Business

Business software maker SAP SE (SAPG.DE) will cut about 2,250 posts, or around 3 percent of its global workforce, while creating a similar number in expanding parts of the company, as it accelerates a push to sell its products...

British oil company BP (BP.L) expects to invest around $12 billion with its partners as part of a finalised West Nile Delta concession deal to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates. The...

SAN FRANCISCO, March 04, (THEWILL) – In its quest to contribute to the development of education in the country, the Dangote Foundation Wednesday made a scholarship donation of N20 million to James Hope College Agbor, Delta State. The scholarship is...

The euro zone economy is sprouting more green shoots than anticipated just as the European Central Bank fires up a money printing program worth more than 1 trillion euros. An analysis of Reuters polls shows more than half the most...

Global business activity picked up last month just as many central banks around the world loosen monetary policy further to try and drive up stubbornly low inflation and revive moribund economies. Growth in China's service industry accelerated and India's expanded...

BEVERLY HILLS, March 03, (THEWILL) – The fuel scarcity currently being experienced by several states in Nigeria has been blamed on the devaluation of the naira by the central bank, the Executive Secretary of Petroleum Product Pricing and Regulatory...

Bill Gates has been declared the richest man in the world for the 16th time by Forbes magazine's annual ranking of global billionaires. The Microsoft founder once again beat Mexican businessman Carlos Slim to the top spot. Mr Gates' net worth...

Barclays has been providing information to an investigation into precious metals by the U.S. Department of Justice (DoJ), the bank said in its 2014 annual report on Tuesday, a week after a similar statement by HSBC. The DoJ and the...

Citigroup Inc (C.N) said it has agreed to sell its consumer finance unit OneMain Financial Holdings Inc to subprime lender Springleaf Holdings Inc (LEAF.N) for $4.25 billion in cash. The sale of OneMain is a major step in the No....

IBM Corp was sued on Monday by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $1.5 billion to take that unit off its hands. The...