Business archive

Page 2

1. Judge Lets SpaceX Acquire More Than 700 Acres Of Lower Rio Grande Valley Refuge, Swap Proceeds

   A federal judge refused to block a land exchange, allowing a swap that would give SpaceX more than 700 acres inside the Lower Rio Grande Valley

2. CMA Caps Vet Prescription Fees at £21, Critics Say Independents Will Lose

   The CMA made new rules legally binding, forcing published price lists, written estimates from £500 and a £21 cap on prescriptions.

3. YouTube-Backed Creator Voices Gives UK Creators an Organised Route to Industry Recognition

   Creator Voices, backed by YouTube UK, will use members' reach and Oxford Economics findings to push for formal industry status, representation and

4. Côte d'Ivoire To Host 2027 U.S.-Africa Business Summit, Raising Its Profile With U.S. Investors

   The Corporate Council on Africa announced in New York that Côte d'Ivoire will host the 2027 U.S.-Africa Business Summit, placing the country at the

5. AMD Tops $1 Trillion Market Cap for First Time as AI Sales Propel Stock

   Shares rose 9% to an intraday high of $613.92, lifting AMD above $1 trillion after a five-day rally tied to AI-driven data centre growth.

6. CBN Offers ₦500 Billion in Final Q3 T‑Bills, September Receipts May Top ₦2.4 Trillion

   The CBN will auction ₦500 billion in Treasury Bills on Sept 23, with bids due 8-11 a.m. Allotments and payment are due by 11:00 a.m. on Sept 24.

7. Fidelity Bank’s ROE Falls After Recapitalisation, Investors Face Margin Test

   Return on equity fell from 41.7% in 2024 to 24.4% in 2025 after shareholders’ funds doubled in a recapitalisation.

8. Naira Set To Consolidate Near ₦1,350/$ As CBN Holds Rates

   A likely CBN rate hold and high MPR curb naira gains, pointing to a gradual pullback or consolidation near ₦1,350/$.

9. John Oliver Ties David Ellison's Warner Bid to Larry Ellison's $40.4 Billion Backing

   On Last Week Tonight, John Oliver used a UnitedHealthCare segment to point to Larry Ellison's $40.4 billion support for David Ellison and to link

10. U.S. Considers Allowing Drug Licensing, Chinese Biopharma Stocks Rally

    Hong Kong drug stocks jumped after a report the U.S. Treasury is drafting rules to let American firms license or invest in most Chinese drug programs.

11. Steady Middle East Flows Limit Oil Price Gains

    Brent and WTI slipped after JPMorgan said Middle East shipments averaged 17.1 million bpd, keeping a lid on prices despite a Saudi pipeline

12. Nvidia CEO Dismisses AI Extinction Warnings, Challenges Calls To Slow Development

    Nvidia chief Jensen Huang dismissed predictions AI will wipe out humanity by 2030 as 'doomsday narratives' and defended responsible deployment.

13. Federal Government Opens Talks To Clear ₦330.08 Billion EEG Backlog, Allowing Verified Exporters To Recover Claims

    Federal agencies and exporters are reconciling verified and stepped-down EEG claims totalling ₦330.08 billion, while a Trade Facilitation Fund will

14. US Manufacturers Raise Prices as Tariffs, Fuel and Rate Hikes Squeeze Margins

    Tariffs, fuel spikes and higher borrowing costs are forcing manufacturers, auto suppliers and retailers to raise prices and stockpile parts.

15. Changpeng Zhao's Wealth Rises $9.76 Billion in 24 Hours to $91.2 Billion

    Changpeng Zhao's net worth climbed $9.76 billion in 24 hours to $91.2 billion, driven by his Binance stake and a change in valuation method.

16. Mark Ruffalo Presses Bonta To Reject Paramount Settlement, Raising Pressure On State Antitrust Talks

    Ruffalo told AG Rob Bonta on X to refuse a Paramount settlement tied to the Warner Bros. Discovery merger and urged an Oakland protest.

17. California Enacts AB2319 Post-Production Tax Credit to Bring Editing Work Back

    Gov. Gavin Newsom signed AB2319, a credit for picture editorial, sound, VFX and finishing aimed at returning post work and related jobs to California.

18. David Ellison Threatens to Move Paramount, Risks 60,000 Hollywood Jobs

    David Ellison says he will relocate Paramount unless California drops a lawsuit; a leaked LAEDC analysis warns about 60,000 jobs at risk.

19. Warren Buffett Steps Down As Berkshire Chairman, Howard Buffett Succeeds

    Warren Buffett becomes chairman emeritus after a six-decade run; his son Howard will lead the board while Greg Abel continues as CEO.

