All 21 Adamawa local government chairmen and 226 councillors have defected from PDP to APC, citing loyalty to Governor Ahmadu Fintiri and a progressive vision.
Onafriq is closing Baxi PoS operations as inflation, naira depreciation and competition bite. Agents are given 30 days to move funds; the firm stays in Nigeria too.
Dutch brewing giant Heineken announced Wednesday a $2.75 billion investment in Mexico -- the latest vote of confidence in Latin America's second-largest economy despite US President Donald Trump's trade war. In April, rival brewer Grupo Modelo, which makes Corona beer, announced an investment of more than $3.6 billion in Mexico to modernize its plants.
The spectacular fall of battery maker Northvolt led to fears over several Swedish green industry projects, but startup steelmaker Stegra believes it can confound the doubters. Behind Stegra is investment firm Vargas Holding, which was also a co-founder of battery maker Northvolt.
US President Donald Trump touted ties with China as "excellent" on Wednesday, saying the superpowers reached a deal after two days of talks aimed at preserving a truce in their damaging trade war. "Our deal with China is done," Trump wrote, adding that the agreement was still "subject to final approval with President Xi (Jinping) and me."
The federal government of Nigeria has teamed up with the government of Plateau to upgrade the Yakubu Gowon Airport into an International Cargo Airport.
US consumer inflation ticked up in May, in line with analyst expectations, government data showed Wednesday as President Donald Trump's sweeping tariffs began to ripple through the world's biggest economy. Despite the wide-ranging duties, analysts said it will take months to gauge the impact on consumer inflation.
Nigerian travel agencies urge the government to stop foreign agencies from selling cheaper flight tickets, and they request immediate intervention.
Russian pensioner Roman Paltievich stared at the prices for apricots, tomatoes and watermelons stacked high on stalls at a Moscow market -- foods that he now struggles to fit into his budget. - Filling up the fridge - Many of those navigating the aisles at Moscow's Preobrazhensky market were also worried about high prices.
After multiple strike actions and ultimatum, aviation workers under NiMet have gotten their salary adjustments. NiMet has also given a date to pay the arrears.
European Central Bank chief Christine Lagarde warned Wednesday that "coercive trade policies" risked harming supply chains and the global economy, and called for a de-escalation of a tariff standoff that has wiped billions off markets. She warned that protectionism risked "eroding the foundations of global prosperity".
Economy
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