US President Donald Trump has warned that he could suspend trade with Spain after Madrid blocked the United States from using its military bases for operations linked to Iran. Speaking at the White House on Tuesday, Trump criticised Spain’s stance, describing the country as “terrible” and suggesting a sweeping halt to commercial ties. “We could…
Tourists poured into China’s first Legoland in Shanghai earlier this month, as the country ramps up efforts to position itself as a global travel hotspot and spark life back into its sluggish consumer economy. The newly launched $550 million Legoland Shanghai – now the largest operated by UK-based Merlin Entertainments – marks another major push…
Beneath the shopfronts of everyday Britain, a hidden network of illegal activity is thriving – and it’s far more than just cheap cigarettes. An underground economy fuelled by counterfeit tobacco is not only costing the UK billions in tax revenue but also exposing a deeper rot in the nation’s high streets. In Hull, investigators from…
China has announced a partial lifting of its ban on Japanese seafood imports, ending a two-year freeze that began after Japan started releasing treated wastewater from the Fukushima nuclear plant into the ocean. Beijing confirmed that it would “conditionally resume” seafood imports from the majority of Japanese regions, while maintaining restrictions on 10 out of…
As former President Donald Trump intensifies his push for a sweeping immigration crackdown, American businesses are raising red flags, warning that the policy shift could leave critical gaps in the U.S. workforce and threaten economic stability. From health care providers in Texas to cleaning companies in Maryland, employers say they are already seeing the fallout…
British sports car manufacturer Lotus is considering relocating its production from the UK to the United States, a move that could endanger approximately 1,300 jobs at its longstanding headquarters in Hethel, Norfolk, the BBC has learned. While the company has declined to publicly confirm the reports – first revealed by the Financial Times — sources…
China has announced its readiness to remove all import tariffs on goods from the 53 African countries with which it maintains diplomatic ties, a move that could significantly deepen trade ties across the continent. The declaration was made during a high-level China-Africa cooperation meeting, where officials called for fairer global trade practices and criticized unilateral…
The U.S. economy added 139,000 jobs in May, a modest gain that slightly exceeded expectations but signaled a continuing slowdown in the labor market, according to data released Friday by the Bureau of Labor Statistics (BLS). The report showed job creation easing from April’s revised figure of 147,000, while the unemployment rate remained unchanged at…
A Nigerian public health advocate has sounded the alarm over the country’s soaring consumption of sugary drinks, linking it to rising cases of chronic diseases and preventable deaths. Abayomi Sarumi, Associate Director at Corporate Accountability and Public Participation Africa (CAPPA), told DAILY POST that Nigeria is facing a “silent health emergency” driven by the widespread…
Brazilian authorities have filed a lawsuit against Chinese electric vehicle manufacturer BYD and two of its contractors, accusing them of subjecting workers to conditions akin to modern-day slavery during the construction of a factory in the country’s northeast. The Public Labour Prosecutor’s Office (MPT) in Bahia State disclosed that 220 Chinese workers were rescued following…
Libya now boasts the lowest petrol prices in Africa, selling Premium Motor Spirit (PMS) at just ₦52 ($0.031) per litre, according to data from Global Petrol Prices, a platform that tracks fuel costs globally. This places Libya as the second most affordable country for petrol in the world, trailing only Iran, where fuel is priced…
Sony Corporation, the renowned Japanese tech giant, has announced a significant investment of $10 million in the flourishing African entertainment industry. This strategic move aligns perfectly with the industry’s growing global prominence, signalling Sony’s commitment to enhancing Africa’s competitive edge in the entertainment world. In an exclusive interview with TechCrunch, Chief Executive Officer Gen Tsuchikawa…
Haitham Al Ghais, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), emphasized the urgent need for substantial investments in the global oil industry to maintain energy security and prevent a surge in crude oil prices. In an interview with CNN’s Becky Anderson during the ADIPEC energy conference in Abu Dhabi, Al Ghais…
Epic Games, the renowned creator of Fortnite and other gaming titles, has revealed plans to cut approximately 830 jobs, accounting for 16% of its workforce, in a strategic move aimed at curbing what CEO Tim Sweeney termed “unrealistic” expenditures. In a letter addressed to its employees, Sweeney acknowledged the company’s excessive spending, stating that Epic…
The decision by retail giant Target to close nine of its stores in major cities due to persistent large-scale theft has raised concerns about the escalating problem of store crime. Industry experts are highlighting that even a slight increase in crime can have far-reaching effects that lead retailers to shut their outlets. Burt Flickinger, a…
President Bola Tinubu has taken decisive action in the fight against corruption by appointing a Special Investigator to look into the activities of the Central Bank of Nigeria (CBN) and Related Entities. In a letter addressed to Jim Osayande Obazee, the Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN), Tinubu named him…
