Economy
Boeing delivers 27 MAX jets in September despite strike
Boeing delivered 33 new aircraft to customers in September in spite of a labor strike of Seattle-area workers that has shuttered two major assembly plants, the company said Tuesday. Boeing also delivered four 787 Dreamliner planes, which are assembled at a non-union plant in Charleston, South Carolina that is not out on strike.
US trade gap narrowest in five months as imports slip
An uptick in exports and a fall in imports brought the August US trade deficit to its narrowest in five months, according to government data released Tuesday. The goods deficit with China -- a point of contention during the trade war between the United States and China -- slid by $2.6 billion to $24.7 billion in August, according to Commerce Department data.
After repaying N6trn debt, Tinubu's govt successfully secures fresh $1bn loan from World Bank
President Bola Ahmed Tinubu has secured new loans worth over $1 billion from the World Bank as his government hopes to improve the livelihood of Nigerians.
China says to take anti-dumping measures against EU brandy imports
China said on Tuesday it would impose anti-dumping measures on brandy imported from the European Union, marking the latest salvo in an escalating trade row between Beijing and Brussels.
Lotus Bank opens new branch in Lagos, CEO shares plans for customers
A new branch of LOTUS Bank Limited opened in Lekki to serve the expanding population of the region and its environs with improved financial services.
'Appeals Centre' to referee EU social media disputes
An independent appeals panel was unveiled Tuesday to decide disputes between social media firms and their users in the European Union over content posted on their platforms. "The body will initially decide cases relating to Facebook, TikTok and YouTube, aiming to include more social media platforms over time," the board said in a statement.
Top economic official 'confident' China will hit 2024 growth target
China's top economic planner said Tuesday that authorities were "fully confident" the country would hit its economic growth targets for the year, after last month announcing a series of stimulus measures that sent stock markets soaring. "We are fully confident in achieving the goals of economic and societal development for the year," the top economic planner said.
COP29 fight looms over climate funds for developing world
The developing world needs trillions of dollars in climate aid, but who should pay for it? China, like some other developing countries, actually pays climate finance, it just does so on its own terms.
Shanghai stocks soar to extend stimulus rally amid Asia-wide drop
Mainland Chinese stocks roared ahead Tuesday as traders returned from a week-long break to resume a blistering rally fuelled by a raft of measures aimed at reigniting the world's number two economy. Investors have been racing back into mainland and Hong Kong stocks since authorities last month began announcing a raft of stimulus measures to reverse a long period of tepid economic growth.
Economy
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