Economy
After sacking board of Nigerian bank, CBN announces changes, names new directors, others
The Central Bank of Nigeria (CBN) has named a new board of directors in order to enhance Keystone Bank Limited's operations for long-term business growth.
UK train drivers back govt pay deal to end strikes
Train drivers in Britain have overwhelmingly accepted a government pay deal, their union said on Wednesday, ending a two-year dispute at 16 rail companies. Most train services in Britain are run by private companies that are awarded government contracts.
End of the party? Tupperware files for bankruptcy
Tupperware Brands and some of its subsidiaries have filed for Chapter 11 bankruptcy protection and are seeking a buyer, the food container firm said, after years of dwindling sales. The company said it would seek court approval for a sale process for the business to protect its brand and "further advance Tupperware's transformation into a digital-first, technology-led company."
Naira falls to new low in official market amid CBN’s new FX rules to BDCs
The naira depreciated by over N100 in the official market against the US dollar, trading at N1,656 per dollar on Tuesday, September 17, 2024, amid drop in inflation.
France's new PM warns of 'very serious' financial situation
France's budgetary situation is "very serious", Prime Minister Michel Barnier told AFP on Wednesday, saying more information was needed to gauge the "precise reality" of French public finances. "I am discovering that the country's budgetary situation is very serious," Barnier said in a statement to AFP. "This situation requires more than just pretty statements.
Taiwan company says exploding Hezbollah pagers made by Hungary partner
Taiwanese company Gold Apollo said Wednesday that the pagers used by Hezbollah members that simultaneously exploded and killed at least nine people were made by a Hungarian partner. There was no immediate comment from Israel on the explosions that killed nine people, including the 10-year-old daughter of a Hezbollah member, and wounded around 2,800 others. aw/fox-ros/jza/fg
French budgetary situation 'very serious': prime minister
France's budgetary situation is "very serious", Prime Minister Michel Barnier told AFP on Wednesday, saying more information was needed to gauge the "precise reality" of French public finances. "I am discovering that the country's budgetary situation is very serious," Barnier said in a statement to AFP. "This situation requires more than just pretty statements.
Fashion's Game of Thrones as creative heads play musical chairs
Who will take over at Chanel and where will Pierpaolo Piccioli go now that he has left Valentino? Not a month has gone by this year without its share of shock announcements: Piccioli left Valentino in March after more than two decades, with the Roman luxury brand announcing within a week the arrival of former Gucci head Alessandro Michele, whose official debut comes in Paris later this month.
Tupperware Brands files for bankruptcy
Tupperware Brands Inc and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, the food container firm said in a statement. The company said Tuesday it would seek court approval to continue operating during the bankruptcy proceedings and also seek approval for a sale process for the business to protect its brand.
Economy
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