Economy
US plans to contribute $20 bn for Ukraine loan: Yellen
The United States plans to contribute $20 billion to a G7 loan package for Ukraine and could soon announce new sanctions targeting Russian weapons procurement, Treasury Secretary Janet Yellen said Tuesday. - 'Strong new sanctions' The United States is also set to announce "strong new sanctions" as early as next week targeting Russia over its war in Ukraine, Yellen said.
Strong auto prices lift GM results as it eyes China revamp
General Motors reported strong earnings Tuesday on robust pricing as the Detroit giant said it was hopeful about returning to profitability in China and reiterated a flexible approach to EV investment. - China performance - GM reported a loss in equity income from China for the third straight quarter.
UN eyes modest 2024 maritime trade growth, but future uncertain
Maritime trade should show modest growth this year, the UN said Tuesday, warning though that the geopolitical tensions, climate impacts and conflicts shaking global trade are threatening the functioning of maritime supply chains.
IMF predicts slightly slower global growth in 2024 and 2025
Global growth is expected to ease slightly to 3.2 percent this year and remain at that level in 2025, the IMF announced Tuesday, while warning that the stable figures masked "important" regional and sectoral shifts.
Fraudsters steals N42.6bn from Nigerian banks as financial institutions explain service disruption
According to the Association of Mobile Money and Bank Agents in Nigeria, fraudsters stole N42.6 billion from Nigerian banks in the second quarter (Q2) of 2024.
Over 250 women in talks with Harrods over Al-Fayed claims
Upmarket London department store Harrods on Tuesday said it was in discussions with more than 250 women to settle claims of sexual misconduct by former owner Mohamed Al-Fayed. Harrods, which is under new ownership, said in a statement: "Since 2023, Harrods settled a number of claims with women who alleged historic sexual misconduct by Fayed.
Rare Tintin albums go under the hammer in Paris
A collection of rare Tintin comic albums is up for auction in Paris on Wednesday, many signed by cartoonist Herge, who wrote "Tintin is just another version of me" on one flyleaf. Tintin is just another version of me, who would have continued on that path, all the way," he wrote.
Hyundai Motor India shares dip on debut after record IPO
Hyundai Motor had a lacklustre Indian market debut on Tuesday after raising $3.3 billion in the country's biggest-ever initial public offering, with shares down nearly five percent from their issue price in early trade. Shares of the automaker fell in the first morning of trade to 1,870 rupees ($22.34), down more than 4.5 percent from their issue price of 1,960 rupees.
Apple CEO visits China for second time this year as sales slump
Apple CEO Tim Cook was in China for the second time this year, he said on social media Tuesday, as the US technology giant seeks to shore up slumping sales in a crucial overseas market. Cook said Tuesday on his official account on social media platform Weibo that he had met with Chinese university students using Apple products to boost sustainable farming practices.
Economy
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