Economy
Iconic Paris hotel Lutetia taken over by Mandarin Oriental
The historic Lutetia hotel in Paris, occupied by the Nazis during World War II and after liberation serving as a welcome centre for concentration camp survivors, was on Thursday taken over by luxury hotel group Mandarin Oriental. Originally baptised with the Roman name for Paris, the hotel will be renamed Mandarin Oriental Lutetia from Thursday.
'Shocking': US tariffs worse than feared for Vietnamese exporters
At a garment factory in Ho Chi Minh City that exports T-shirts and underwear to the United States, staff were alarmed by "shocking" trade tariffs imposed on Vietnam that could severely impact their business. "It's truly shocking," said Tran Nhu Tung, board chair at Thanh Cong, a factory in Ho Chi Minh City that makes clothes for DKNY and Walmart, among others.
Lagos state govt targets N5 billion sales at 2025 tourism fair with Naija Brand Chick
This is the second time the Lagos state government is partnering with the NaijaBrandChick to organise the tourism fair, with 220 vendors and over 75k buyers expected
Tesla sales fall again in Germany amid Musk backlash
Tesla sales plunged again in Germany last month even as the broader electric car market rebounded, data showed Thursday, the latest sign of a growing backlash against billionaire owner Elon Musk. Overall in March, the number of new vehicle registrations in Germany fell to 253,497, down 3.9 percent from a year earlier, the latest sign of weakness in the market.
CBN finally speaks on release of new N5,000, N10,000 notes, declares highest FX reserves in 3 years
The Central Bank of Nigeria (CBN) has described as untrue the purported release of N5,000 and N10,000 banknotes, saying the report was not from the bank.
Billionaire Tony Elumelu's company set to hit 100,000 barrels of oil production daily
Local refineries like the Dangote and Edo Refineries will soon have more options of where to purchase crude oil, as Heirs Energies has shared plans to hit 100k bpd.
India eyes opportunity despite Trump tariffs hit
India reacted cautiously on Thursday to US President Donald Trump's sweeping tariffs, with the government saying it was examining both "implications" and "opportunities" from the duty hikes. India's Department of Commerce said on Thursday it is "carefully examining the implications of the various measures".
Germany slams Trump tariffs, US tech titans in crosshairs
German Chancellor Olaf Scholz on Thursday slammed sweeping new US tariffs as "fundamentally wrong" as Berlin warned that the European Union could retaliate by targeting American tech titans. US duties of 25 percent on imported cars also took effect Thursday, a huge blow for German titans like Volkswagen, Mercedes and BMW, for whom the United States is a major export market.
India says 'examining the implications' of US tariffs
India said Thursday it was "examining the implications" of sweeping US tariffs, saying it was eyeing "opportunities" after rival competitors were harder hit by US President Donald Trump's hike in duties.
Economy
Load more