Economy
Nissan accelerates UK electric car production
Japanese auto giant Nissan announced Friday it would invest up to £2 billion in UK electric car manufacturing, which the government touted as a sign of confidence in the sector.
Top producer Ivory Coast fears for cocoa output after rains
"Thirty years I've been in cocoa -- and this is the worst season yet," said Siaka Sylla as he contemplated an almost empty warehouse at his cooperative in Ivory Coast, the world's top producer of the bean. Back at the Hermankono cooperative, Siaka Sylla is pinning his hopes on a better intermediate harvest next April.
Senate threatens NNPC's Kyari with sack, jail term as refineries fail to work after gulping N12trn
The Senate said over N12 trillion has been spent on Turn Around Maintenance (TAM) projects of Nigerian refineries. Yet, none of the refineries is working.
Europe's Ariane 6 rocket successfully completes hot-fire test
The European Space Agency's Ariane 6 rocket successfully completed a dress rehearsal on Thursday, test-firing its engine in preparation for a maiden voyage scheduled for 2024. The hot-fire test at Europe's Spaceport in French Guiana "simulated a complete launch sequence and thus validated the entire flight phase of Ariane 6's core stage," it said in a statement after Thursday's rehearsal.
HMV reopening raises revival hopes for London's Oxford Street
British music retailer HMV returns to the iconic site of its former flagship store in central London on Friday, in a much-needed boost to the flagging fortunes of the capital's premier shopping street. The re-opening of the historic shop comes as authorities fight back against a wave of so-called American candy stores which have plagued central London since the pandemic.
Asian markets struggle, China property help in focus
Most Asian markets fell Friday following a broadly healthy week, with traders hoping for fresh Chinese moves to help the country's troubled property sector after officials called on banks to provide support. Investors are keeping tabs on China after authorities called on banks to provide help to the beleaguered property sector, which makes up a huge part of the world's number two economy.
US economic uncertainty means bigger 'Black Friday' discounts
The retail sector's efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual "Black Friday" shopping day followed by the newer "Cyber Monday." The National Retail Federation (NRF) predicts more than 182 million consumers will shop in stores and online over the shopping weekend.
Venice to launch tourist tickets in 2024
Venice announced on Thursday that it would introduce a fee for day tourists to enter the city's overcrowded historic centre on 29 days next year as it seeks to come to grips with overtourism. Day visitors will need to pay five euros ($5.45) to enter the city centre between 8:30 am to 4:00 pm during the peak tourist season from April 25 to May 5.
Crisis-mired Germany to blow through debt limit in 2023
Germany will seek to suspend a constitutional debt limit for a fourth straight year, its finance minister said Thursday, after a shock court ruling upended government spending plans and sparked a budget crisis. The finance minister, who has intoned on the importance of clear debt limits, avoided direct mention of the brake in an earlier press conference.
Economy
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