Petrol prices in some Nigerian National Petroleum Company Limited (NNPCL) filling stations in Abuja surged from N537/litre to N617/litre on Tuesday, leaving independent oil marketers to confirm the increase and indicating a potential rise in the pump price of Premium Motor Spirit (PMS). The NNPCL remains a major importer of petrol in Nigeria, and any…
AmeriCorps, the federal agency for volunteerism and national service, announced on Friday that it had recovered a record-breaking $84 million in overlooked deductions, credits, and tax breaks for low-income Americans during the 2023 tax season. Through its collaboration with local non-profit organizations, AmeriCorps assisted more than 113,000 taxpayers in over 130 cities, according to a…
Saudi Arabia and Russia announced Monday that they would make additional cuts to oil supply as a global economic slowdown hangs over the outlook for energy demand. “Saudi Arabia will extend a cut of 1 million barrels a day in its oil production at least until the end of August,” said the world’s biggest exporter…
Adobe, known for its innovative software, has embraced the potential of artificial intelligence (AI) and is positioning itself as a frontrunner in the AI revolution. Despite concerns that AI could negatively impact Adobe’s sales, the company believes that AI will actually enhance the usage and interest in its creative software applications such as Photoshop, Illustrator,…
According to the International Air Transport Association (IATA), the global airline industry is set to rebound from the pandemic and make nearly $10 billion in profit this year. IATA has more than doubled its 2023 profit forecast, projecting net profit of $9.8 billion for airlines, up from the previous estimate of $4.7 billion in December….
If you dream of studying in Canada but are concerned about the cost of universities, there is good news for you. Canadian colleges offer affordable options and opportunities for work and permanent residency (PR). With deposits as low as $1000, these colleges are accessible to students from various academic backgrounds. Whether you hold a 2nd…
Darius Livingston, a former football player who graduated from the University of California, Davis, found a new career path in commercial real estate after participating in Project Destined, a paid internship program focused on teaching young students of color about finance and real estate investing. Founded by Cedric Bobo, a former principal at Carlyle Group,…
Nike CEO John Donahoe addressed the rising geopolitical tensions with China, emphasizing that severing ties with the region would have catastrophic consequences for global trade. Speaking at the CNBC CEO Council Summit, Donahoe discussed the potential scenarios of China invading Taiwan and its involvement in conflicts like Russia’s war with Ukraine. He acknowledged the risks…
Bill Gates, Microsoft Corp’s co-founder, has said that the technology race to win is the development of the top artificially intelligent agent, poised to disrupt search-engine, productivity and online shopping sites. “You’ll never go to a search site again,” he said. “You’ll never go to Amazon.” Speaking at AI Forward 2023, an event in San…
Nigerian comedian Samuel Perry, widely known as Broda Shaggi, has secured the prestigious award for Best Actor in a Comedy. Shaggi’s outstanding performance in the movie “Inside Life” earned him this accolade. Over the past few years, Shaggi has risen to prominence and amassed a massive following due to his distinctive comedic style. His ability…
The idea of a bridge connecting mainland Italy to Sicily across the Straits of Messina goes back to Roman times. But despite various proposals, including one for a tunnel, the project has not been realized. However, there is a new impetus to make it happen, thanks to a decree passed last month by the Giorgia…
One of the creators of ChatGPT has added to a growing chorus of researchers warning of the potentially catastrophic consequences of artificial intelligence development. Former OpenAI worker Paul Christiano, who now runs AI research non-profit Alignment Research Center, said he believed there was a significant chance that the technology would lead to the destruction of…
People in Nigeria have taken to sleeping outside banks. They want to be among the first in line to get notes from the cash machine once it is loaded up in the morning. A lack of newly designed naira notes has led to a cash shortage and a growing sense of anxiety among those desperate…
The Bank of England has unveiled plans to keep a lasting legacy alive with the circulation of new banknotes featuring King Charles III in mid-2024. The United Kingdom’s central bank made the first public announcement on the design in the days leading up to the royal coronation in May. Officials said the king’s picture would…
Elon Musk doesn’t miss an opportunity to take a pop at the President of the United States, Joe Biden, doing so every time he alludes to the electrification of the American automotive industry. As reported by MARCA, this time, Tesla’s CEO has chosen his new ‘toy’, Twitter, to respond to a message from the American…
The market capitalisation of all cryptocurrencies plummeted to $841 billion which was a fall of $201 billion in just seven days. This was caused by the disappearance of more than $600 million in cryptocurrency from the wallets of the defunct cryptocurrency corporation FTX, with no apparent cause stated. According to reports, FTX announced on Friday…
Ghana, the second largest cocoa producer in the world, bags the worst-performing currency against its global counterpart, the United States Dollar. Earlier this week, the local currency lost 3.3% of its value against the United States Dollar before paring losses to 11.2750, according to a Bloomberg report. So far this year, the currency has lost…
