Business

Weak Japan Exports, Not Tax Hike, Could Shake BOJ

The Bank of Japan is increasingly confident that the economy is weathering a recent tax increase and on its way out of deflation, but another threat to that optimistic scenario is lurking - weak exports. If shipments abroad continue to...

How Japan’s Marubeni Stumbled In China After Rapid Expansion

A year after spending $3.6 billion to buy grain trader Gavilon to expand in China, Japan's Marubeni Corp has been shaken by defaults on soybean sales and faces an investigation into alleged tax evasion in the world's top food...

Deutsche Telekom Seeks Breakup Fee Of Over $1 Billion On T-Mobile-Sprint Deal: WSJ

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Deutsche Telekom AG (DTEGn.DE) wants to be compensated by Sprint Corp (S.N) in the event its planned merger with the German firm's T-Mobile US Inc (TMUS.N) does not win regulatory approval, the Wall Street Journal reported, citing people familiar...

UK Finance Minister Ready For ‘Hard Negotiation’ With Pfizer

Britain is ready for "hard negotiation" to ensure Pfizer sticks to specific promises on jobs and science under the U.S. drugmaker's proposed takeover of AstraZeneca, its finance minister said. "I think it would be extraordinary not to engage with AstraZeneca...

Dangote To Crash Cement Prices, Injects 9 Miilion Bags Into Nigerian Market

The President of Dangote Group and Africa’s richest man, Alhaji Aliko Dangote, said that nine million tonnes of cement have been released into the market to stem the escalating cost of the product. Speaking to newsmen on Friday at the...

Fresh Crisis Looms In Warri Over $16bn EPZ Project

SAN FRANCISCO, May 09, (THEWILL) – A fresh crisis is looming in the Ijaw riverine communities in Warri South West Local Government Area of Delta State as plans are underway to lay the foundation stone of the multibillion dollar...

Oracle Wins Copyright Ruling Against Google Over Android

Oracle Corp is entitled to copyright protection over certain parts of the Java programming language, according to a U.S. appeals court ruling on Friday in Oracle's high-profile lawsuit against Google Inc. The issue, decided by the U.S. Court of Appeals...

Apple To Unveil iPhone 6 In August, Earlier Than Expected – Report

Apple Inc will unveil the next incarnation of its popular iPhone series in August, one month earlier than industry watchers were generally expecting, Taiwanese media reported on Friday citing unidentified supply-chain sources. A 4.7-inch screen version of the iPhone 6...

Pfizer Under Fire In Europe, U.S. As It Weighs Next Astra Move

U.S. drugmaker Pfizer (PFE.N) is under fire on both sides of the Atlantic as it weighs its next move to buy British rival AstraZeneca (AZN.L), which could be a sweetened offer next week. A strategic question for Pfizer and its...

Banks To Return $4.66 Billion In Crisis Loans To ECB Next Week

Banks will return 3.365 billion euros ($4.66 billion) in long-term crisis loans to the European Central Bank next week, less than expected but more than this week as banks trim down their reliance on ECB funding and return to...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
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