The Islamic State West Africa Province (ISWAP) has narrated how its men captured and killed Brigade Commander, M Uba, after ambushing a military force in Borno
The globe's biggest luxury brands have dreamt of India's vast consumer base for decades, but navigating the market has proven to be a complex task. - 'Ticks all the boxes' – India's luxury market is still relatively small, but expanding rapidly.
German auto giant Volkswagen said Thursday it intended to appeal to the country's Federal Constitutional Court after losing a legal case linked to the "Dieselgate" scandal. Volkswagen said in a statement sent to AFP that the decision was "not final" and that it would "take legal action at the Federal Constitutional Court".
US sanctions on Serbia's largest oil producer, which is majority Russian-owned, will finally come into force on October 1, Serbian President Aleksandar Vucic said Thursday. So, from October 1, we will have sanctions imposed on the Serbian oil industry," Vucic said in a statement.
Commercial banks have increased their deposits with the Central Bank of Nigeria (CBN) via the Standing Deposit Facility (SDF) after interest rate cuts by CBN.
The United States has opened investigations into imports of medical equipment such as surgical masks, and industrial machinery, in moves that could lead to new tariffs. The medical equipment probe considers the effects on national security of imports of personal protective equipment (PPE), medical consumables and medical equipment including devices.
German industrial giant Bosch said Thursday it would cut 13,000 jobs, mostly in its auto unit, in the latest blow for the country's ailing car sector. - 'Social devastation' - While agreeing that the situation in the German automotive industry was "very tense", Frank Sell, head of the Bosch Mobility works council, vowed to fight the cuts.
The European Commission launched an antitrust probe into German software giant SAP Thursday over fears the company's practices may have distorted competition. "We are concerned that SAP may have restricted competition... by making it harder for rivals to compete, leaving European customers with fewer choices and higher costs," EU antitrust chief Teresa Ribera said in a statement.
US ticket sales giant Ticketmaster has agreed to make its pricing more transparent following widespread anger over the exorbitant costs paid by some fans for the Oasis reunion tour, Britain's competition watchdog said Thursday. The Competition and Markets Authority launched an investigation into the company last year over concerns that it had misled fans into buying costly tickets.
The Central Bank of Nigeria has intervened in the foreign exchange market, selling $52 million to authorised dealer banks to keep the naira stable.
Germany must move quicker with potentially painful reforms, experts warned Thursday, in the latest sign of unease at Chancellor Friedrich Merz's efforts to turn the struggling economy around. The Bild newspaper also reported Tuesday that business associations had berated Merz behind closed doors for moving too slowly on reforms.
Economy
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