Delta state police have confirmed the murder of retired Justice Ifeoma Okogwu, with her body found bound at her Asaba residence. Investigation is currently ongoing.
Prices of foodstuffs have reportedly crashed in Benue, Borno, Adamawa, and Yola, to the joy of consumers but the displeasure of traders who are incurring losses.
Mercedes-Benz said Thursday it planned hefty cost cuts after its 2024 profits plunged by almost a third amid a slump in China and weak electric car sales, as Germany's auto sector reels. German manufacturers all invested heavily in China in recent decades and came to rely on the world's biggest auto market for a hefty chunk of their sales and profits.
Renault confirmed on Thursday it defied headwinds in the car industry by boosting revenue and attaining record profitability in 2024 thanks to the success of its new line up of vehicles, although net profit sank as it scaled back its partnership with Nissan. However net profit sank to 800 million euros due to a 1.5-billion-euro loss it booked on the sale of Nissan shares.
Japan's trade minister is arranging a visit to the United States in coming weeks to seek exemptions from President Donald Trump's tariffs, local media said Thursday. Vehicles represented 28 percent of all Japan's exports to the United States last year.
How do you solve Europe's lagging economic growth and reverse its industrial decline? Europe's answer to bring its economy back to life is a battery of measures to be announced next week including boosting its clean tech sector and supporting energy-intensive industries by slashing red tape and costs.
Donald Trump said Thursday his administration was "looking at alternatives" to Boeing following delays in delivering two new models of the US presidential Air Force One plane. "We're looking at alternatives because it's taking Boeing too long."
From office lights switched off to out-of-service lifts, Indonesian civil servants are feeling the pinch after President Prabowo Subianto ordered sweeping budget cuts across government that he said will fund his big-ticket campaign pledges. But the cuts are also likely to free up funds for Prabowo's ambitious campaign pledges.
Asian markets turned negative Thursday amid Federal Reserve concerns that US President Donald Trump's tariffs and immigration measures could reignite inflation. The remarks come after a number of economists warned that the Republican's pledge to ramp up tariffs on trade partners while slashing taxes, regulations and immigration could fan inflation.
Hospital manager Kathrin Leffler says she worries Germany's tense pre-election debate on immigration will make it harder to recruit enough skilled workers from abroad to fill a growing labour shortage. - 'Immigrant complex' - Wassim Hadded, a 27-year-old nurse from Tunisia, is one of the skilled workers already tempted to Germany to fill a key role.
A failing Australian metals plant will be transformed into a hub for making "green iron and steel", Prime Minister Anthony Albanese said Thursday as the government stepped in with a billion-dollar rescue package. "Investment in green iron and steel will secure future demand for Australia's iron ore as the world moves toward lower emissions iron and steel," Albanese said.
Economy
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