
Two banks holding national banking licences are reportedly in talks to merge as the recapitalisation deadline set by the Central Bank of Nigeria (CBN) nears.
Two banks holding national banking licences are reportedly in talks to merge as the recapitalisation deadline set by the Central Bank of Nigeria (CBN) nears.
Australia will move to stem the exodus of its banks from the Pacific Islands, the country's top economic official said, as concerns mount that China could bolster its influence by filling in the gaps. Australia and China are locked in "a state of permanent contest in the Pacific", Australia's foreign minister said earlier this year.
The Italian government and Lufthansa reached a deal on the sale of a stake in flag carrier ITA Airways to the German airline, Rome announced Monday evening, hours before a midnight deadline to present the agreement to European regulators.
The presidents of the United States, China and other Asia Pacific nations gather in Lima this week for an economic summit overshadowed by the prospect of a world embroiled in trade wars under Donald Trump.
Beleaguered aviation giant Boeing reached a last-minute settlement Monday with the family of a woman killed in the crash of a 737 MAX jetliner in 2019, averting a federal civil trial.
The liquidators of the defunct cryptocurrency exchange FTX have sued to try to claw back $1.8 billion paid by the company to competitor Binance the year before its bankruptcy, according to court documents filed Sunday. After FTX filed for bankruptcy in November 2022, a liquidation plan for the company's assets was approved in early October by federal judge John Dorsey.
Huge cranes loom over Peru's massive new Chinese-funded Chancay port, a symbol of Beijing's growing influence in South America which is set to be inaugurated by President Xi Jinping on Thursday.
In a bid to dodge a US lawsuit, Swiss chocolatier Lindt & Sprungli has scuppered its own claims about the excellence of its products -- a cornerstone of its marketing strategy. "In its defence strategy, the company has dismantled its own promises of quality," claimed the Swiss newspaper NZZ am Sonntag, raking over a September US court decision.
By the time most Londoners had rolled out of bed on Monday morning, Gary Marshall was already winding down for the day at New Covent Garden Market. "If you're here at one, two or three in the morning, it's like a little city with hundreds and hundreds of people," said Wanda Goldwag, chair of the Covent Garden Market Authority, which manages New Covent Garden Market.
Recent data from the Debt Management Office (DMO) indicates that Nigeria's debt to China, the IMF, the World Bank and other creditors has reached a record level.
Economy
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