Economy
World Bank praises CBN governor Yemi Cardoso’s policies on naira, interest rate, gives reasons
The World Bank has announced its support for Yemi Cardoso, the Governor of the CBN, and expressed belief that his policies since assuming office are the right ones.
Falling sales cause sour grapes for iconic Portugal wine
Jose Manuel Ferreira should have already started harvesting grapes on his century-old vineyard in northern Portugal -- instead he is still looking for a buyer for his crop. "Unfortunately, this means there is likely to be quite a lot of grapes left uncollected in the vineyards."
Ethiopia's 'korale' recyclers turn waste into money
With a tattered bag on his back, Dereje Enigdamekonen trawled the endless alleyways of the Merkato market in Addis Ababa, calling for the Ethiopian capital's abundant scrap. "It is also beneficial for Addis Ababa: if this waste were not collected, the city's landfills would overflow.
Oil prices drop on easing fears over Middle East, most markets rise
Oil prices extended losses Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu had told US President Joe Biden he would not strike Iran's crude or nuclear facilities in retaliation for a missile attack earlier this month.
Can biodiversity credits unlock billions for nature?
For supporters, biodiversity credits could unlock billions in much-needed funding for nature, but critics fear a repeat of scandals that have dogged other financial approaches to protecting the environment. The market in biodiversity credits or certificates -- which monetise activities that claim to protect or restore nature -- is new, unregulated and stalked by fears of "greenwashing".
Strike-hit Boeing leaves experts puzzled by strategy
A historic round of cost-cutting measures at Boeing has left experts perplexed and wondering whether the aviation giant, plagued by a month-long strike, is sacrificing its future. The direct financial impact of the first month of the strike reached $5 billion, including $3.26 billion for Boeing, according to Anderson Economic Group.
Google signs nuclear power deal with startup Kairos
Google on Monday signed a deal to get electricity from small nuclear reactors to help power artificial intelligence. The first of a series of small modular reactors (SMRs) developed by Kairos as a result of its deal with Google is projected to be online by the end of this decade, according to the companies.
Inflation pushes bread prices high as bakers quote new costs, give reasons
Bakers and bread sellers have disclosed reasons why the commodity prices will continue to skyrocket nationwide as prices rise higher than inflation.
EVs seek to regain sales momentum at Paris Motor Show
European and Chinese automakers faced off at the Paris Motor Show on Monday as they seek to make electric vehicles affordable for the broader public as the sector faces stalling sales in many countries. While the organisers of the Geneva Motor Show threw in the towel due to a lack of public interest, the Paris Motor Show hopes to attract half a million visitors. tsz/rl/js
Economy
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