Nigeria's electoral body, INEC has taken the final position between Nyesom Wike and Seyi Makinde factions in the PDP amid the rift between the opposition leaders.
Telefonica will cut up to 5,500 jobs in Spain under a voluntary departure plan agreed with trade unions last week, the debt-laden telecoms firm said in a statement on Monday. "An agreement was reached with the trade unions... concerning the implementation of a voluntary departure plan for approximately 5,500 workers," Telefonica said in a statement released via the stock market regulator.
President Donald Trump's second term has seen the United States go all-in to boost Big Oil and block renewables -- yet a wave of state and local climate-damage lawsuits against the fossil fuel industry continues to advance. Results in the cases have so far have been mixed: oil firms have won dismissals in some states, while others have allowed cases to advance.
Brazil, India, Italy and Japan vowed Tuesday to quadruple their production and consumption of renewable fuels, hoping other countries will join the pledge during UN climate talks in November. The pledge involves quadrupling the production of sustainable fuels such as biofuels, hydrogen and some synthetic fuels by 2035, compared to 2024 levels.
Robust dealmaking activity and strong trading results helped boost US bank earnings Tuesday despite lingering worries about a softening job market and a potentially overvalued stock market.
Three of France's main telecom groups said Tuesday they lodged a joint bid for SFR, a debt-laden rival struggling to keep up in an increasingly competitive market. If the takeover bid is successful, Bouygues would acquire 43 percent of SFR's operations, Iliad 30 percent and Orange 27 percent.
The Bank of Industry has launched the GLOW Fund, a ₦10 billion initiative to help women entrepreneurs access guaranteed loans and grow their businesses easily.
US authorities on Tuesday unsealed an indictment against Chen Zhi, a UK-Cambodian businessman accused of running forced labor camps in Cambodia where trafficked workers carried out cryptocurrency fraud schemes that netted billions of dollars.
Scam centres in Myanmar blamed for swindling billions from victims across the world are expanding fast just months after a crackdown that was supposed to eradicate them, an AFP investigation has found. China, Thailand and Myanmar forced pro-junta Myanmar militias who protect the centres into promising to "eradicate" the compounds in February.
China, the European Union and several other members of the International Maritime Organization reaffirmed their support on Tuesday for ambitious plans to cut shipping emissions, despite US threats.
US Federal Reserve Chair Jerome Powell warned Tuesday that risks to employment had risen in recent months, noting there had been a sharp slowdown of job creation in the world's leading economy.
Economy
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