Economy
Governor gives update on completion of Nigeria’s longest runway airport
Ogun State Government, Federal Ministry of Aviation, and other stakeholders are expected to meet for the planned concession of International Airport in ogun states.
US Fed officials encouraged by 'progress' on inflation
The US Federal Reserve is making good progress in its fight against inflation, senior bank officials said Tuesday, while voicing differing opinions on the chances of another interest rate hike.
Top Panama court says contested mining contract 'unconstitutional'
Panama's Supreme Court on Tuesday declared that a contract allowing a Canadian company to continue operating Central America's biggest copper mine was "unconstitutional." "We have unanimously decided to declare the entire law 406 unconstitutional," said Supreme Court president Maria Eugenia Lopez, referring to the law governing the contract with the Canadian mining firm.
Despite N87.38 trillion debt, Tinubu’s government approves $1 billion loan from AfDB
The Federal Executive Council (FEC) has approved $1 billion budget support loan from the Africa Development Bank (AfDB), according to the Minister of Finance.
Busan, Riyadh or Rome? 2030 World Expo host to be revealed
The host of the 2030 World Expo will be chosen on Tuesday, with Rome in Italy, the Saudi capital Riyadh and South Korea's Busan contending to welcome the showpiece event held every five years. This year's event has been the subject of particularly intense lobbying from Italy, Saudi Arabia and South Korea, whose governments are all keen to have the honour of the 2030 World Expo.
Virgin pilots first transatlantic flight with low-carbon fuel
British airline Virgin Atlantic on Tuesday piloted the first long-haul flight powered entirely by Sustainable Aviation Fuel (SAF), an event environmental groups labelled "greenwashing". Virgin said it was the first time SAF had been used "in both engines, by a commercial airline, for long-haul flight".
Norway court hears lawsuit over state's oil plans
A court began hearing Tuesday a lawsuit against Norway over oil and gas development plans, with environmental groups saying the country is throwing "gasoline on the fire" of the climate crisis. "Whilst Norway acknowledges the climate crisis, it throws gasoline on the fire by opening up new oil fields," he said, calling the country "a climate hypocrite".
Virgin set for first long-haul flight with low-carbon fuel
British airline Virgin Atlantic on Tuesday operates the first transatlantic flight powered entirely by Sustainable Aviation Fuel (SAF), but environmental groups criticised the event as "greenwashing".
Scholz defends spending as budget crisis rocks Germany
German Chancellor Olaf Scholz on Tuesday staunchly defended his government's record on spending after a bombshell court ruling on crucial debt rules sparked a budget crisis. But the ruling is also impacting other "off budget" funds, with the government now having to account for the extra spending in its main budget.
Economy
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