-
Nigeria
Nigeria must put its foreign exchange folly behind it
Nigeria has recorded a third successive quarter of negative economic growth. The recession, together with the profound structural challenges posed by the dependence of the economy on oil, calls for a serious political response. President Muhammadu Buhari must respond with decisive action and a clear vision that will restore confidence ...
-
Nigeria
Clearing agent arrested for hiding N4bn drug in hair
Afeez Hanafi A 42-year-old clearing agent, Daniel Unegbu, has been arrested in connection with 83.4 kilogrammes of drug that tested positive for ephedrine at the Murtala Muhammed International Airport, Lagos State. Unegbu was apprehended with two other suspects –Joseph Ettah, 28, and Bright Wopara, 31 – by operatives of the ...
-
Nigeria
Sokoto wants FG to outlaw Shitte sect
Adeniyi Olugbemi, Sokoto The Sokoto State Government is prepared to champion the enactment of a national law that will ban all associations that seeks to threaten the peace and harmonious coexistence of the people of Nigeria. The Attorney General and Commissioner for Justice of Sokoto State, Suleiman Usman, said this ...
-
Giappone Myanmar
ANA plans to start flights from Myanmar
TOKYO - ANA Holdings Inc has invested in a new airline venture in Myanmar that aims to start international flights in 2018 as the Japanese carrier seeks to capture demand in Asia’s fastest-growing economy.
-
USA
Philips to sell Lumileds majority share for $1.5bn
THE HAGUE - Dutch electronics giant Philips announced Monday the sale of a majority share in its Lumileds LED lighting business for $1.5 billion, after cancelling the sale earlier this year over US regulatory concerns.
-
Giappone
EU slaps €166 million fine on Sony, Sanyo, Panasonic battery units over price cartel
The European Commission said Monday it has fined Sony Corp., Panasonic Corp. and Sanyo Electric Co. a total of €166 million ($176 million) for collusion on the pricing of rechargeable lithium-ion batteries. The commission said the companies had formed a price-fixing cartel together with South Korea’s Samsung SDI Co. between ...
-
Giappone
Firm’s monitoring equipment fails to detect pipeline spill of 176,000 gallons of oil into North Dakota creek
Officials estimate more than 176,000 gallons of crude oil leaked from a pipeline into a North Dakota creek. State environmental scientist Bill Suess (sees) says a landowner discovered the spill on Dec. 5 near Belfield. Suess says the oil has migrated more than 5 miles from the spill site along ...
-
USA Giappone
Trump tweet targets F-35 costs, causes major employer Lockheed Martin to lose $4 billion in market value
President-elect Donald Trump is vowing to corral the “out of control” cost of the F-35 Joint Strike Fighter. But congressional Republicans and Democrats, aware of the tens of thousands of jobs the aircraft generates in 45 states, will be wary of any plans by Trump to cut the program. A ...
-
Malta
MSE share index upward trend halted
Following five consecutive sessions of gains, the MSE Share Index eased minimally lower during this morning’s trading session to 4,505.431 points as the declines in IHI and Malta Properties offset the positive performances of six other equities. The share price of Lombard Bank Malta plc climbed by 4.7% to regain ...
-
Portogallo Spagna
Spain may move its clock back one hour, reversing Franco decision
Spain's government will consider reversing a decision taken by dictator Francisco Franco and moving the country's clocks back one hour to normalise its working hours, the Spanish labour minister said on Monday. Spain was originally in the Greenwich Mean Time (GMT) zone along with Britain and Portugal, with which it is ...