Google’s Antitrust Trial Set for September 2024
A federal judge in the United States has scheduled a jury trial to begin on September 9, 2024, for a […]
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Business & Finance
UBS Initiates Share Buybacks, Aims for Further Cost Reductions
UBS announced on Tuesday its decision to recommence share buybacks and elevate cost-cutting objectives, citing progress in integrating Credit Suisse
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Societe Generale Announces Plans to Cut 900 Jobs in France Amid Cost-Cutting Measures
Societe Generale, France’s third-largest listed bank, is set to reduce its workforce by approximately 900 jobs in the country this
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Global Job Market Shows Resilience
The world has witnessed a gradual and consistent resurgence in job growth, evident in the addition of jobs in January.
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Importing to Exporting: The Dollar Dilemma and Nigeria’s Path to Earning its Keep
Nigeria, Africa’s most populous nation, faces a complex economic reality: an overreliance on imports while struggling to establish itself as
Importing to Exporting: The Dollar Dilemma and Nigeria’s Path to Earning its Keep Read More »
Amazon Surges as AI Innovations and Retail Strength Drive Revenue Growth
In a remarkable pre-market rally, Amazon.com shares rose by 7% on Friday following the announcement of higher-than-expected holiday quarter sales.
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Japan Urges Caution: Trump’s China Deal Could Jeopardize Regional Stability
Introduction: Japan, a key ally of the United States in Asia, is expressing concerns over the possibility of a trade
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Naira in Crisis: Abuja BDCs Shut Down as Dollar Scarcity Bites
The Nigerian foreign exchange market is facing a major upheaval as Bureau De Change (BDC) operators in Abuja, the nation’s
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China’s New Home Prices Experience Swift Rise Amid Policy Measures
Government Support and Policy Adjustments Contribute to Accelerated Growth China’s real estate market has witnessed a notable surge in new
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Microsoft Surpasses Q2 Expectations with Strong Cloud Business, But Forecasts Slightly Below Estimates
Software Giant Reports Robust Earnings, Highlights AI Achievements In the fiscal second quarter ending December 31, Microsoft (MSFT) exceeded Wall
Naira’s New Home? Unveiling the CBN’s Lagos Relocation
The Central Bank of Nigeria’s (CBN) recent decision to relocate five key departments from Abuja to Lagos has sent shockwaves
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MTN Group Commits $215 Million Infrastructure Investment in Benin
Africa’s Largest Telecom Carrier Aims to Boost Development and Connectivity In a significant move towards enhancing infrastructure and fostering development,
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Walmart Revamps Manager Pay: Now Offering Up to $400,000 Annually Without a College Degree
In a move signaling a major shift in its approach to talent management, Walmart announced today that Supercenter managers can
American Airlines Reshapes Customer Support: Streamlining and Scaling for the Future
In a move aimed at optimizing its customer service operations, American Airlines announced today that it will be “rejigging” its
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Central Bank of Nigeria (CBN): Overview and Functions
Introduction to the Central Bank of Nigeria The Central Bank of Nigeria (CBN) is the apex financial institution in Nigeria,
Central Bank of Nigeria (CBN): Overview and Functions Read More »
Evergrande’s Potential Liquidation: What’s Next and Key Considerations
Amidst the ongoing financial turmoil surrounding China Evergrande, a significant development unfolds as a key offshore bondholder group plans to
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Chinese Investors Seek Refuge in Bitcoin Amid Stock Market Struggles
Amid a prolonged downturn in China’s stock markets, Chinese investors are turning to unconventional avenues, with Bitcoin and other cryptocurrencies
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FAA’s Production Freeze on Boeing MAX Sends Ripples Through Aerospace Industry
The Federal Aviation Administration’s (FAA) unprecedented decision to freeze Boeing’s 737 MAX production expansion is causing concerns in the aerospace
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Saudi Arabia’s Diplomatic Quarter: Opening a New Chapter with First Alcohol Store for Diplomats
In a significant move to reshape its cultural landscape, Saudi Arabia is on the verge of opening its first-ever alcohol
SAP’s Strategic Shift: Embracing AI and Restructuring for the Future
In a bold move to embrace the future of technology, German software firm SAP has announced a major restructuring initiative
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Cryptoverse: Bitcoin’s Wall Street Debut and Maturation
As Bitcoin marked its 15th birthday, it also made a significant entrance onto Wall Street, with 11 U.S. exchange-traded funds
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China’s Market Meltdown: Investor Insights and Reactions
The recent market turmoil in China and Hong Kong has triggered concerns globally as confidence wanes, foreign money exits, and
China’s Market Meltdown: Investor Insights and Reactions Read More »
Shell’s Nigerian Pipeline Spill Sparks Investigation Amid Environmental Concerns
Crude Oil Leak in Niger Delta Triggers Response from Oil Spill Agency In another environmental setback, a pipeline owned by
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Apple Surpasses Samsung: Takes Lead in Global Smartphone Sales
The Shift in Smartphone Dominance In a significant industry development, Apple has emerged as the leading global seller of smartphones,
Apple Surpasses Samsung: Takes Lead in Global Smartphone Sales Read More »
Global Markets Tumble as Central Banks Signal Caution on Rate Cuts
Global markets faced a significant downturn on Wednesday as central banks pushed back against expectations of interest rate cuts, prompting
Global Markets Tumble as Central Banks Signal Caution on Rate Cuts Read More »
TSMC Set to Navigate Q4 Profit Dip of 23%, Anticipates Strong Rebound in 2024 Amid Surging Demand
As Taiwan Semiconductor Manufacturing Co Ltd (TSMC) gears up to unveil its fourth-quarter financial report, analysts anticipate a 23% decline
Unlocking Growth: Global Banks Poised for $7 Trillion Valuation Surge in 5 Years
Boston Consulting Group Identifies Potential for Significant Banking Sector Growth A recent report by the Boston Consulting Group (BCG) suggests
Unlocking Growth: Global Banks Poised for $7 Trillion Valuation Surge in 5 Years Read More »
Nigeria’s Dangote Refinery Achieves Milestone with Commencement of Production
After Years of Delays, Africa’s Largest Refinery Initiates Operations Nigeria’s Dangote oil refinery, located on the outskirts of Lagos, has
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South African Rand Holds Steady Amidst Economic Indicators
Rand Strengthens as U.S. Producer Prices Fall South Africa’s currency, the rand, exhibited strength against the U.S. dollar on Friday,
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China’s 2023 Bank Lending Hits Record High Amidst Economic Struggles
Overview of China’s Bank Lending in 2023 China experienced a surge in new bank lending in 2023, reaching a record
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