Economy
US weighs Google breakup in landmark trial
The US Department of Justice said on Tuesday it would demand that Google make profound changes to how it does business and even consider the possibility of a breakup, after the tech juggernaut was found to be running an illegal monopoly.
7-Eleven owner confirms new takeover offer from Couche-Tard
The Japanese owner of 7-Eleven said on Wednesday it had received a "revised" takeover offer from Canadian rival Alimentation Couche-Tard after rejecting an initial bid worth around $40 billion.
Dollar crashes in official market as CBN speaks on deposit safety in banks, naira gains
The naira's exchange rate rose by 4.49 per cent in the official market on Tuesday, October 9, 2024, closing at N1,561 as against N1,635 on Monday, October 8, 2024.
Can carbon credits help close coal plants?
A few dozen kilometres from the Philippine capital Manila sits a coal plant that some hope could be a model for how developing countries can quit the polluting fossil fuel. "There's not one coal plant, of all the 4,500 in emerging markets and developing countries, that has been shut down and replaced with clean power," said Curtin.
Boeing suspends negotiations with striking workers
Boeing on Tuesday suspended negotiations with its striking workers as it accused the International Association of Machinists and Aerospace Workers (IAM) of making unreasonable demands and withdrew its offer. "Given that position, further negotiations do not make sense at this point and our offer has been withdrawn."
7-Eleven owner's shares spike on report of new buyout offer
Shares in the Japanese owner of 7-Eleven surged Wednesday following reports that Canada's Alimentation Couche-Tard (ACT) had hiked its takeover offer by almost 20 percent. But Bloomberg News and Japan's Nikkei business daily reported Wednesday that ACT, which owns the Circle K brand, had upgraded its offer to $18.19 per share, or a total of around seven trillion yen ($47.2 billion).
Your 'local everything': what 7-Eleven buyout battle means for Japan
In Japan more is at stake than money in the mammoth takeover battle for 7-Eleven, the world's biggest convenience chain, by Canadian retail giant Alimentation Couche-Tard. But the Canadian group, which owns Circle K and runs nearly 17,000 outlets worldwide, has vowed to pursue what would be the biggest foreign takeover of a Japanese firm.
Chinese shares drop on stimulus upset, Asia tracks Wall St higher
Stocks in mainland China and Hong Kong fell Wednesday in a volatile start a day after Beijing left investors disappointed over a lack of fresh stimulus and scant detail on its plans for implementing a raft of measures already unveiled.
The US economy is solid: Why are voters gloomy?
Cooling inflation, low unemployment, robust economic growth and... downbeat voters. While Harris has narrowed Trump's lead, polls have suggested voters favor the former president on economic issues.
Economy
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