Apple says it has started making its iPhone 14 in India as it diversifies its supply chains away from China. The company makes most of
Category: Business
business
Pound hits record low after tax cut plans
The pound has fallen to a record low against the dollar as markets react to the UK’s biggest tax cuts in 50 years. In early
Fidelity Bank To Acquire 100% Stake in Union Bank UK
Fidelity Bank Plc has announced its proposed acquisition of a 100% equity stake in Union Bank Plc in the United Kingdom. In a corporate filing
CBN inaugurate USSD code for eNaira transactions
Governor of Central Bank of Nigeria Godwin Emefiele, on Thursday August 25, inaugurated the unstructured supplementary service data (USSD) code for the eNaira to enhance financial
Cineworld confirms it is considering bankruptcy
Cineworld has confirmed it is considering filing for bankruptcy in the US, as the cinema chain continues to struggle with $5bn worth of debt. The
Chinese internet giants hand algorithm data to government
Chinese internet giants including Alibaba, Tiktok-owner ByteDance and Tencent have shared details of their algorithms with China’s regulators for the first time. Algorithms decide what
Russia reopens bond market to ‘not hostile’ investors
The Moscow Exchange will be partially reopened to foreign investors from Monday after a nearly six-month suspension during the Ukraine war. It says only investors
Elon Musk sells $6.9bn of Tesla shares as Twitter lawsuit looms
Tesla boss Elon Musk has sold another 7.92 million shares in the electric car maker, worth around $6.88bn (£5.7bn). The sales took place after the
OPEC raises Nigeria’s oil quota for September
The Organization of Petroleum Exporting Countries (OPEC) and its allies on Wednesday raised Nigeria’s oil production quota to 1.830 million barrels per day in September from
Shell staff get profits bonus as energy bills soar
Energy giant Shell is to give its workers a one-off 8% bonus after the company reported record profits from high oil and gas prices. Most