Tesla Shareholders Approve Record $1 Trillion Pay Package for Elon Musk, Cementing His Grip on Company’s Future
Tesla shareholders have approved an unprecedented $1 trillion compensation package for CEO Elon Musk, the largest executive pay deal in corporate history — reaffirming his central role in steering the company toward a future built on artificial intelligence and robotics. The vote took place Thursday at Tesla’s annual general meeting in Austin, Texas, where more […]
Obasanjo Library Demands ₦2.5bn Compensation Over EFCC Raid
The Olusegun Obasanjo Presidential Library (OOPL) in Abeokuta, Ogun State, has issued a seven-day ultimatum to the Economic and Financial Crimes Commission (EFCC), demanding ₦2.5 billion for alleged reputational and financial damages caused by what it described as a “malicious” raid on its premises on August 10. At a press conference on Wednesday, OOPL Managing […]
Trump Imposes Sweeping Tariffs on Key U.S. Trading Partners Ahead of Deal Deadline
U.S. President Donald Trump has announced a sweeping new round of tariffs on exports from dozens of countries—including Canada, Brazil, India, Taiwan, and Switzerland—as part of an aggressive push to reshape global trade ahead of a self-imposed Friday deadline for new trade agreements. Under an executive order signed Thursday, Trump set sharply higher import duties: […]
U.S.-EU Trade on Edge as Trump Weighs Tariff Hike Amid Tensions
The European Union—America’s largest trading partner—is bracing for a critical decision Monday, as President Donald Trump is expected to announce whether he will impose sweeping tariffs on EU goods. Economists warn that such a move could ignite a transatlantic trade conflict, driving up prices for consumers and straining corporate supply chains on both continents. Trump […]
Global Markets Plunge Following Trump’s Sweeping “Liberation Day” Tariffs
Key stock markets around the world extended their losses on Friday as the global fallout from President Donald Trump’s sweeping “Liberation Day” tariffs continued to shake investor confidence. Japan’s Nikkei index tumbled 3.5%, while the broader Topix index fell even further, dropping 4.45% amid fears of escalating trade tensions. In South Korea, the KOSPI index […]
Tariffs on Mexican and Canadian Imports Could Drive Up Gas and Grocery Prices
Upcoming tariffs on goods from Mexico and Canada could significantly impact U.S. consumers, with gasoline prices potentially rising by as much as 70 cents per gallon and grocery bills climbing, experts warn. The Trump administration has reaffirmed plans to impose a 25% tariff on all imports from Canada and Mexico starting February 1. These two […]
Vietnamese Tycoon Truong My Lan Loses Appeal Against Death Sentence for Historic Bank Fraud
Vietnamese property magnate Truong My Lan has lost her appeal against the death sentence handed down for her role in orchestrating the largest bank fraud in history. However, the 68-year-old could still avoid execution by repaying 75% of the $12 billion she was found guilty of embezzling, as per Vietnamese law. In April, the court […]
U.S. Government Takes on Google’s Ad Tech Monopoly in Major Antitrust Trial
The U.S. government is targeting Google’s highly profitable ad tech business, the core of its vast wealth, as the Department of Justice (DoJ) brings a major antitrust case against the tech giant. The trial, starting on Monday, will hear claims that Google’s parent company, Alphabet, illegally operates a monopoly in the digital advertising market. Last […]
Fidelity Bank Chairman Announces Upcoming Banking Community Stance on Windfall Tax
Chairman of Fidelity Bank Nigeria, Mustafa Chike-Obi, announced that the “banking community” will soon release its official position on the contentious windfall tax imposed on banks by Nigeria’s federal government. Chike-Obi made this known in a tweet from his X (formerly Twitter) handle on Friday, stating that personal views expressed by some bank chairmen do […]
Aliko Dangote Considers Selling $19bn Oil Refinery to Nigeria’s State-Owned Energy Company
Africa’s wealthiest individual, Aliko Dangote, is contemplating the sale of his multi-billion-dollar oil refinery to NNPC Limited, Nigeria’s state-owned energy company, due to ongoing disputes with the federal government. The 650,000 barrel-per-day refinery, which commenced operations last year after a decade of construction, has encountered several challenges, including difficulties in securing crude oil from international […]
