Economy
CNG: FG opens portal for Nigerians to convert cars and pay later for cheaper N230 fuel
The Federal Government has launched a portal allowing Nigerians to convert their vehicles to Compressed Natural Gas with flexible payment options.
EU chief says China must 'adapt its behaviour' to solve trade row
China must "adapt its behaviour" to solve an escalating tariff row with Europe, EU chief Charles Michel said Friday, warning of the dangers of the dispute escalating into a full-blown trade war. "We count on China to adapt its behaviour and to understand that we have to rebalance the economic relationships for more fairness, for fair competition, for a more level playing field."
Asian markets mixed after Wall St drop, Shanghai dips before briefing
Most Asian markets were mixed Friday as investors digested disappointing US inflation data that further dampened expectations for another bumper interest rate cut next month. Tokyo ended the morning on the front foot thanks to a weaker yen as investors scale back expectations for US rate cuts, while Singapore, Seoul, Wellington, Taipei and Jakarta also edged up.
Automaker Stellantis says CEO will retire in 2026
The struggling auto giant Stellantis said late Thursday that its CEO Carlos Tavares will retire in 2026 when his contract runs out and it is now looking for a successor. At the same time, he said he might retire in January 2026.
Internet Archive reels from 'catastrophic' cyberattack, data breach
The Internet Archive, an online repository of web pages, was offline Thursday after its founder confirmed a major cyberattack that exposed the data of millions of users and left the site defaced. It operates a web archive called the Wayback Machine, which has captured snapshots of millions of internet pages.
Panama lashes out at EU over tax haven 'outrage'
Panama on Thursday lashed out at the European Union for keeping the country on its tax haven blacklist despite its efforts to crack down on tax evasion. The Caribbean island of Antigua and Barbuda was removed from the list, which was created in 2017, a year after the Panama Papers scandal, to crack down on tax evasion.
TD Bank to pay more than $3 bn to US in money-laundering case
Canada's TD Bank has agreed to pay more than $3 billion in penalties for failing to adequately monitor money laundering by drug cartels, US officials said Thursday. Garland said that between January 2014 and October 2023, TD Bank failed to monitor $18.3 trillion in customer activity, allowing three money laundering networks to transfer over $670 million through TD Bank accounts.
Delta eyes Election Day travel pullback as profits climb
Delta Air Lines reported higher profits Thursday despite a drag from a big information technology outage and said an anticipated November pullback in travel should lift after US elections. The big US carrier's quarterly results were dragged lower by a $380 million hit over the Crowdstrike outage, which resulted in some 7,000 flight cancellations over a five-day period in July.
Over 200 women in legal talks with Harrods over Fayed abuse claims
More than 200 women are now in settlement talks with Harrods over alleged abuse by its former owner Mohamed Al Fayed, the upmarket London department store said Thursday. Separately, the BBC said Thursday that another 65 women had told them they were abused by Fayed, while lawyers for the Justice for Harrods Survivors group representing alleged victims said they now have more than 70 clients.
Economy
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