The Nigerian National Petroleum Corporation (NNPC) has outlined plans to attract private investments, ensure sustainable development and spur growth in the nation’s Oil and Gas Industry. Group Managing Director of the corporation, Dr. Maikanti Baru, disclosed this while speaking on the theme “Investment in the Oil and Gas Industry” at the 7th International Seminar of […]
Read More
The government of Netherlands will work with the Nigerian government to improve economic cooperation and investments in key sectors of the Nigerian economy. The Netherlands Ambassador to Nigeria, Mr Robert Petri made this known yesterday on the floor of the Nigerian Stock Exchange (NSE) in Lagos. Petri said Netherlands government recognised the importance of agriculture […]
Read More Europe’s largest privately held biotech company, Germany-based BioNTech, has raised $270 million to support its work in developing personalised immunotherapies for cancer, ahead of an expected eventual stock market flotation. Overall, the company has brought in close to $950 million since it was founded in 2008 — taking account of initial seed funding, grants and […]
Read More China’s commerce ministry said it is disappointed at the European Commission’s decision to launch a probe into Chinese exporters of electronic bicycles, adding that Europe misunderstands the Chinese market. The European Commission launched an investigation on Dec. 21 into whether Chinese exporters of e-bikes benefited from excessive state subsidies, the latest in a string of […]
Read More Spain’s central bank says strong exports are likely to help the economy grow by a quarterly rate of 0.8 percent in the last three months of the year despite the negative effects of the Catalan political crisis. Spain’s economy is set to expand by 3.1 percent in 2017, but the government revised its estimate for […]
Read More The U.S. State Department has approved an export license for Ukraine to buy certain light weapons and small arms from U.S. manufacturers, spokeswoman Heather Nauert said on Wednesday. Department records show Ukraine has bought small amounts of those types of weapons for several years, both before and after the 2014 Russian annexation of Ukraine’s Crimean […]
Read More
Italian tax authorities say Amazon will pay 100 million euros ($118 million) to end a dispute over its tax payments from 2011-2015. The agreement announced Friday comes as many European countries seek to close loopholes in tax payments by major multinationals. Amazon confirmed the agreement in a statement, without disclosing the amount it would pay. […]
Read More
German Chancellor Angela Merkel says the federal government will provide 1 billion euros (1.2 billion dollars) to cities and towns across the country in 2018 in an effort to make traffic more environmentally friendly. The money is to be invested in finding traffic solutions to lower air pollution. Many cities in Germany face driving bans […]
Read More
Spanish authorities say around 500 migrants have been saved by rescue boats as they attempted the perilous crossing of the Mediterranean Sea from Africa. Francisco Bernabe, the Spanish representative in the region of Murcia, says 461 migrants have arrived at the southern port of Cartagena on Saturday after being pulled off of 44 different boats […]
Read More
By Anna Irrera, Steve Stecklow and Brenna Hughes Neghaiwi LAS VEGAS (Reuters) – The creators of an embattled cybercurrency technology project called Tezos expressed regret on Tuesday about their ongoing dispute with the head of a Swiss foundation that controls the $232 million they raised in one of the largest “initial coin offerings” ever. In […]
Read More
By Paul Lienert and Joseph White (Reuters) – Delphi Automotive Plc said on Tuesday it will buy self-driving car software startup nuTonomy for $450 million, helping to put automated vehicles using its technology into commercial use in 2019, a year earlier than planned. Delphi and nuTonomy have been testing automated vehicles in Singapore, where regulators […]
Read More
By Daina Beth Solomon MEXICO CITY (Reuters) – Amazon.com Inc <AMZN.O> launched a cash payment service in Mexico on Tuesday, aiming to expand its customer base in a country where shoppers are wary of credit card fraud and often earn their living in paper currency. The strategy could also help it to win market share […]
Read More
