Business

French Minister ‘Shocked’ By Job Cuts At Nestle’s Galderma Unit

French Finance Minister Bruno Le Maire said on Saturday he was particularly “shocked” by Nestle’s (NESN.S) plans to cut up to 450 jobs at its Galderma skin-health research plant in the south of France as the plant benefited from...

Apple Sells MekaMons, Robots Built By Adekunle Nigerian-British

Apple Stores in the United States and United Kingdom have begun the sale of gaming robots, MekaMons, built by a Nigerian-British, Silas Adekunle. Adekunle’s company, Reach Robotics struck the deal with Apple recently. The product with a price tag of $299.95...

Nigeria’s Economy Consolidates Exit From Recession As Q3 2017 GDP Grows By 1.40%

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BEVERLY HILLS, November 20, (THEWILL) - Nigeria’s economy has consolidated its exit from recession as the nation’s Gross Domestic Product (GDP) grew in Q3 2017 by 1.40% (year-on-year). The figure, as released on Monday by the National Bureau of Statistics...

U.S. Dollar, Wall Street Fall With Tax Overhaul In Focus

The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump’s Republican party would succeed in its efforts at overhauling U.S. tax law. U.S. Treasury yields...

Apple Pushes Launch Of Homepod Smart Speaker To Early 2018

“We can’t wait for people to experience HomePod ... but we need a little more time before it’s ready for our customers. We’ll start shipping in the U.S., UK and Australia in early 2018,” an Apple spokeswoman said via...

Nigeria’s Senate Approves Report Exonerating MTN Nigeria Over Forex Transfers

Nigeria’s Senate approved on Wednesday a report largely exonerating South African telecoms company MTN Group Ltd’s Nigerian unit, after the business was accused of illegally repatriating $14 billion to its parent. But the Senate report also asked Nigeria’s central bank...

Diamond Bank To Let Go Of W’African Subsidiaries

BEVERLY HILLS, November 05, (THEWILL) - Diamond Bank Plc has concluded plans to sell its West African banking operations in order to focus on Nigeria’s significant retail banking opportunity. According to a statement released by the bank, it has agreed to...

Trump Backs New York In Bourses’ Battle For Saudi Aramco Listing

Intervening in a battle among the world’s top stock exchanges to list shares of national oil giant Saudi Aramco, U.S. President Donald Trump publicly appealed on Saturday for Riyadh to choose New York, saying it was in the U.S....

Broadcom Plans Record Tech Deal With Qualcomm Bid

Communications chipmaker Broadcom Ltd (AVGO.O) is planning to unveil a bid for smartphone chip supplier Qualcomm Inc (QCOM.O) by Monday, three sources familiar with the matter said on Friday, an attempt to create a roughly $200-billion company through the...

Amazon Allowed By Law To Undercut Australian Businesses: Regulator

Competition laws will allow Amazon to undercut local businesses with loss-making prices when it opens for business in Australia, expected to be later in November, the Australian competition regulator said on Saturday. Australian Competition and Consumer Commission Chairman Rod Sims...