Business archive
Page 11
SpaceX’s Starlink Expands Reach with New Spectrum Deals and Airline Partnerships
SpaceX’s satellite internet division, Starlink, has crossed a major milestone - surpassing 8 million customers globally - while securing fresh wireless spectrum and new aviation partners as part of it...
Tesla shareholders approve Elon Musk’s $1 trillion pay package
Tesla shareholders approved a pay package on Thursday that could make CEO Elon Musk, already the world's richest person, the world's first trillionaire.Tesla announced that more than 75% of shares vot...
Starbucks Sells Control of China Business in $4 Billion Deal With Boyu Capital
The coffee giant bets on local expertise to revive growth in its second-largest market. A Strategic Shift in Asia Starbucks Corp. announced Tuesday that it will sell a controlling stake in its Chinese...
Wall Street Titans Warn: Market Correction Looms as Valuations Surge
CEOs of Morgan Stanley and Goldman Sachs caution investors against “unrealistic optimism” amid record S&P 500 highs. A Wave of Caution From the Top The heads of two of Wall Street’s most powerful ...
Petrol Nears And Passes ₦1,000 In Parts Of Nigeria As 15% Import Duty Takes Effect
Nigeria approved a 15 percent import duty on petrol and diesel to push the market toward local refining and price stability. The policy is already pressuring pump prices toward, and in some cities abo...
Tech Earnings Extend Nasdaq Hot Streak, but 'Job fears Linger
U.S. tech stocks are powering the Nasdaq toward a record-setting streak, but analysts warn that the euphoria masks growing caution in the labor market and consumer spending. Big Tech’s profit rebound ...
JPMorgan Chase & Co.’s Deep-Banking of Jeffrey Epstein Doesn’t Just Raise Compliance Questions it Signals Systemic Risk
Internal records and recent court filings show that JPMorgan allowed Jeffrey Epstein to maintain high-volume accounts and processed over $1 billion in suspicious transactions. The issue goes beyond on...
U.S. Warns of Global “Economic Decoupling” from China Amid Rare‐Earth Export Controls
The United States Treasury Department and the Office of the United States Trade Representative (USTR) have issued a sharp warning: if People’s Republic of China proceeds with its sweeping export contr...
Federal Judges Force the SNAP Benefits to Stay Active Amid the Shutdown
With millions of Americans relying on food-aid, two federal judges have ruled the United States Department of Agriculture (USDA) must continue payments even as the government funding crisis deepens. F...
Pfizer Inc. sues Novo Nordisk A/S in Explosive Acquisition Fight Over Weight-Loss Drug Maker
Pfizer has launched legal action against Novo Nordisk and the U.S. biotech Metsera Inc., accusing them of breaching a merger deal and trying to squelch emerging competition in the fast-growing obesity...
Nigeria and South Africa exit FATF grey list, markets read a credibility upgrade
Nigeria and South Africa have been removed from the Financial Action Task Force grey list after the October plenary in Paris. The decision signals progress on anti-money-laundering and counter-terrori...
After 2 Years of Silence, Michael Burry Signals Another Crash is Coming
The “Big Short” investor returned to X after nearly two years and posted a three-line message that reads like a market exit sign. His timing collides with record highs fueled by AI, which makes ...
Meta's $16 Billion Tax Bill and the Real Cost of Zuckerberg's AI Bet
Meta beats on revenue but stock plunges 9%. A massive tax charge obscures record spending - and reveals the mounting pressure behind the AI infrastructure race.There is a particular brand of cor...
Out of Ammunition: How The Tariff War Left Canada's Central Bank With No Good Options
There is a moment in every economic crisis when a central bank governor looks into the camera and admits, with carefully chosen words, that the tools at their disposal are no longer sufficient. ...
Boeing’s Big Loss Undercuts Its China Comeback
Boeing just revealed a third-quarter net loss of $5.34 billion, even as it eyes a breakthrough deal in China that could reshape its global positioning. The timing could not be worse. The Context:...
Barclays Expands US Personal Finance Reach with $800 Million Acquisition of Best Egg
In a bold move to deepen its footprint in the US personal finance sector, Barclays has announced the acquisition of Best Egg for approximately $800 million. Best Egg, known for its innovative approach...
AI Boom Creates “Golden Handcuffs” for Tech Employees
The AI surge is reshaping more than just the tech landscape - it’s also transforming employee compensation and retention strategies. According to a recent report, many tech companies are leverag...
Dangote Refinery to Scale Up to 1.4 Million Barrels per Day
Dangote Group has announced plans to more than double the processing capacity of its petroleum refinery, increasing from 650,000 barrels per day (bpd) to 1.4 million bpd. &nb...
Dangote to Raise $5 Billion for Refinery Expansion, Says Afreximbank CEO
In a major development for Africa’s largest oil refinery, Nigerian billionaire Aliko Dangote is set to raise $5 billion for the expansion of his refinery. The announcement was made by the CEO of...
Nigeria’s Government Seeks Global Investment in Solid Minerals Sector
The Nigerian government is ramping up efforts to attract global investors to the country’s solid minerals sector, aiming to unlock vast economic potential in untapped resources. In a recent move...
Presco Declares ₦10 Interim Dividend Following Record ₦139.7 Billion Profit Before Tax in 9M 2025
Presco Plc, Nigeria’s leading fully integrated edible oil company, has reported a remarkable financial performance for the nine months ending 30 September 2025. The company achieved a Profi...
The $50 Billion Paradox: Why Nigeria's Crypto Boom Leaves Traditional Markets Behind
According to the Securities and Exchange Commission (SEC), cryptocurrency transactions in the country topped USD 50 billion between July 2023 and June 2024. Key FactsThe figure un...
Replit Projects $1 Billion in Revenue by 2027 Amid AI Coding Boom
Developer-focused AI startup Replit is on track to hit $1 billion in revenue by the end of 2026, up from approximately $240 million in annual sales, according to recent projection...
Earnings Week: Which Q3 Results Mattered - and Why Investors Reacted
As Q3 2025 earnings season unfolds, investors are learning that strong results aren’t always enough to move markets higher. For many top companies, this quarter has been less about headline numbers an...