Economy
How to bring Boeing astronauts home? NASA to decide by end of month
NASA needs to decide by the end of August whether to return two astronauts to Earth aboard Boeing's Starliner, which flew them to the International Space Station (ISS), or bring them home on a rival SpaceX craft, officials said Wednesday.
FG begins duty-free import on rice and other food items, FG to forfeit N187bn from policy
The Nigeria Customs Service (NCS) has disclosed that the federal government will forfeit N187 billion while implementing a 150-day duty-free window on food items.
Meet 9 oil-producing states and governors with most allocations, derivation funds in 2024
About nine oil-producing states in Nigeria have received N341.59 billion in the first half of 2024, with Delta, Akwa Ibom, Bayelsa, Edo and Rivers leading the pack.
US consumer inflation sees smallest annual rise since 2021
US consumer inflation eased slightly in July, according to government data published Wednesday, its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting interest rates. The July CPI data are good news for US Federal Reserve as it weighs the right time to start bringing interest rates down from a 23-year high.
Mars to acquire Pringles maker Kellanova for nearly $36 bn
M&M's and Snickers maker Mars said Wednesday that it would acquire snack food business Kellanova, marking a multibillion dollar agreement set to result in a new industry giant. This would bring two new billion-dollar brands, Pringles and Cheez-It, into its business.
US consumer inflation records smallest annual rise since 2021
US consumer inflation eased slightly in July, according to government data published Wednesday, its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting interest rates. The July CPI data are good news for US Federal Reserve as it weighs the right time to start bringing interest rates down from a 23-year high.
Foxconn net profit rises in second quarter on AI demand
Taiwanese tech giant Foxconn on Wednesday reported a six percent jump in net profit for the second quarter of the year, driven by strong growth in demand for artificial intelligence servers. It said Wednesday that net profit for April-June rose to NT$35.05 billion (US$1.08 billion) from NT$33 billion in the same period last year.
Three years after Taliban return, economic woes loom large
Despite three years of improved security following the end of the Taliban's insurgency, Afghanistan's economy remains stagnant and its population is in the grips of a worsening humanitarian crisis. Though Afghans welcome the improved security in their lives, many are just trying to make ends meet.
Workers strike at world's biggest copper mine in Chile
Workers at the world's largest copper mine in Chile are striking after pay talks with Australian resources giant BHP fell apart, casting a shadow of uncertainty Wednesday over the market for the commodity. The Escondida mine in northern Chile yearly digs up around five percent of the world's copper, a coveted metal used in everything from electrical wiring to rechargeable batteries.
Economy
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