Economy
China youth unemployment jumps to 17.1% in July
Youth unemployment in China ticked up to 17.1 percent in July, official figures showed, the highest level this year as the world's second-largest economy faces mounting headwinds. - Disappointing data - Among 25- to 29-year-olds, the unemployment rate stood at 6.5 percent for July, up from the previous month's 6.4 percent.
New Boeing CEO pledges to 'reset' relations with machinists
Boeing's new boss said Friday he was looking to "reset" relations with a key union representing tens of thousands of its workers, amid negotiations for a new labor contract.
Skiing in Lesotho: an African adventure under pressure
High in the wintry mountains of Lesotho, Sharon Kadangwe from Malawi is learning to ski on a strip of snow that runs down a dry, brown slope at southern Africa's only ski resort. Surrounded by the brown mountains of a country that is in drought at the lower altitudes, the resort's three small slopes are this year layered in artificial snow created with water pumped from eight nearby dams.
New bank launches head office, invites Nigeria to apply for loan without interest
The Alternative Bank has opened its headquarters and workspace at the Marina branch and Alternative Bank Head Office Workspace according to a recent development.
Workers at world's biggest copper mine in Chile suspend strike
Workers at the world's largest copper mine in Chile suspended a strike launched earlier this week and restarted negotiations with Australian mining giant BHP, the union and management announced Friday.
Nigerian Airline slashes airfare cost, invites Nigerians to apply for ‘cheap’ ticket
Qatar Airlines has expanded its cooperation with Access Bank to provide up to a 12% discount on business and economy class tickets to Access Bank clients.
FG set to launch new investment opportunity for Nigerians, unveils $500m dollar bond
The Federal Government of Nigeria has unveiled a groundbreaking investment opportunity that promises to not only secure the financial future of investors.
EU presses Meta on plans after disinformation tracker axed
The EU on Friday formally requested that Meta detail steps it is taking on transparency after the Facebook and Instagram owner scrapped a widely-used tool for tracking disinformation online. Brussels launched a formal investigation into Meta's Facebook and Instagram in late April, five weeks before bloc-wide elections in June, over concerns the platforms were failing to counter disinformation.
US to award chipmaker Texas Instruments up to $1.6 bn
The US government said Friday it has signed a preliminary agreement with semiconductor manufacturer Texas Instruments to give the company up to $1.6 billion to help fund new facilities in the country. The money would give a boost to TI's planned investment of more than $18 billion through the end of the decade to build three new facilities, the Commerce Department said in a statement.
Economy
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