Delta Loses $408 million; 8,000 Employees Hit With Infection
Delta Air Lines lost $408 million in the final quarter of 2021, dragged down by a COVID-19 surge that rocked the airline in December, and the carrier predicted Thursday that it will suffer one more quarterly loss before travel perks up in spring and summer. CEO Ed Bastian said 8,000 employees have contracted COVID-19 over […]
US Supreme Court Conservatives Lean Against Biden Business Vaccine Policy
Conservative U.S. Supreme Court justices on Friday questioned the legality of President Joe Biden’s pandemic-related vaccine-or-testing mandate for large businesses but appeared more receptive to his administration’s vaccine requirement for healthcare facilities at a time of surging COVID-19 cases. The court’s nine justices, who are all vaccinated, heard more than 3-1/2 hours of arguments in […]
MAN Express Displeasure Over FG Imposed N10/Litre Tax On Carbonated Drinks
The Manufacturers Association of Nigeria (MAN) has expressed its displeasure with the federal government’s plan to impose a N10 per liter excise duty on all non-alcoholic, carbonated, and sweetened beverages. The group which described the move as rather unfortunate said the long-term effect of the policy might not achieve the expected aim. Segun Ajayi-Kadir, the […]
Donald Trump’s Children Refuse To Testify In Fraud Inquiry
Two of Donald Trump’s children have refused to testify to a fraud inquiry into the family’s business. Donald Jr, 44, and Ivanka, 40, were ordered to give evidence by New York Attorney General Letitia James. She opened a civil inquiry in 2019 into claims that – before he took office – Mr Trump had inflated […]
Nigeria Labour Alleges International Conspiracy Against Country’s Downstream Petroleum Sector
The Nigeria Labour Congress (NLC) has raised the alarm over what it described as an international conspiracy, working with local collaborators to keep the Nigerian economy and people perpetually on their knees through the under-development of the country’s downstream petroleum sector. The labour union has also claimed that about $9.5 billion had been spent on […]
Elon Musk Criticised After China Space Complaint To UN
Elon Musk is facing a social media backlash after China complained that its space station was forced to avoid collisions with satellites launched by his Starlink Internet Services project. The country’s space station had two “close encounters” with Starlink satellites this year, Beijing claimed. The incidents behind the complaints, lodged with the UN’s space agency, […]
Putin Says Europe Only Has Itself To Blame For Surging Gas Prices
The European Union can only blame its own policies for record gas prices as some of its members resell cheap Russian gas at much higher prices within the bloc, Russian President Vladimir Putin said on Friday. Putin also called on the EU to approve a new Russian gas route, the Nord Stream 2 pipeline, to […]
Egypt’s Petroleum Corporation Signs $1bn Oil-Exploration Agreement With Eni
Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Italian energy group Eni (ENI.MI) for oil exploration in the Gulf of Suez and Nile Delta regions worth “not less than $1 billion” of investments, the petroleum ministry said on Friday. The agreement also included a commitment from Eni to additionally spend “not less than […]
Titan Trust Bank Officially Takeover Union Bank
The official takeover of Union Bank by Titan Trust Bank shocked Nigeria’s commercial, banking, and financial sector yesterday. Apart from the fact that it is owned by Tunde Lemo, a former Deputy Governor of the Central Bank of Nigeria, (CBN), not much was known about Titan Trust Bank. It was reported that the Board of […]
World’s Second-Biggest Miner Rio Tinto Buys Lithium Project For $825m
World’s second-biggest miner Rio Tinto Group has agreed to buy a lithium mine in Argentina for $825 million as the company accelerates its push into battery materials. The top mining firms are increasingly looking to expand into so-called future facing commodities, such as lithium, copper and even fertilizers, as investors and governments increase pressure on […]
