Ademola Adeleke, governor of Osun state, has snubbed the ruling APC after resigning from the PDP. Adeleke officially announced his new party on Tuesday.
Nigeria’s new tax law modernises administration, strengthens compliance, imposes fines and jail for offences, while reducing tax burdens for most citizens.
TotalEnergies said Tuesday it had reached a deal to become a partner in the Mopane oil field off the coast of Namibia, where exploration remains underway. The deal will see TotalEnergies take a 40 percent stake in the petroleum exploration licence that includes Mopane.
India's biggest airline IndiGo said Tuesday its operations had stabilise after it cancelled thousands of flights, triggering days of airport chaos last week. "Our on-time performance is... back to normal levels," an IndiGo statement said, adding the airline was operating more than 1,800 flights on Tuesday, and planned to "fly nearly 1,900 flights" on Wednesday.
FG has reduced signature bonuses for the 2025 oil licensing round to make entry easier and attract investors seeking Petroleum Prospecting Licences.
Global technology giant Microsoft announced on Tuesday plans to invest $17.5 billion to help build India's artificial intelligence infrastructure, with CEO Satya Nadella calling it "our largest investment ever in Asia".
Production in Germany's key engineering sector plunged for a third straight year in 2025 as firms were squeezed by US tariffs and fierce Chinese competition, an industry group said Tuesday. An even bigger challenge was competition from Chinese companies that are increasingly rivalling German firms in more and more sectors, and in some cases benefitting from government subsidies, the VDMA warned.
France's social security bill was to go to a vote in parliament Tuesday, in a key hurdle for Prime Minister Sebastien Lecornu after he pledged to deliver a 2026 budget by year-end. On Tuesday afternoon, the lower house of parliament was to vote on the social security bill, which includes postponing the pensions reform until 2028, after the end of Macron's term in office.
Britain's railways will feature trains painted in the red, white and blue of the nation's Union Flag as underperforming train operators return to state ownership, the UK government announced Tuesday. Owing to poor service, some train operators already entered state ownership under the previous Conservative government.
BMW said Tuesday its head of production Milan Nedeljkovic will take over as chief executive as the German auto giant contends with challenges ranging from the electric shift to Chinese competition. Nedeljkovic currently oversees the group's factories worldwide, which produce both electric and combustion engine models on the same production lines.
EU reassurances over its plan to use frozen Russian assets to help fund Ukraine have failed to quell worries about the untested scheme, the organisation holding most of the funds told AFP. "We've made very, very clear that we still have concerns," Guillaume Eliet, chief risk officer at Brussels-based clearing house Euroclear, told AFP in an interview.
Economy
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