The US retail giant Walmart has said that it will pay $3.1bn as a tentative settlement in lawsuits brought by state, local and tribal governments over the company’s role in…
Category: Business News
Lebanon: TotalEnergies to launch gas exploration in the Mediterranean Sea
French oil giant TotalEnergies has said it will soon launch gas exploration activities in the Mediterranean Sea off Lebanon’s coast, following a United States-mediated agreement that put an end to…
Japan: Economy unexpectedly shrinks as consumption slows
Japan’s economy unexpectedly shrunk in the third quarter as private consumption slumped and import costs rose. Asia’s second-largest economy contracted 0.3 percent during July-September, official data showed on Tuesday, after…
Italy: Court rejects Nigeria’s $1.1bn damages request against Eni, Shell
An appeals court in Milan has rejected Nigeria’s $1.1bn compensation request against Italian energy group Eni and British oil and gas company Shell in civil proceedings relating to a $1.3bn…
USA: Distressed crypto exchange FTX files for bankruptcy
Crypto exchange FTX has initiated US bankruptcy proceedings and CEO Sam Bankman-Fried has resigned, after a liquidity crisis at the cryptocurrency group that has prompted intervention from regulators around the…
USA: Musk halts Twitter’s coveted blue tick as impostors run amok
Twitter Inc paused its recently announced $8 blue tick subscription service on Friday as fake accounts exploded, and new owner Elon Musk brought back the “official” badge to some users…
US: President Biden concerned about Elon Musk’s international relations
The United States Federal Trade Commission (FTC) said on Thursday it was watching Twitter with “deep concern” after the social media platform’s top privacy and compliance officers quit, potentially putting…
Germany: KFC apologises for Nazi ‘Kristallnacht’ chicken promotion
KFC has apologised after sending a notification to German customers encouraging them to commemorate the Kristallnacht anti-Jewish pogrom with fried chicken and cheese. The fast food chain sent a notification…
UK: Economy shrinks as lengthy recession looms
The United Kingdom’s economy shrank in the three months to September at the start of what is likely to be a lengthy recession, underscoring the challenge for finance minister Jeremy…
Nigeria: Blast kills four in popular southeast market
At least four people have been killed and a dozen more injured following a blast at a popular market in Nigeria’s southeastern state of Anambra, a witness and official said.…