Economy
"So subsidy is over abi?": Lagosians react as Lagos ends 50% reduction in transportation fares
LAMATA has recently informed the public that the 50% fare reduction for the BRT service will no longer be applicable starting from this Sunday, October 5, 2023.
Bangladesh garment workers clash with police as factories reopen
Striking Bangladesh garment workers clashed with police on Saturday near the capital as factories reopened in defiance of a protest campaign demanding a near-tripling of wages. Police said some 600 businesses shuttered over the week had reopened in areas worst-hit by the strike, which saw some factories ransacked and set alight.
Donald Trump 'fired up' to testify in New York fraud case: son
Donald Trump's son Eric wrapped up his testimony on Friday in the civil fraud case against the family business empire and said his father is "fired up" to take the stand next week. Don Jr testified for two days this week and was followed on the stand by his younger brother.
US to lower barriers on imposing 'too big to fail' label on firms
US regulators voted Friday to undo rollbacks under the Trump administration that made it tougher to place certain financial companies under heightened supervision -- if they posed stability risks. This means the companies would be subject to heightened government supervision.
Panama bans new mining contracts in response to mass protests
Panama's parliament on Friday approved a moratorium on new metal mining contracts after thousands took to the streets for days on end to protest a deal with a Canadian copper company. The ban approved Friday for an indeterminate period of time does not affect the already-signed First Quantum deal -- the constitutionality of which is being reviewed instead by Panama's Supreme Court.
Swedish union widens strike for Tesla workers
Sweden's metalworkers union said Friday that it was expanding its strike against Tesla, a week after mechanics walked off the job over the electric carmaker's refusal to sign a collective wage agreement. On Friday, the strike was expanded to include some 470 more workers at another 17 facilities that service many brands of vehicles where a "blockade" on repairing Tesla cars had been put in place.
US hiring slows more than expected with auto strike drag
Job growth in the United States cooled in October, according to government data released Friday, in part dragged down by an auto workers strike. Last month, auto workers expanded a strike launched in mid-September.
CBN crashes dollar, pumps $6.7 billion into banks as naira recovers
The Central Bank of Nigeria reportedly supplied $6.7 billion to clear existing backlogs as the naira appreciated in the official and black markets.
Bangladesh protests halt production for top fashion brands: union
Levi's and H&M are among top global clothing brands to suffer production halts in Bangladesh, a garment union leader said Friday, after days of violent protests by workers demanding a near-tripling of their wages. There was no immediate confirmation from the brands Akter named of disruptions to their production in Bangladesh.
Economy
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