Economy
Austria designer farm stands out in struggling field
In idyllic western Austria, Ingo Metzler's goat breeding farm with its striking light wood panelling and big glass facades sets itself apart, aiming to survive in a sector in crisis. - 'Prestige' - Today the Metzler farm -- sporting solar panels and wood panelling from spruce trees from the region -- attracts visitors.
Qatar's Sheikh Jassim withdraws bid to buy Man Utd - reports
Qatari banker Sheikh Jassim Bin Hamad Al Thani has withdrawn a bid to buy Manchester United, the BBC reported on Saturday. Sheikh Jassim's bid was for full control of United and promised to clear the club's debt.
Amid economic hardship, IMF tells FG to collect more taxes, raise interest
The International Monetary Fund stated on Friday that more taxes must be collected by the FG in order to support the national budget and settle debts.
IMF agrees funding boost, extra Africa board seat
The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973. While voting shares were not changed, the IMF agreed to expand its executive board from 24 to 25 members to give Africa another seat.
Dangote, Ibru, other family-owned businesses contribute $200bn to Nigeria's economy annually
Stakeholders at a First Bank event have identified the importance of family-owned businesses to the economy of Nigeria, with annual revenue of $200bn.
Africa hears pledges but little action at IMF-World Bank talks
Pummelled by debt, poverty and natural disasters, African nations heard many pledges of support but saw little action at the first IMF-World Bank talks to be held on their soil since 1973. The World Bank has provided nearly $20 billion to Kyiv since the start of the war in late February 2022.
More dollars pump into Nigeria after CBN lifts forex ban on 43 items
Nigeria's central bank removed limitations on purchasing foreign currency needed to import 43 items, which caused a surge in the supply of dollars.
"You've revenue problem": Despite N87 trillion debt stock, IMF says Nigeria not in debt distress
The International Monetary Fund (IMF) has revealed that Nigeria is not in debt distress despite is huge N87 trillion debt stock, stating that it has revenue problem.
Pfizer cuts earnings outlook on lower Covid-19 drug sales
The US pharmaceutical giant Pfizer sharply scaled back its earnings outlook for the year, blaming lower-than-expected sales of two drugs used to treat Covid-19, the company said Friday. The sharp revision to expected sales of Paxlovid, an oral antiviral drug, and the Covid-19 vaccine Comirnaty sent Pfizer's stock tumbling.
Economy
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