Nigeria is rapidly transforming its mining sector through bold reforms to attract investment, enhance local mineral processing, and reduce reliance on oil. With policy overhauls, investor incentives, and a focus on critical minerals, the country is positioning mining as a key driver of economic diversification. Government-led reforms in Nigeria’s mining sector are reshaping the industry, […]
Germany-based semiconductor manufacturer Infineon Technologies on Monday announced that it will set up a Global Capability Centre (GCC) at Gift City in Gujarat which will employ a total of 400 engineers. This is the first GCC that will be set up in Gujarat. The GCC at Gift City, Monday. Jochen Hanebeck, CEO of Infineon Technologies AG was […]
Business interests, from U.S. farmers to global ocean carriers, are warning of severe economic damage from proposals being considered by the U.S. government to hit containerships made in China with steep fines when they call on U.S. ports. The goal of bringing more shipbuilding back to the U.S. is at odds with reality in the global ocean […]
India has ordered Samsung and its executives in the country to pay $601 million in back taxes and penalties for dodging tariffs on import of key telecoms equipment, a government order showed, for one of the biggest such demands in recent years. The demand represents a substantial chunk of last year’s net profit of $955 […]
West Africa-focused independent oil and gas explorer Tullow Oil swung to an annual profit on after-tax basis on Tuesday, largely helped by a reduction in impairments and asset revaluation gains. Tullow has outperformed peers at a time when oil firms’ earnings declined in 2024, following record profits in the previous two years on a recovery […]
Britain’s Financial Reporting Council has fined accounting giant PwC 4.5 million pounds ($5.8 million) in relation to the audit of Wyelands Bank for its 2019 financial year, the regulator said in a statement on Tuesday. According to the FRC, PwC admitted breaches in six areas of the bank’s audit, including risk assessment, compliance with laws […]
President Donald Trump invoked emergency powers to increase U.S. critical minerals production in a bid to reduce reliance on “hostile foreign powers’ mineral production.” In an executive order, the U.S. President invoked the Defense Production Act (DPA), which is the main tool at a U.S. president’s disposal to shift economic activity toward national defense priorities. The […]
Vivendi on Friday said it has reduced its ownership in Telecom Italia (TIM) to 18.4% from 23.8%, in line with its earlier strategic decision to divest from the Italian telecom operator. After further sales made post-March 18, the Paris-listed group said it now owned 18.37% of the ordinary shares and voting rights, and 13.19% of […]
Iran exported commodities valued at $95.322 million to Kyrgyzstan in the first ten months of the current Iranian calendar year (March 20, 2024-January 19, 2025), the spokesperson for the Trade Development Committee of the House of Industry, Mining, and Trade announced. Ruhollah Latifi put the weight of Iran’s 10-month export to Kyrgyzstan at 49,400 tons. […]
SAFE Investment Company, the Hong Kong-based entity responsible for managing a third of China’s US$3.227 trillion foreign exchange reserves, is hiring. According to a job posting on HKCampusRecruitment on the WeChat social media platform, the operator of the world’s third-largest sovereign wealth fund is seeking trainees who could advance to investment analysts or traders after […]