Economy
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.
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.
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 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.
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 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.
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.
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 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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