Economy
Argentina's growth plummets 5.1% in first quarter
Argentina's austerity-hit economy contracted by 5.1 percent in the first quarter, the national statistics agency said Monday, driven by a slowdown in the construction and manufacturing industries. The manufacturing industry contracted by 13.7 percent and the only sector growing was exports -- up 26.1 percent year on year.
Adidas scores success with pink Germany shirt
Derided at its unveiling, Germany's pink-and-purple away kit has become the breakout style star of Euro 2024, where it has added a splash of colour to the stands at the host's fixtures. The pink strip however figures to be one of the last kits Adidas makes for their home team after decades during which the sportswear company's three stripes were a fixture on German kits.
UAE energy giant ADNOC offers 12 bn euros for Germany's Covestro
Chemical maker Covestro said Monday that it entered "concrete negotiations" with Emirati national energy firm ADNOC after the German group received a takeover offer worth nearly 12 billion euros ($12.8 billion). It said the "starting point" for talks was a "possible offer price" of 62 euros per share from ADNOC. This would value Covestro at 11.72 billion euros, according to an AFP calculation.
Series 1 of FCMB-TLG Private Debt Fund opens for Investment today
Recently, FCMB Asset Management Limited (FCMBAM) held a signing ceremony for Nigeria’s first Naira denominated Private Debt Fund, the FCMB-TLG Private Debt Fund.
Asian markets track weak US lead, eyes on yen
Asian markets extended last week's poor run with more losses Monday, following on from another tepid lead from Wall Street as profit-taking weighed on the tech sector. A surge in the tech sector has helped push markets to record or multi-year highs but concerns that the buying has gone too far have set in and profit-taking has weighed on equities in recent weeks.
Benue, Enugu lead as most expensive states to buy cooking gas as dealers increase prices
The National Bureau of Statistics has revealed that the average price of cooking gas has increased again leaving more Nigerian households with more headaches.
Flights cancelled at UK's Manchester airport after power cut
Flights at the UK's third-busiest airport were being delayed or cancelled Sunday after a major power cut, the airport operator said. The Manchester Airports Group, which also operates London Stansted and the East Midlands airports, said Manchester Airport had been "affected by a major power cut in the area earlier this morning."
Who profits from the soaring price of cocoa?
Though cocoa prices on the financial markets have soared, the rise is benefiting cocoa growers, bean processors, speculators and chocolatiers in unequal measure. There, farmers have been allowed to sell their beans to buyers willing to approach the prices paid on the financial markets.
S.Africa to dish up more zebra to boost jobs and conservation
Carcasses of impala, kudu and wildebeest hang from a slaughterhouse rail, ready to be turned into steaks, sausages and burger patties of the kind South Africa wants to see more of on the dinner table. South Africa has long adopted a market-oriented approach to conservation, based on the belief that farmers have a better incentive to look after wildlife if they can profit from it.
Economy
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