Social media services Facebook, WhatsApp and Instagram are back up and running after an outage that lasted almost six hours, Facebook says. It blamed an internal technical issue, which not only affected Facebook’s services, but reportedly also employees’ work passes and email. The services were down from about 16:00 GMT until around 22:00 on Monday. […]
The Director General of the Abuja Chamber of Commerce and Industry (ACCI), Ms Victoria Akai, has described the Dangote Group as the Flagship and the epicenter for Africa’s industrialisation. Speaking on the sideline of the Abuja International Trade Fair that was declared opened Monday, the DG said the conglomerate has placed Nigeria on the continental […]
UN Secretary-General António Guterres has urged greater support for vulnerable nations as they tackle the challenges of debt distress, lack of investment, unfair trade and the climate emergency. Guterres said this at the opening of the fifteenth session of the United Nations Conference on Trade and Development (UNCTD), which took place in Bridgetown, in Barbados. […]
The top United States trade negotiator said China is failing to live up to its trade commitments from last year and that Washington would soon have “frank conversations” with Beijing. In a speech Monday in Washington, U.S. Trade Representative Katherine Tai said, “China made commitments intended to benefit certain American industries, including agriculture, that we […]
A US private equity group is poised to take control of the UK’s fourth-largest supermarket group. Clayton, Dubilier & Rice (CD&R) has won an auction for the British supermarket Morrisons with a £7bn ($9.5bn) bid. It marks a return to the UK grocery sector for Terry Leahy, the former chief executive of Tesco, who is […]
The Permanent Representative of Nigeria to the UN, Prof. Muhammad Bande, has been conferred with the Distinguished Alumni Award by Boston University (BU), Massachusetts, United States. Bande was conferred with the award at the ’73rd Best of BU Alumni Awards’ ceremony in Boston in recognition of “his innovative performance as the 74th President of the […]
One of France’s most recognisable figures, the businessman, sports club owner and politician Bernard Tapie, has died at the age of 78. Tapie, who had battled stomach cancer for the past four years, died peacefully, surrounded by his family, they said in a statement. At one time he owned Adidas, Olympique Marseille and was a […]
The United Nations Assistant Secretary-General, UN Development Programme’s Assistant Administrator and Director of the Regional Bureau for Africa, Ms Ahunna Eziakonwa, will travel to Nigeria on an official visit from Oct. 7 to Oct. 15. A correspondent of the News Agency of Nigeria (NAN) in New York reports that Eziakonwa would also embark on high-level […]
Chinese property giant Evergrande’s shares have been suspended as investors await a statement about its future. The crisis at the world’s most indebted property developer has triggered fears that its potential collapse could send shockwaves through global markets. The firm said the trade halt came ahead of “an announcement containing inside information about a major […]
Tesla (TSLA) said Saturday that it produced 237,823 vehicles in its third quarter and delivered 241,300, more than double the number of vehicles for the same period a year ago. In the 2020 third quarter, the company produced 145,036 vehicles and sold 139,300. That 64% increase in production suggests the electric vehicle maker will report […]