Economy
Lindt melted own 'excellence' claim in US lawsuit: reports
In a bid to dodge a US lawsuit, Swiss chocolatier Lindt & Sprungli has scuppered its own claims about the excellence of its products -- a cornerstone of its marketing strategy. "In its defence strategy, the company has dismantled its own promises of quality," claimed the Swiss newspaper NZZ am Sonntag, raking over a September US court decision.
'London's best-kept secret': UK's largest wholesale market turns 50
By the time most Londoners had rolled out of bed on Monday morning, Gary Marshall was already winding down for the day at New Covent Garden Market. "If you're here at one, two or three in the morning, it's like a little city with hundreds and hundreds of people," said Wanda Goldwag, chair of the Covent Garden Market Authority, which manages New Covent Garden Market.
Nigeria’s debt to China, World Bank, IMF skyrockets as data shows states with most domestic debt
Recent data from the Debt Management Office (DMO) indicates that Nigeria's debt to China, the IMF, the World Bank and other creditors has reached a record level.
China says to impose anti-dumping measures on EU brandy
China said Monday it will impose "temporary anti-dumping measures" on brandy imported from the European Union, deepening a trade standoff between Beijing and Brussels after similar measures last month. As well as the provisional brandy tariffs, Beijing has also launched anti-dumping probes into some European pork and dairy imports.
Filling stations to adjust prices again as petrol landing costs drop
Major Energies Marketers Association of Nigeria (MEMAN) has said that the petrol landing costs have crashed in the last three months from August this year.
China's 'Singles Day' shopping spree in spotlight as spending flags
China's largest online shopping bonanza wraps up on Monday, with analysts and investors watching for signs that consumption is rebounding in the world's second-largest economy after recent efforts by Beijing to boost activity. This year's Singles Day could represent a major boon for retail giants as analysts watch for signs that recent measures are having an impact.
Asian stocks drop as China support plan falls flat, bitcoin hits record
Asian markets fell Monday after China's keenly anticipated plans to support the world's number two economy fell short of expectations, while traders were also keeping tabs on Washington as Donald Trump puts his cabinet together after last week's election win. "Yet President-elect Donald Trump’s policy proposals could lead to heightened macroeconomic volatility.
Nigeria’s FX reserves hit $40 billion as naira tumbles in official, Black Markets
The governor of the Central Bank of Nigeria (CBN) has disclosed that the bank's policies raised Nigeria's FX reserves to a 33-month high of $40 billion.
Lagos, Rivers, Delta Top 10 Nigerian states with highest domestic debt in 2024
About 10 Nigerian states increased their domestic debt in the second quarter of 2024 by N196 billion as the domestic debts of the 36 states and FCT rose to N4.026trn
Economy
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