Italian fashion house Loro Piana, owned by French giant LVMH, has been placed under court administration for allegedly facilitating the exploitation of workers by subcontractors, police and a company source said Monday. The judges of the Milan court found that Loro Piana "negligently facilitated" the exploitation, according to the police statement.
The US trade gap widened in November according to government data released Tuesday, as imports rose faster than exports ahead of President-elect Donald Trump's return to the White House. In November, the US trade deficit rose 6.2 percent to $78.2 billion, said the Commerce Department on Tuesday.
Nigerians living in the United States of America have been ranked high among African migrant communities that are thriving financially in the United States.
Amid much controversies, the tax committee has said the FG can choose to retain status quo and discard the VAT reforms. Oyedele said why Nigeria needs the tax reform
Social media giant Meta announced Tuesday a significant rollback of its content moderation policies, including the termination of its third-party fact-checking program in the United States.
More than 700 young workers are suing McDonald's UK after widespread harassment claims were exposed in the media in 2023, law firm Leigh Day said on Tuesday. The law firm said another young worker claimed to have been repeatedly pestered for sex, and another claim involved a manager touching young staff inappropriately during shifts.
Microsoft CEO Satya Nadella on Tuesday said the company plans to invest $3 billion in India on artificial intelligence (AI) and cloud infrastructure over the next two years. On Tuesday, Nadella said the $3 billion investment would include the setting up of new data centres.
South Sudan could resume oil production "as early as tomorrow" almost a year after fighting in neighbouring Sudan ruptured a key pipeline, the government said Tuesday. After months of shutdown, South Sudan's government said production would resume from part of a facility operated by Dar Petroleum Operating Company (DPOC).
MDAs spent over N22 billion on solar installation projects, thanks to countless national grid collapses in 2024. This is the breakdown of those projects
Eurozone inflation rose in December as energy prices slightly ticked up, official data showed Tuesday, rebounding for a third straight month but unlikely to stop another interest-rate cut by the European Central Bank. Other official data published on Tuesday showed unemployment in the eurozone stood at 6.3 percent in November. raz/ec/lth
Economy
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