Economy
Ending a strike involving more than 30,000 of Boeing's Seattle-area workers is "a top priority" for the aviation giant, chief executive Kelly Ortberg said in a message to staff Friday. "Ending the strike is a top priority," said Ortberg.
Representatives from the Dangote Refinery and domestic crude oil refiners have declared their opposition to major Nigerian oil marketers beginning to import PMS.
Argentina's President Javier Milei has plans to turn his country, which has one of the lowest rates of artificial intelligence (AI) use on the continent, into a world leader in the field.
The sole holdout in the US Federal Reserve's 11-to-1 vote cementing a larger interest rate cut said Friday that the move "could be interpreted as a premature declaration of victory." "I see the risk that the Committee's larger policy action could be interpreted as a premature declaration of victory on our price stability mandate," Bowman said.
Central banks face a "difficult balancing act" as they start lowering interest rates around the world in the face of falling inflation, the head of the IMF said Friday. "Central banks face a difficult balancing act," Georgieva said.
The Afreximbank has declared that the depreciation of the naira may scare away investors and it poses a big risk for future investments in the country.
Three Mile Island, the site of America's worst nuclear accident, will restart operations to provide power to Microsoft, Constellation Energy announced Friday. Constellation Energy expects the Three Mile Island reactor to go back online in 2028.
President Bola Tinubu has reacted to the announcement of Coca-Cola Hellenic Bottling Company (CCHBC) plans to invest over $1 billion in Nigeria over 5 years.
UK state debt is as big as the country's economic output for the first time since the 1960s, data showed Friday, as the new government warns of tough fiscal decisions before its maiden budget. - 'Tough decisions' - Friday's data also showed "the highest August borrowing on record, outside the (Covid) pandemic", Darren Jones, a senior official at the UK Treasury, said in a statement.
Economy
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