Economy
Aso Rock's spending plan emerges as FG budgets N5bn for yacht, N1.5bn for first lady's new car
The federal government is preparing to spend an additional N28 billion on the state house budget, and spending covers presidential jets and vehicles.
Barry Callebaut wants to tap into vegan power, Asia growth
Barry Callebaut, the world's largest industrial cocoa and chocolate manufacturer struggles, said Wednesday it aims to double its business in Asia as well as its specialties unit as it seeks to move on from a salmonella outbreak at a major facility.
Job growth up in US private sector on services boost
Hiring in the US private sector rebounded in October, with education and health care creating the most jobs, payroll firm ADP said Wednesday. In October, the US private sector added 113,000 jobs, above the 100,000 figure expected by analysts, according to the latest ADP report.
German finance minister casts doubt on 2030 coal exit
German Finance Minister Christian Lindner on Wednesday called into question the government's aim to end coal use in Europe's largest economy by 2030. "Until it is clear that energy is available and affordable, we should end dreams of phasing out electricity from coal in 2030," Lindner said in an interview with the German daily Koelner Stadt-Anzeiger.
Outcry in Kenya over tax 'harassment' of travellers
A move by Kenyan authorities to tax travellers on new or used goods brought into the country has caused an outcry, with lawmakers and even a government minister denouncing the scheme.
Exploring Major Global Indices: From S&P 500 to FTSE 100
An assortment of stocks in a market comprises a stock market index. A stock market index tracks a group of stocks to assess the performance of the market as a whole.
Macron calls to strengthen partnerships in Central Asia visit
French President Emmanuel Macron said he wanted to "accelerate cooperation" with Kazakhstan on Wednesday, as part of a visit to boost France's footprint in Central Asia. Several French presidents have visited Kazakhstan since the fall of the Soviet Union, but Macron will be the first to go to Uzbekistan since 1994.
Russian aviation sector faces strong headwinds
Russia's aviation industry is facing heavy turbulence, as concerns for passenger safety mount in the face of poor maintenance, a lack of spare parts and regular breakdowns. Almost two years into the Ukraine conflict, Kyiv has revelled in the turbulence facing the Russian industry as a result of sanctions.
"It's a 3-year plan": Lagos state government introduces new transport programme
The Lagos State government has introduced a new transport program to transition the informal system into the formal one and has promised to work with unions.
Economy
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