Economy
Boeing's rescue by rival SpaceX 'embarrassing' and ill-timed
SpaceX is coming to Boeing's rescue. Because of problems with Boeing's Starliner spacecraft, two astronauts who rode on it to the International Space Station in June will finally return to Earth on a vessel built by Elon Musk's SpaceX. NASA's announcement Saturday of that plan represents a blow -- even a humiliation -- for Boeing, a historic partner of the American space agency.
Economists push back on Harris price gouging plan
Kamala Harris's price gouging policy has been criticized by economists and analysts, who say it is an uncompetitive proposal that could end up hurting, and not helping, US consumers. "Kamala will implement SOVIET Style Price Controls," he wrote in a social media post a day after the proposals were published.
Chinese cars make inroads in Latin America
Chilean truck driver Claudio Perez was dubious about his first purchase of a Chinese-made family car two years ago. Perez, 47, is one of millions of car buyers in Latin America to have made the shift from US- and Brazilian-built cars to Chinese models in recent years.
US unveils sweeping sanctions targeting Russia's wartime economy
The United States unveiled sweeping sanctions Friday against almost 400 individuals and companies tied to Russia's war in Ukraine, expanding existing measures to curb Moscow over the invasion of its neighbor.
US alleges software scheme to raise rent prices
US prosecutors unveiled sweeping antitrust charges Friday against a property management software company that they allege employs algorithms to enable collusion among landlords, harming renters across numerous US markets. The software then generates pricing recommendations, allowing landlords to charge more than they otherwise would, harming consumers.
“Invest and Earn”: FG invites Nigerians to purchase bonds and earn in dollars, lists conditions
The federal government of Nigeria has begun the issuance of$500 million domestic dollar bonds and has listed simple criteria for participation in bond.
UK PM tells China's Xi he hopes for 'honest' discussions
UK Prime Minister Keir Starmer told Chinese President Xi Jinping on Friday he hoped they could have "honest" discussions about thorny issues as they held the first call between leaders of the countries in over two years.
Dealers quote new prices for garri, potato, other food items, report shows cheapest states to buy
Recent market surveys have shown a drastic drop in the prices of food items across Nigeria, including garri, tomatoes, potatoes, pepper, and other essential items.
Nestle shares fall after CEO's surprise departure
Nestle shares fell Friday after the surprise departure of chief executive Mark Schneider, which followed slowing sales growth and bad headlines at the Swiss food group. Freixe, a Frenchman who joined Nestle in 1986, told investors on Friday that his "big focus" will be on sales growth and "market share gains".
Economy
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