Telefonica will cut up to 5,500 jobs in Spain under a voluntary departure plan agreed with trade unions last week, the debt-laden telecoms firm said in a statement on Monday. "An agreement was reached with the trade unions... concerning the implementation of a voluntary departure plan for approximately 5,500 workers," Telefonica said in a statement released via the stock market regulator.
President Tinubu reveals Nigeria's fuel subsidy removal funds are being invested in critical infrastructure, social safety nets & economic reforms.
The federal minister for aviation, Festus Keyamo, has provided an update on the concession discussions for the international airport in Enugu state.
The CBN has asked the banks to submit their detailed Capital Restoration Plan (CRP) showing how they plan to reduce risks and return to full compliance.
German exports to the United States plummeted in May, official data showed Tuesday, as Berlin pressed the European Union to strike a quick tariff deal with US President Donald Trump. German Chancellor Friedrich Merz last week called on the EU to strike a "quick and simple" bargain with the United States, saying Germany's "key industries" needed clarity. vbw/sea/rl
As Cambodian garment workers took breaks from toiling in sweltering factories on Tuesday, they feared for their jobs after US President Donald Trump's threat to impose a 36 percent tariff. "I fear that the high tariff will affect factories and will result in fewer jobs for workers," said the 47-year-old.
President Tinubu vows to tackle inflation, boost transparency in governance. UK commends Nigeria's economic reforms, urges continued transparency & accountability
The discos made over half a trillion naira in revenue during the period, although there was no increase in electricity supplied to the customers in those months.
EU ministers are set to give the final green light on Tuesday for Bulgaria to adopt the euro on January 1, 2026, when the country would become the single currency area's 21st member. - Euro club gets bigger - Only 12 countries were part of the single currency area -- including France, Germany, Italy, Spain, and Greece -- when the first euro bills and coins were rolled out on January 1, 2002.
Bangladesh, the world's second-biggest garment manufacturer, holds hope to reduce the 35 percent tariff that US President Donald Trump said he will impose, the country's top commerce official told AFP on Tuesday. Trump hit Bangladesh with 37 percent tariffs in an April 2 announcement, but in a letter issued Tuesday, the US leader said it would now be 35 percent.
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