Ahead of the 2027 elections in Nigeria, speculations are building that President Bola Ahmed Tinubu may drop VP Kashim Shettima from his political ticket.
About 1.8 million PoS operators may lose their businesses following the new directives by the Corporate Affairs Commission (CAC) to register before January.
Global technology giant Microsoft announced on Tuesday plans to invest $17.5 billion to help build India's artificial intelligence infrastructure, with CEO Satya Nadella calling it "our largest investment ever in Asia".
Production in Germany's key engineering sector plunged for a third straight year in 2025 as firms were squeezed by US tariffs and fierce Chinese competition, an industry group said Tuesday. An even bigger challenge was competition from Chinese companies that are increasingly rivalling German firms in more and more sectors, and in some cases benefitting from government subsidies, the VDMA warned.
France's social security bill was to go to a vote in parliament Tuesday, in a key hurdle for Prime Minister Sebastien Lecornu after he pledged to deliver a 2026 budget by year-end. On Tuesday afternoon, the lower house of parliament was to vote on the social security bill, which includes postponing the pensions reform until 2028, after the end of Macron's term in office.
Britain's railways will feature trains painted in the red, white and blue of the nation's Union Flag as underperforming train operators return to state ownership, the UK government announced Tuesday. Owing to poor service, some train operators already entered state ownership under the previous Conservative government.
BMW said Tuesday its head of production Milan Nedeljkovic will take over as chief executive as the German auto giant contends with challenges ranging from the electric shift to Chinese competition. Nedeljkovic currently oversees the group's factories worldwide, which produce both electric and combustion engine models on the same production lines.
Nigeria’s new tax law modernises administration, strengthens compliance, imposes fines and jail for offences, while reducing tax burdens for most citizens.
EU reassurances over its plan to use frozen Russian assets to help fund Ukraine have failed to quell worries about the untested scheme, the organisation holding most of the funds told AFP. "We've made very, very clear that we still have concerns," Guillaume Eliet, chief risk officer at Brussels-based clearing house Euroclear, told AFP in an interview.
International airlines expect to transport a record 5.2 billion passengers in 2026 despite global headwinds affecting the sector, the industry's trade association said on Tuesday. Global passenger numbers this year are expected just shy of the five-billion figure, at 4.98 billion, up from 4.77 billion in 2024 the previous record figure. tq/jh/tw
Greece's government was on Tuesday scrambling to keep angry farmers from blocking key infrastructure after airports were occupied on Crete in a growing nationwide protest for agriculture funds. On Monday, farmers on the island of Crete broke through police lines and occupied the main airports of Heraklion and Chania, forcing several flights to be cancelled or rescheduled.
Economy
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