Economy
Boeing chief to acknowledge 'serious missteps' at US Senate hearing
The head of US aerospace giant Boeing will on Wednesday tell senators that the company has made "serious missteps in recent years" and commit to restoring consumer and investor confidence, according to an advance copy of his remarks.
Tesla sales tumble in Europe in the first quarter
Tesla sales kept falling in March in many European markets as it suffered from a double blow of boycotts against the policies of its founder Elon Musk and an ageing model line-up. Stephanie Valdez Streaty of Cox Automotive said that it was "undeniable that Elon Musk is an influential factor whose actions affect the brand's image and sales".
No 'eye for an eye' approach to US tariffs: Mexico
Mexican President Claudia Sheinbaum said Tuesday there will be no "eye for an eye" approach as the country braces for new US import tariffs kicking in this week. But Sheinbaum said Tuesday "we do not believe in an eye for an eye, a tooth for a tooth, because that always leads to a bad situation."
US seeks death penalty for accused killer of insurance CEO
US Attorney General Pam Bondi on Tuesday asked federal prosecutors to seek the death penalty for Luigi Mangione, who allegedly gunned down an American health care CEO in a brazen attack. "After careful consideration, I have directed federal prosecutors to seek the death penalty in this case."
Trump puts world on edge as 'Liberation Day' tariffs loom
Donald Trump had the world's leading economies on edge Tuesday as the US president prepared to unveil a promised raft of tariffs that could trigger a cascading global trade war. - 'Tough' - Critics warn that the strategy risks a global trade war, provoking a chain reaction of retaliation by major trading partners like China, Canada and the European Union.
UK vows £20 million to boost drone and 'flying taxi' services
The UK government said Tuesday it had pledged £20 million ($25.8 million) to help commercial drone services and "flying taxis" take off in Britain. There have been several pilot schemes in the UK too -- from island postal services to rapid blood sample transport -- but commercial drone deliveries have been slower to get off the ground.
Ford's US auto sales dip in first quarter as tariffs loom
Auto giant Ford reported a slight drop in first quarter US sales Tuesday, while investors await details of President Donald Trump's upcoming tariffs this week and assess the effects of duties on major carmakers. But economists warn that Trump's sweeping tariffs on autos and parts, over time, could cause average auto prices to surge by thousands of dollars.
Windfall Tax: Zenith Bank, GT, UBA, 6 others pay N205 billion as other banks drag feet
The windfall tax means that banks have to remit 70% of profits made from FX transactions in the 2023, 2024 and 2025 financial year. Zenith bank is in the lead.
UK Supreme Court opens car loans hearing as banks risk huge bill
The UK's highest court on Tuesday began a hearing to determine whether controversial car loans were unlawful, in a case that could cost banks billions of pounds in compensation. Banks are appealing a landmark ruling by a Court of Appeal in November that deemed it unlawful for car dealers to receive a commission on loans without sufficiently informing borrowers.
Economy
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