The Nigeria Labour Congress and the Trade Union Congress have called a national strike beginning October 3, 2023. This follows what the Labour Unions described as the government’s “failure” to properly execute programs to ameliorate Nigerians’ miseries following the elimination of the Premium Motor Spirit subsidy. During a virtual NationalContinue Reading
China property stocks tumbled on Monday, led by a 25% drop in Evergrande Group, as investors worried about the company’s massive debt pile and the potential impact on the broader sector. In a filing with the stock exchange, developer China Oceanwide Holdings added to investor worries by stating that aContinue Reading
Skomota is a Kenyan bettor who won a record Ksh.221 million (approximately $2 million) bet on Betika last month. He placed a Ksh.1,100 bet on 17 football matches, all of which he won. Skomota is the biggest winner in Betika’s history, and his win has made him a celebrity inContinue Reading
Citigroup is a global financial services company headquartered in New York City, United States. It is one of the largest banks in the world, with over 200 million customer accounts in more than 100 countries. Citigroup offers a wide range of financial products and services, including personal banking, commercial banking,Continue Reading
On Thursday, the Turkish central bank increased its benchmark interest rate by 500 basis points, from 25% to 30%, as Ankara continues to struggle with double-digit inflation. Inflation in Turkey has been soaring in recent months, reaching 58.94% in August 2023. This is the highest level of inflation in TurkeyContinue Reading
Germany’s slowing growth is a major concern for the European Union (EU). Germany is the largest economy in the EU, and its growth is essential to the overall health of the bloc. In 1998, Germany first became known as a country that had managed the costly challenges of post reunificationContinue Reading
The 16-year-old woman who has accused Russell Brand of molesting her when he was 31 today blamed the BBC for the incident, alleging the actor’s Radio 2 driver took her up from school. The woman claims to have been in a three-month romance with Brand when she was just 16Continue Reading
Databricks, a producer of software for data analytics and AI, has secured a Series I round for more than $500 million, giving it a $43 billion valuation. According to Crunchbase data, the most recent fundraising round has elevated Databricks to the eighth-most valuable private firm in the world. Databricks, aContinue Reading
The French government has announced that it will temporarily lift a ban on retailers selling road fuel below cost in an effort to stem inflationary pressures on households. The move comes as fuel prices have surged in recent months, driven by high oil prices and the war in Ukraine. PrimeContinue Reading