20. Defense Firms Pivot To Protect Subsea Infrastructure, Create New Market

    Governments and firms are funding AUVs and sensors to guard submarine cables and pipelines. Fincantieri plans around 600 million euros ($689 million)

21. Tata Sons Reappoints N Chandrasekaran, Deepening Rift and Moving Toward Listing

    Tata Sons' board reappointed N Chandrasekaran and backed a public listing despite opposition from Tata Trusts, heightening legal and governance risks.

22. Fed’s Quarter-Point Hike Sends Dow Down 1.7%, Cramer Sees Quiet Week Ahead

    The Fed’s quarter-point rate increase pushed the Dow down 1.7% for the week. Jim Cramer expects a light earnings slate led by Okta’s analyst meeting.

23. NASA Gives SpaceX $950 Million Extension For Three ISS Crew Flights

    NASA has added $950 million to an existing contract, allowing SpaceX to carry out three additional crewed Dragon missions to the International Space

24. Disney Hires Ex-AI CEO, Raises Questions About Copyright Stance

    Disney hired the former CEO of an AI firm it had accused of copyright infringement, a decision that complicates its public stance on intellectual

25. FirstHoldCo Tops ₦7 Trillion as FTSE Frontier 50 Debut Nears

    FirstHoldCo Plc, parent of FirstBank, passed a ₦7 trillion market capitalisation on Friday after a share rally, ahead of its FTSE Frontier 50 debut.

26. Warsh Calls Move a 'Dose' Removal, Markets Price More Fed Hikes

    Kevin Warsh framed the quarter-point increase as removing 'a dose of accommodation', sending traders to raise odds of further rate rises in October.

27. Sunrise Faces Cost Order After Tribunal Finds $500,000 Transfer To Atiku’s Ex-Wife Preceded Mambilla Award

    An ICC tribunal found a $500,000 payment to Jennifer Douglas was made on 30 January 2003, before the technical committee recommended Sunrise for

28. Brewdog Staff and Creditors Receive Nothing After Administrators Find Insufficient Funds

    Administrators say the brewer's retail arm lacks funds to pay about £489,000 owed to staff and £2.4m owed to HMRC.

29. Bank of England Holds While Fed, ECB and Bank of Japan Raise Rates, Deepening Global Split

    The Bank of England paused at 3.75% as the Fed, ECB and Bank of Japan tightened, widening splits that will affect currencies, bonds and capital flows.

30. Mafab Offers 5G Spectrum, Boosting MTN’s Network Capacity

    Mafab proposes transferring 2×20 MHz at 2.1 GHz and 100 MHz at 3.5 GHz to MTN, a sale that requires Nigerian Communications Commission approval.

31. Taxpayers Face £1.3m Daily Cost as MPs Demand Plan for British Steel

    Public Accounts Committee says ministers cannot explain how nationalised British Steel will return to viability, after £555m spent.

32. Lachlan Murdoch’s Pay Falls to $31 Million as Fox Seeks to Close Roku Deal

    Fox Corp disclosed Lachlan Murdoch’s pay dropped to $31 Million last year, a filing that arrives as the company works to complete its Roku deal.

33. Appeals Court Lets Insurers Seek More Than $1 Billion From Hyundai, Kia

    About 200 insurers get a renewed chance to recover over $1 billion after a federal appeals court revived claims tied to Hyundai–Kia thefts.

34. Record Diesel Prices Raise Transport Costs, Risk Pushing Broader U.S. Inflation

    Record diesel costs are already battering trucks and rail, and if energy prices remain high the economic fallout could spread beyond transport.

35. GM Adds New V-8s to Protect Truck Profits and Market Lead

    GM unveiled two new V-8s, a carryover diesel and an upgraded four-cylinder for 2027 Silverado and Sierra to shore up truck sales.

36. Huawei Moves Ascend 960DT Launch to Q1 2027, Tightens Race With Nvidia

    Huawei brought forward the Ascend 960DT to Q1 2027, accelerating its push into high-performance AI chips while raising questions about cluster scale

37. Saudi Sends Extra Crude Through Hormuz, Pulls Oil Prices Lower

    Brent and WTI fell after Saudi offered extra cargoes via Hormuz to offset a pipeline outage; markets remain watchful.

38. Barclays Raises Office Days, Staff Demand One-Off Payment

    Barclays will require some employees to be in the office at least three days a week. Unite, representing 36,000 staff, wants exemptions and a one-off

39. Nigeria’s Five REITs Total $230 Million, Pension Funds Needed to Grow Market

    Nigeria’s five REITs hold about $230 million, leaving the market far smaller than South Africa’s roughly $27 billion share and dependent on private

40. Northern Ireland Households Get One-Off £63 Electricity Bill Cut From Next Month

    All Northern Ireland households will receive a one-off £63 electricity reduction from next month, applied automatically to meters and bills.