Business

BEVERLY HILLS, March 09, (THEWILL) – The alleged attempt by Shell Nigeria Exploration and Production Company (SNEPco) to delay payment of compensation to the Niger Delta communities impacted by its December 2011 Bonga oil spill disaster may have hit...

The boxy white and grey factory of this rainy northern town makes fewer than half the washing machines it did when Italy joined the euro. It is one of the many symbols of Southern Europe's industrial decline. Today, however, the...

European Union governments and parliamentarians will try to reach a compromise this week on how to wind down failing banks, in marathon talks intended to settle who decides to close banks and who picks up the bill. A deal in...

A wildcat strike at an IBM factory in southern China illustrates how tectonic shifts under way in the country's labor market are emboldening workers to take matters into their own hands, raising risks for multinationals. More than 1,000 workers walked...

EVELYN OPUTU BEVERLY HILLS, March 08, (THEWILL) – Worried by the misleading financial statement prepared by the Bank of Industry and the unsatisfactory responses from its management, the Financial Reporting Council FRC has queried the bank, noting that its reports...

The sharp drop in exports follows a series of factory surveys since the start of 2014 that point to weakness in economic activity as demand falters at home and abroad. Exports in February fell 18.1 percent from a year earlier,...

Bill Gross, the co-founder and co-chief investment officer of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to "undermine" him by talking to The Wall Street Journal about deepening tensions between the two executives who...

U.S. hiring likely picked up enough in February to keep the Federal Reserve on track in reducing its monetary stimulus. But the size of the gain is nevertheless expected to be modest as the economy struggles to break free of...

Banks will return 11.401 billion euros ($15.78 billion) in crisis loans to the European Central Bank next week, more than six times than the amount that was expected, accelerating the drain of extra cash out of the euro zone...

...As Nigeria loses N200bn annually to medical tourism BEVERLY HILLS, March 06, (THEWILL) –  The chairman of the National Population Commission (NPC), Mr. Eze Duru-Iheoma, Thursday disclosed that the sum of N17 billion would be needed by the Commission for...