Economy
Air France says Olympic Games has cut summer traffic to Paris
Air France-KLM warned Monday that the Olympic Games would lead to a drop in revenues of up to 180 million euros ($193 million), due to a decline in travel to Paris over the summer. One of the official partners of the Paris Olympic and Paralympic Games, Air France had said plans to use the events to boost its brand and show off its services.
Boeing says to buy subcontractor Spirit for $4.7 billion
US aircraft manufacturer Boeing said Monday it had reached a "definitive deal" to buy its subcontractor Spirit, which has faced scrutiny over production quality control in recent months.
After eliminating Price Verification System, CBN slashes Customs FX rates for cargo clearance
The Central Bank of Nigeria (CBN) has adjusted the Customs foreign exchange rates for cargo clearance a few days after it eliminated the Price verification System.
Euro edges up on easing worries about French election
The euro rose against the dollar Monday on signs France's far-right would not win enough seats for an overall majority in legislative elections. However, while polls suggested the party was on course to win a majority of the 577-seat National Assembly, it was unclear if it could garner enough to take full control.
Vote-ready UK waits to scoop up Brexit boost
Eight years after Britain voted for Brexit, businesses still lament economic fallout caused by the country's departure from the European Union, with little prospect of change after this week's election. Alfonso noted that "you could get things from the European Union very easily" before Brexit.
Naira gets new rating among world's currencies in 2024, depreciates in official and parallel markets
The Nigerian currency, the naira has been rated as the world's worst currency in the first half of 2024 after depreciating for nine consecutive days.
Short fuses in Egypt as blackouts stretch into sweltering summer
At least once a day, the hum of every fan, air conditioner and fridge across Egypt goes quiet. The lights go out and an expletive is muttered or hurled into the quickly-heating air.
Nippon Steel fight points to industry's uncertain future in Pennsylvania
Nippon Steel's proposed acquisition of United States Steel has been a source of unease in Pittsburgh, where the metal once dominated the economy and still looms large in the collective psyche. The company has also vowed to keep US Steel's 1,000-worker office in downtown Pittsburgh.
MSMEs struggle under high interest rates": CSED calls for efficiency through digital solutions
The Centre for Strategic Enterprise Development has disclosed how the Nigerian government can improve access to credit for nano, micro, and MSMEs.
Economy
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