Business

Facebook Introduces Food Order, Delivery Service In U.S.

SAN FRANCISCO, October 13, (THEWILL) - Facebook Inc on Friday launched a service through which its U.S. users can order food for take-away or delivery directly through its app or website. Facebook said it partnered with restaurants including Chipotle Mexican Grill Inc, Jack in...

Nigeria, South Africa Lead Africa To Modest Growth Recovery In 2017 – World Bank

BEVERLY HILLS, October 11, (THEWILL) - Economic growth in Sub-Saharan Africa is recovering at a modest pace with the continent’s largest economies, Nigeria and South Africa making the rebound a reality. Both nations just eased out of recession with Nigeria...

Nigeria’s Economy To Overtake South Africa In 2017 – IMF

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BEVERLY HILLS, October 10, (THEWILL) - The International Monetary Fund (IMF) has predicted that Nigeria’s economy will grow faster than South Africa’s in 2017. This is a reverse from the fund’s earlier projection in July that South Africa’s economy will grow by...

Oil Rises Above $56 On Saudi Export Cut

Oil rose to above $56 a barrel on Tuesday, supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of oversupply. Saudi Arabia has cut November allocations by...

Wal-Mart Launches $20 Billion Buyback Plan

Wal-Mart Stores Inc (WMT.N) on Tuesday unveiled a $20 billion share buyback plan and forecast U.S. online sales to increase by about 40 percent in the fiscal year ending January 2019. Wal-Mart’s shares were up 1.6 percent at $81.80 in...

Wall Street Scales New Records On Gains In Wal-Mart, Energy Stocks

The three major Wall Street indexes scaled new records on Tuesday, helped by gains in energy stocks and in Wal-Mart on the back of the company’s $20 billion share buyback plan. Wal-Mart (WMT.N) rose 3.8 percent after the retail giant...

TStv Denies Accusations Of Copyright Infringement

BEVERLY HILLS, October 04, (THEWILL) - TELCOMM SATELLITE TV (TStv) has denied allegations of infringing on the exclusive distribution rights to certain television programmes by two international content providers, Turner Broadcasting System Europe Limited and belN. Turner Broadcasting System, in...

CIBN Accredits Keystone Bank Training Academy

BEVERLY HILLS, October 04, (THEWILL) - The Chartered Institute of Bankers of Nigeria (CIBN) has certified and granted full accreditation status to the Keystone Bank Limited Training Academy in Lagos, in recognition of its compliance with regulatory standards and best...

EU Orders Amazon To Repay $295 Million In Luxembourg Back Taxes

Amazon (AMZN.O) was told on Wednesday to pay about 250 million euros ($295 million) in back taxes to Luxembourg, the latest U.S. tech company to be caught up in a European Union crackdown on unfair tax deals. The fine was...

Stocks Inch Higher, Dollar Pares Losses On Data

An index of global stocks edged up to a fresh intra-day high on Wednesday, helped by signs of strong economic growth worldwide, while the dollar pared losses on data showing the U.S. service sector accelerated in September to its...