Economy
China's BYD to open electric car plant in Turkey
China's electric vehicle giant BYD will open a factory in Turkey, a government source told AFP on Monday, as the company continues its international expansion. "BYD will open a plant in Turkey," the source said, adding the details would be announced by President Recep Tayyip Erdogan.
Tourist numbers in Portugal hit record in 2023
Foreign tourists flocked to Portugal in record numbers in 2023 with 26.5 million visitors -- a 19.2 percent jump compared to the year before, the country's National Statistics Institute said Monday. According to the institute, 5.7 million visitors were from Spain followed by Britain and France, with close to three million tourists each.
Boost for naira as Nigeria’s foreign reserves rise to $34.7bn, increases by $110m in 24 hours
Nigeria's external reserve has risen by $110 million in 24 hours, hitting $34.7 billion. The foreign exchange rate reserves have also increased by $316m in July.
CBN reacts After Dangote tackles apex bank over high interest rate
The Central Bank of Nigeria's governor, Olayemi Cardoso, has stated that the bank will soon be able to slow down the rate at which the benchmark interest rate grows.
Carlsberg quaffs British soft drinks maker Britvic for £3.3 bn
Danish brewer Carlsberg on Monday said that it had reached a deal to buy British soft drinks manufacturer Britvic for £3.3 billion ($4.2 billion). The announcement came little more than two weeks after the maker of the fruit drink Robinsons squash rejected a takeover approach worth £3.1 billion from Carlsberg, arguing that it significantly undervalued the firm.
Boeing, DoJ reach deal over MAX crashes case
Boeing said Monday it had reached a deal with the US Department of Justice over two fatal 737 MAX crashes, which court papers show would see the aviation giant plead guilty to fraud. Court papers filed in Texas on Sunday said the company had agreed to plead guilty to "conspiracy to defraud the United States" during the certification of MAX airplanes.
Boeing says 'reached agreement' with DoJ over 737 MAX crashes
Boeing on Monday said it had "reached an agreement" with the US Department of Justice over two fatal 737 MAX crashes more than five years ago. "We have reached an agreement in principle on terms of a resolution with the Justice Department, subject to the memorialization and approval of specific terms," Boeing told AFP in a statement.
Euro slips in Asian trade after snap French poll
The euro slipped in Asian trade on Monday after snap French elections in which a hung parliament appeared the likeliest outcome, as markets in the region searched for direction after Wall Street closed the previous week on a strong note.
South Korea Samsung workers start strike: union chief
Workers at South Korean tech giant Samsung began a three day general strike Monday, the head of a union representing tens of thousands of employees told AFP, after talks with management broke down. "The strike has started from today," Son Woo-mok, head of the National Samsung Electronics Union, told AFP, adding that a major rally was scheduled later in the day.
Economy
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