Nigeria’s fuel subsidy to cost $9.6 billion in 2022 as oil prices rise.
With rising oil costs caused by the Russia-Ukraine war, Nigeria’s petrol subsidy scheme might cost 4 trillion naira ($9.6 billion) this year, up from 443
African nations are trapped in a debt cycle, as Chinese loan repayment exceeds the amount they receive in new loans.
China's position as a major lender to developing countries has changed over the past ten years, with fresh loans to poorer nations drastically declining while
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
Telkom and the South African regulator strike an agreement on the spectrum auction.
Telkom SA of South Africa announced on Friday that it has struck an out-of-court deal with the country’s telecoms regulator, ICASA, putting an end to
Russian missiles demolish a munitions depot at Myrhorod Air Base in central-eastern Ukraine
According to the Interfax news agency, Russian forces destroyed ammo storage at the Myrhorod Air Base in central-eastern Ukraine, citing Russia’s Defense Ministry. According to
Shell attributes billions in cash outflows to oil and gas margin calls.
Shell announced on Thursday that it redirected $7 billion of its cash flows to settle huge oil and gas margin calls, making it the first
Ukraine: Kramatorsk train hub tragedy, as Russian missile kills 30, wounded 100.
As Russian troops withdraw to focus on eastern Ukraine, Ukrainian leaders expect more grim findings in recovered cities and towns. On Friday, a Russian rocket
French man who planted a parcel bomb at the Cathedral of Toulouse hunted by police.
Police were looking for a man who planted a parcel bomb in the Cathedral of Toulouse in southwestern France on Friday, just days before the
Buffett’s Berkshire Hathaway discloses a $4.2 billion stake in HP, propelling it to a record high.
The stock of HP Inc rocketed to a new high on Thursday after Warren Buffett’s Berkshire Hathaway Inc announced it had purchased an 11.4 percent
Biden hits Putin’s adult daughters with “war crimes” sanctions, EU to follow suit.
On Wednesday, President Joe Biden announced a new round of financial penalties against Russia, which he claims will have a long-term impact on the country’s
New Russian oil trades are rejected by China’s state refiners.
China’s state refiners are honoring current Russian oil contracts but avoiding new ones despite deep discounts, heeding Beijing’s demand for prudence as western sanctions against
Russia’s inability to overthrow Kyiv was a historic setback.
Kyiv was a historic Russian defeat. The invaders got off to a bad start in the battle, and things only got worse from there. After
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