Telefonica will cut up to 5,500 jobs in Spain under a voluntary departure plan agreed with trade unions last week, the debt-laden telecoms firm said in a statement on Monday. "An agreement was reached with the trade unions... concerning the implementation of a voluntary departure plan for approximately 5,500 workers," Telefonica said in a statement released via the stock market regulator.
Former Lagos State Governor, Babatunde Fashola, along with real estate professionals, has suggested that Nigerians should pay rent monthly instead of yearly.
As Tinubu’s government approaches its second anniversary, Legit.ng highlights the tariffs that have been adjusted or introduced under his leadership.
The Central Bank of Nigeria (CBN) has revealed that the Nigerian economy recorded an increased net foreign exchange flow in the last 12 months of 2024.
The Central Bank Of Nigeria (CBN) Governor, Olayemi Cardoso, has urged Telecommunication companies to embrace backward integration to reduce pressure on FX
Argentina's President Javier Milei admitted making a mistake on Saturday after promoting a cryptocurrency whose value soared and then crashed, with his office announcing an "urgent investigation".
A flood of presidential trade policy announcements has kept US automakers on edge since Donald Trump returned to the White House last month. Auto analysts believe foreign automakers may in the coming months unveil plans to expand or build new factories in the United States.
Running late and vastly over budget, a mammoth rail project stands as a monument to what critics say is Germany's glaring failure to tackle long-standing infrastructure woes.
Packed slopes, plush turtle butt pads and 11-dollar passes: this is low-cost skiing in China, where winter sports are on a government-greased track to take in a projected $137 billion this year. The cheapest daytime passes at the two-slope ski area cost around $11 for two hours, including gear hire.
Smoke billows from chimneys as factories churn in South Korea's steelmaking heartland, now under threat from Washington's swingeing new tariffs on the port city's largest export. It is home to the nation's top steelmaker, POSCO, a major force in South Korea's industrialisation and development as an export powerhouse, alongside giants like Hyundai Steel and Dongkuk Steel.
Economy
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