Economy
Musk finally unveiling his long-promised robotaxi
Elon Musk has been promising a car that can drive itself for years, pledging a series of reveals that never materialized. As many car makers have found, self-driving is tricky.
US consumer inflation eases to 2.4% in September
US consumer inflation cooled slightly less than expected last month, according to government data published Thursday, providing further evidence that price pressures are easing ahead of November's presidential election.
Expert reacts as petrol price increases again, gives realistic solutions
As the economy continues to face severe challenges, Muda Yusuf declared on Wednesday that the latest increase in gas prices is regrettably "ill timed."
Lagos, Abuja, and Abia lead 6 Nigerian states with most foreign investments in one year
About six Nigerian states attracted foreign investors between June 2023 and June 2024. A new report by NBS said Lagos led the states with $5.95bn in investments.
New French government faces key test with budget plan
New French Prime Minister Michel Barnier faces a major test Thursday as he presents a deficit-slashing budget to his cabinet before submitting it to a largely hostile parliament. If the opposition parties in parliament come out against the budget draft law, the government has the option of forcing it through without a vote under article 49.3 of the French constitution.
Ikea posts fall in annual sales after lowering prices
Ikea reported Thursday that its annual sales fell in value after the world's biggest furniture retailer lowered prices to revive traffic at its online and brick-and-mortar stores. Ikea said physical store visits increased by 4.5 percent following the price drops while online traffic jumped by 21 percent.
Nigeria Tax Bill 2024: A comprehensive framework for taxation
President Bola Tinubu's proposed Tax Bill will be a game-changer in the taxation system as it seeks to streamline and collapse taxes into one capsule.
7-Eleven owner restructures to fight takeover
The owner of 7-Eleven announced a major restructuring on Thursday as it seeks to boost its share price and fend off what would be the biggest foreign takeover of a Japanese firm. An improved share price would also make a takeover attempt by ACT more expensive for the Canadian firm, while also easing pressure from shareholders pressing management to restructure.
Chinese electric car companies cope with European tariffs
MG Motor, BYD and other Chinese electric car manufacturers say they will maintain their low sticker prices in Europe even after being hit with hefty tariffs this month. MG, the best-selling Chinese electric car brand in Europe, says it will guarantee its prices until the end of 2024, having stockpiled cars before the duties took effect.
Economy
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