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.
Mexico, under pressure not to serve as a back door for Chinese goods entering the United States, has proposed a 50-percent duty on car imports from the Asian giant -- up from 15-20 percent. The White House has said Chinese producers are abusing a free-trade deal between the United States, Mexico and Canada to send goods northward over the Mexican border tariff-free.
Labor leaders reached a tentative agreement with Boeing that could resolve a strike in the aviation giant's defense business, the union announced Wednesday. The strike comes on the heels of a much larger stoppage in Boeing's commercial aviation business involving some 33,000 workers who halted production at Pacific Northwest factories for more than seven weeks. jmb/dw
Merck, the US pharmaceutical group, said on Wednesday it has dropped plans to build a $1.4-billion research centre in Britain, blaming the country's "lack of investment" in the sector and its drugs prices.
Billionaire Elon Musk is at risk of losing his title of world's wealthiest person to Oracle co-founder Larry Ellison, whose software giant stands poised for massive AI riches. Ellison, 81, amassed more than $100 billion in additional wealth Wednesday as Oracle shares skyrocketed after the nearly 50-year old company forecast massive revenue growth amid the artificial intelligence investment boom.
Italy is expected to enjoy a good 2025 harvest and clinch the world's leading producer label once again, according to estimates presented Wednesday by Italy's agriculture ministry and its wine union. Overall, Italy is regaining a lead over France, the world's second largest producer, and expected to produce 37.4 million hectolitres.
The disparity between the official foreign exchange window and the black market has narrowed to just N10 as the naira continued its surge in the forex market.
A US Senate committee on Wednesday advanced the nomination of President Donald Trump's choice to join the Federal Reserve board, despite concerns that he might not resign from the White House even if confirmed. Stephen Miran, who chairs the White House Council of Economic Advisers (CEA), passed the Senate Banking Committee's vote by 13-11, with Democratic lawmakers opposing the advancement.
US producer prices unexpectedly fell in August, government data showed Wednesday, driven in part by a pullback in energy and trade -- and prompting President Donald Trump to renew calls for lower interest rates. He reiterated his calls for Federal Reserve Chair Jerome Powell to lower rates "right now," calling the central bank chief "a total disaster."
Oracle shares surged more than 35 percent in early trading Wednesday after the software giant projected massive revenue growth based on contracts tied to artificial intelligence. Oracle projected that its cloud business revenues would grow 77 percent in the current fiscal year to $18 billion.
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