Economy
Conde Nast staff stage walkout against layoffs
Hundreds of unionized staffers at Conde Nast, the parent company behind legacy publications including Vogue and Vanity Fair, walked out Tuesday in protest of looming layoffs. The union urged people not to cross the digital picket line by refraining from visiting Conde Nast sites, which also include GQ, Bon Appetit, Glamour, Architectural Digest and Teen Vogue.
EU probes Lufthansa's proposed buy of ITA stake
The EU's powerful antitrust authority opened an in-depth investigation on Tuesday into German airline Lufthansa's proposed stake in Italy's ITA Airways, over fears it could hurt competition. The deal provided the German company various options to increase its stake or acquire ITA Airways outright at a later date.
More banks to merge as report says CBN may raise capital of Access, Zenith, others to N900bn
A recent report has stated that the Central Bank of Nigerian may require some commercial banks in Nigeria to increase their capital bases to N900 billion.
Iraq no-frills carrier says no grounds for US sanctions
Iraqi no-frills carrier Fly Baghdad has condemned Washington's imposition of sanctions, saying the US Treasury provided no proof of its allegation the airline had assisted Iran's Revolutionary Guards.
P&G reports mixed earnings, higher prices boost revenue
Consumer goods giant Procter & Gamble painted a mixed picture in its earnings report Tuesday, as price hikes supported revenue growth but customers appeared to pull back in some purchases. But P&G's product volumes were flat overall for the quarter, suggesting that consumers may be pulling back as higher prices bite.
Tinubu's minister speaks on CBN's printing of money to finance budget deficit
The Minister of Budget and National Planning has indicated that FG would no longer allow the CBN to print money by Ways and Means to fund the budget deficit.
Woman dies when car rams French farmers' roadblock
A car rammed into a roadblock put up by protesting farmers in southwestern France on Tuesday, killing a woman and seriously injuring her husband and teenage daughter stationed there. The woman who was killed was a member of the powerful FNSEA farmers union which has been leading nationwide protests, as are her husband and daughter.
Naira depreciates as currency traders quote N1,311 per dollar in official market
The naira experienced one of its worst performance against the US dollar on Monday, January 22, 2024 when it fell to N925 per dollar in the official market.
UK govt to plough extra £1.3bn into nuclear plant
The UK government says it will make available an additional £1.3 billion ($1.9 billion) in funding for the construction of the Sizewell C nuclear reactor project with French energy group EDF. The announcement from the Department for Energy Security and Net Zero late on Monday takes the level of state funding for the project in eastern England to more than £2.5 billion.
Economy
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