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High costs, slowing China: VW's perilous road ahead
After Volkswagen's bombshell announcement earlier this month that it could close factories in Germany for the first time, company management and unions will begin tense talks on a new pay deal Wednesday. Production costs in Germany are "clearly too high", said a leaflet from VW's management distributed to the workforce at several sites in the country ahead of the talks.
Asian markets boosted again after another Chinese rate cut
Most Asian markets built on a global rally Wednesday as China announced another interest rate cut the day after unveiling a series of measures to boost the country's ailing economy.
China cuts another key interest rate to boost economy
China's central bank on Wednesday said it would slash another key interest rate, a day after it unveiled a raft of new measures aimed at boosting its ailing economy. "China's slew of monetary easing measures have done little to stimulate the economy in recent years," China Beige Book's Shehzad Qazi, told AFP. "Rate cuts are no longer enough to boost growth in China," he said.
Restarting nuclear power plants: the unprecedented gamble in the US
Two American energy companies are each preparing to bring a nuclear power station back into service, an unprecedented operation which should help meet the growing need for electricity in the United States.
Ballon d'Or 2024: Neymar insists "there's no better" player than Vinicius
Former FC Barcelona superstar, Neymar Junior, has once again thrown his weight behind Real Madrid's Vinicius to clinch the 2024 Ballon d'Or Award.
Crypto CEO and Bankman-Fried ex Caroline Ellison gets two-year sentence
Crypto CEO and Bankman-Fried ex Caroline Ellison gets two-year sentence
New York area port prepares for possible US strike disruption
New York area shipping officials urged customers to immediately retrieve their cargo ahead of a possible strike next week which would impact major US ports, according to a letter released Tuesday.
"Finally woken up": Group blasts Governor Dauda Lawal Over Attacks on Matawalle
Governor Dauda Lawal of Zamfara State has come under fire from civil society groups for his continued public criticism of his predecessor, Dr. Bello Matawalle.
VDM drags Falz & his father into Bobrisky's case, alleges crossdresser bribed them N10M for pardon
VDM has accused Bobrisky of bribing Falz and his father, Femi Falana, with N10 million while he was in prison to clear his name in the money laundering scandal.
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