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Germania
German new car sales stumble in October
FRANKFURT - German new car sales saw a sharp dip in October after two months of strong growth, official data showed on Wednesday.
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Nigeria
EU to spend €150m grant on Nigeria’s power sector
The European Union will spend €150m (N50bn) on the development of power sector in Nigeria, Mr. Michel Arrion, the Ambassador and Head of EU Delegation to Nigeria, said on Wednesday. Arrion made this known at the 5th Edition of EU-Nigeria Business Forum pre-event news conference in Lagos. He said that ...
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Nigeria
We’re yet to receive FX concession from CBN – Foreign Airlines
The Association of Foreign Airlines’ Representatives in Nigeria on Wednesday said its members had yet to benefit from the concession granted to them to access foreign exchange at the inter-bank foreign exchange market. The AFARN President, Mr. Kingsley Nwokoma, said in Lagos that the present exchange rate was seriously affecting their ...
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Nigeria
‘Nigeria to begin rice export in five years’
An International Consultant, FADAMA III Additional Financing, Prof. Bola Okuneye, has said that Nigeria would begin exportation of rice in the next five years. Okuneye spoke on Wednesday at Amanuke, Awka North Local Government Area of Anambra, when the FADAMA III AF team visited its rice farmland to ascertain level ...
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Nigeria
IYC faults Senate’s probe of NDDC boss
Chukwudi Akasike, Port Harcourt THE Ijaw Youth Council has said the Senate Committee on Public Account has no business summoning the Acting Managing Director of Niger Delta Development Commission, Mrs. Ibim Semenitari, because it has no supervisory powers to do so. The IYC, Eastern Zone, which came in defence of ...
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Cina Giappone
China’s premier asks Japanese business leaders to back momentum of improving ties
Premier Li Keqiang is urging the Japanese business community to support and propel the current momentum of improving bilateral ties. In a speech to business and former government leaders from the two countries in Beijing on Tuesday, Li said: “Frankly speaking, the foundation of China-Japan relations is not solid enough,” ...
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Giappone
Dollar plunges below ¥103.70 as Trump roars back in poll
The dollar plunged below ¥103.70 in Tokyo trading Wednesday amid uncertainty over the U.S. presidential election, fueled by a media poll in which Donald Trump was leading Hillary Clinton. At 5 p.m., the dollar stood at ¥103.65-65, down from ¥104.92-93 at the same time Tuesday. The euro was at $1.1073-1073, ...
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Giappone
Tokyo stocks slump on concern Trump could be elected U.S. president
The Tokyo Stock Exchange slumped Wednesday, dragged down by overnight drops in overseas equities and the yen’s ascent amid uncertainty over the U.S. presidential election. The Nikkei 225 plunged 307.72 points, or 1.76 percent, to close at 17,134.68. On Tuesday, the key market gauge gained 17.38 points. The Topix ended ...
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Giappone
After Japanese merger, world’s biggest shipping company hopes for more
A.P. Moller-Maersk A/S, owner of the world’s largest container line, said mergers like the combination of its three main Japanese rivals provide relief to an ailing industry that has been characterized by over-capacity. Nippon Yusen KK, Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd. said Monday they plan to ...
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Nigeria
Common tariff to benefit West African economy- Official
The Director-General, Budget Office, Mr. Ben Akabueze, said on Wednesday that the implementation of the Common External Tariff (CET) would benefit the West African economy and improve welfare of its citizens. He made the remarks at the Validation Meeting on the Draft Report on the Situation and Gap Analysis of ...