investors Fret Over Record U.S. Buyout Prices
Private equity firms are paying more for leveraged buyouts to keep pace with soaring valuations of acquisition targets, making some…
Tech Stocks Lift S&P 500, Nasdaq As Fed Meeting Kicks Off
The S&P 500 hit an all-time high on Tuesday while the Nasdaq touched a two-week peak as technology stocks caught…
Poland, Hungary Win Court Fight Over Turnover Taxes
Europe’s top court ruled on Monday that Polish and Hungarian taxes on turnover targeted by the EU Commission for giving…
Hedge Fund Indaba Capital Nominates Two To Benefit focus Board
Hedge fund Indaba Capital has nominated two directors to Benefitfocus Inc’s board five weeks after publicly calling on the benefit…
Activist Toshiba Shareholders Tipped To Win Crucial Vote On Independent Probe This Week
In a watershed moment for Japanese corporate governance, Toshiba Corp shareholders will vote this Thursday on whether there should be…
I Wish Dangote Refinery Existed Years Ago – Okonjo-Iweala
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, said Nigeria would have started producing its own refined…
Investors Value China’s Ant Group At Over $200 Billion After IPO Halt – Sources
Some of Ant Group’s global investors have valued the Chinese fintech firm at over $200 billion based on its 2020…
Rogers’ ‘Sweeteners’ For $16 Billion Shaw Takeover May Test Canadian Regulatory, Political Patience
Rogers Communications Inc’s efforts to secure its C$20 billion ($16 billion) acquisition of Shaw Communications Inc could be insufficient to…
Federal Government Inaugurates National Livestock Breed Improvement Programme
The Federal Government on Monday inaugurated the National Livestock Breed Improvement Programme with the aim of curbing incessant clashes between…
Fintech Company Flutterwave Announces Partnership With PayPal
Flutterwave, the $1bn fintech company founded by Nigerian-born Silicon Valley enthusiast, Olugbenga Agboola, has announced a new partnership with global…
Naira Exchanges For N481/$ At Parallel Market
The naira on Monday exchanged for N481/$ at the parallel market. At the Exporter & Importer forex window, the exchange…
Inflation Hits 17.33% — Highest In Four Years
The consumer price index, which measures the rate of increase in the price of goods and services, increased to 17.33…
AFL-CIO Urges U.S. To Block Imports Of Solar Products From China’s Xinjiang
The leader of the AFL-CIO, the largest U.S. labor federation, is calling on the Biden administration and Congress to stop…
Asia’s Fuel Exporters Target Sales Bump As Refineries Shut Down Under
Asian fuel exporters are hungrily eyeing Australia as the country’s shutdown of almost all its refineries creates a bright demand…
Investment In Clean Energy to Hit $131 Trillion By 2050 Agency Says
Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic…
Germany’s Bafin Submits Insolvency Filing To Wind Up Greensill Bank, Court Says
Germany’s financial regulator Bafin has submitted a filing to a court in Bremen to start insolvency proceedings for Greensill Bank,…
Germany Bets U.S. Will Make The Best Of ‘Bad Deal’ Nord Stream Gas Link
Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian…
Nokia To Cut Up To 10,000 Jobs Over Next Two Years
Finnish telecoms group Nokia said on Tuesday it plans to cut between 5,000 and 10,000 jobs within the next two…
AstraZeneca CEO Is ‘On A Hot Seat’: French Govt.
The chief executive of AstraZeneca – whose COVID-19 vaccine has been temporarily suspended in several European countries – is “on…
Citing Tailwind, Volkswagen Targets Profit Recovery
Volkswagen is confident that cost cuts will help it raise profit margins in the coming years, the world’s second-largest carmaker…
Zalando Aims For More Than 10% Of Europe Fashion Market
German online fashion retailer Zalando said it aims to capture more than 10% of the 450 billion euro ($536.54 billion)…
Brexit Won’t Mean Lower Capital For Insurers, Says Bank Of England
A review of rules for the insurance sector after Brexit will take time to complete, but it will not lead…
Brent Crude Heads Toward $70 As China Energy Demand Outlook Brightens
Oil prices rose on Monday, with Brent heading toward $70 a barrel, as data showed China’s economic recovery accelerated at…
Suspension Of AstraZeneca Shots Is ‘Political Decision’: Italy’s Medicines Regulator Head
The decision by Germany, France and Italy to suspend AstraZeneca’s COVID-19 shots after several countries reported possible serious side-effects is…
European Markets Set To Open Higher On Recovery Hopes; Fed In Focus
European stocks are expected to open higher Tuesday as market attention focuses on the global economic recovery and the latest…
Fed Likely To Pen Rosier Forecasts, But No Policy Shift Expected
Federal Reserve policymakers are expected this week to forecast that the U.S. economy will grow in 2021 at the fastest…
Asian Stocks Follow Wall Street Higher Ahead Of Fed Meeting
An index of the region’s share markets excluding Japan strengthened 0.7%, led by a 1.2% jump in Australia’s benchmark S&P/ASX…
News Corp Inks Australia Facebook Deal, Signalling Truce After Blackout
Rupert Murdoch’s News Corp reached a content-supply deal with Facebook Inc in Australia, the companies said on Tuesday, a step…