Category: Business
Shares skid in Asia in sell-off of AI-related shares as Brent oil trades near $100 per barrel
BANGKOK — Shares skidded Friday in Asia after Brent crude shot to its highest price since May as heavy fighting in the Middle East again threatened to slow the global flow of oil and gas. U.S. futures were little changed after tumbles for two of Wall Street’s most influential companies, Alphabet and Tesla, yanked U.S. stocks to their worst loss in a…
claims of foreign labor dismay and anger trading partners
BANGKOK — U.S. President Donald Trump’s latest set of tariff hikes drew heated objections Friday from America’s trading partners, with Australia’s trade minister slamming them as “completely unjustified.” The administration announced extra tariffs of 10% to 12.5% on 60 economies late Thursday, saying the countries had failed to adequately enforce a ban on goods made…
TotalEnergies’ Q2 Net Profit Doubles to $5.4bn Amid Middle East Conflict
TotalEnergies said net profit came in at $5.4 billion for the April-to-June period, up from $2.7 billion in the same period last year. A photograph shows the logo of TotalEnergies at the Total Energies refinery site, in Gonfreville-l’Orcher, near Le Havre, northwestern France, on October 5, 2022. Photo by LOU BENOIST / AFP French oil and…
‘Without competitive manufacturing, Nigeria risks missing AfCFTA gains’
CPPE Director, Dr. Muda Yusuf Nigeria’s ambition to build a globally competitive manufacturing economy will depend less on industrial policies and more on the country’s ability to create a business environment that supports enterprise, investment and productivity, Chief Executive Officer (CEO) of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has said. Speaking at…
Nigeria’s economy resilient to global shocks, Cardoso assures
CBN Governor, Olayemi Cardoso Senate moves to tighten oversight on foreign aid The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared that Nigeria’s economy has become increasingly resilient to external shocks, assuring lawmakers that recent monetary reforms have strengthened the country’s capacity to withstand global economic turbulence. Cardoso gave the assurance during an…
Oil prices surge past $95 as US-Iran strikes intensify
File photo. Crude oil World oil prices jumped on Wednesday, with the benchmark international contract Brent North Sea crude surpassing $95 for the first time in nearly six weeks as the United States and Iran carried out more strikes. Crude futures went on to give up some of the gains but still rose around three…
Oil Prices Rise on Middle East War, Stock Markets Diverge
Crude futures pared some of their gains but still closed up roughly 3 percent. World oil prices jumped on Wednesday, with the benchmark international contract Brent North Sea crude surpassing $95 for the first time in nearly six weeks as the United States and Iran carried out more strikes. Crude futures went on to give…
Trump slaps new 50% tariffs on Canadian goods
The administration is adding a 50% tariff on select Canadian imports — from wine to cement to machinery — citing unfair trade practices. It takes effect in 30 days and lands just after separate tariff threats over wildfire smoke, though officials say the two aren’t connected. The US and Canada flags flutter next to the…
ECOWAS reaffirms plan to rollout ECO single currency in 2027
ECOWAS Building. Photo: ECOWAS The Economic Community of West African States has reaffirmed its commitment to launching the long-awaited single regional currency, the ECO, in 2027, describing it as a major step towards deeper economic integration, stronger regional trade and sustainable growth across West Africa. The decision was one of the major outcomes of the…
143 Companies Compete For 50 Oil Blocks
Nigerian Upstream Petroleum Regulatory Commission. Photo: NUPRC The Nigerian Upstream Petroleum Regulatory Commission will on Tuesday open the decisive commercial phase of the 2025 oil and gas licensing round with 143 companies set to compete for 50 blocks spread across Nigeria’s major and emerging hydrocarbon basins. The commercial bid conference, which is strictly by invitation,…
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Opeyemi Precious
Precious Opeyemi is an independent media entrepreneur, journalist, and the founder of Scoop Lounge. Driven by a commitment to credible, balanced, and high-impact journalism, she established the platform to deliver rapid-response news summaries across multiple global sectors. Read full
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