Economy
Switzerland ends electric car tax exemption
Switzerland on Wednesday scrapped a tax exemption for imports of electric cars, whose growing presence on Swiss roads has cut into tax revenues. The government had then wanted to create incentives for the use of electric cars.
Fossil fuel plans by producing nations threaten global climate goals: UN
Plans to expand oil, gas and coal production by major fossil fuel countries would push the world far beyond agreed global warming limits and are "throwing humanity's future into question", the UN warned Wednesday.
Nissan, Renault launch 'rebalanced' alliance
French automaker Renault and Japanese partner Nissan officially launched their "rebalanced" alliance on Wednesday as they seek to reset a rocky 24-year-old partnership. The companies announced an agreement in February to put their partnership, which also includes Japanese automaker Mitsubishi, on an equal footing, with Renault giving up its dominant position.
After pumping $7 billion to clear forex backlogs, naira crashes again in official market
The Nigerian currency crashed after gaining momentum against major currencies as the Central Bank of Nigeria began clearing Foreign Exchange backlogs.
“Such a good grade”: FG discovers new type of crude oil in Bayelsa village, begins sale to Europe
The Nigerian National Petroleum Company Limited(NNPCL) has revealed that Nigeria has discovered new crude oil grades, and its uniqueness attracts Europeans.
“You need to listen”: Tinubu’s Govt reveals plans to achieve N500/$1 exchange rate soon
The administration of president Bola Ahmed Tinubu have sent strong messages to Nigerians hoarding dollars claiming that it will lead to huge losses.
Chemical giant Bayer to cut management jobs after huge loss
German chemicals giant Bayer said Wednesday it would cut management jobs and was examining splitting off one of its divisions after reporting a massive third-quarter loss.
Telecoms outage cuts off millions of Australians
More than 10 million Australians were cut off from internet and phone services on Wednesday after unexplained outages struck one of the country's largest communications companies. Optus, Australia's second-largest telecoms firm with more than 10 million customers, had struggled through the day to bring its systems back up.
ABCON reveals CBN's plan for black market operators as FG says more pain coming for speculators
The Association of Bureau de Change Operators of Nigeria (ABCON) has asked black market operators and speculators to brace up for more pains from CBN.
Economy
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