Category: Business and Economy

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TSUNEHISA KATSUMATA DIES AT 84, TRIALS STILL PENDING

TSUNEHISA KATSUMATA DIES AT 84, TRIALS STILL PENDING

Tokyo Electric Power Company Holdings’ former chairperson, who led the emergency response after a meltdown at its Fukushima Daiichi nuclear plant and was accused of being responsible for failing to prevent the disaster as top management, has died, with his trials still pending. He was 84.Associated Press reported that Tsunehisa Katsumata died on Oct. 21, TEPCO said...

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PUTIN UNVEILS BRICS CURRENCY, THE BACK OF THE BANK NOTE CARRIES NIGERIA FLAG AND THAT Of OTHER NATIONS

PUTIN UNVEILS BRICS CURRENCY, THE BACK OF THE BANK NOTE CARRIES NIGERIA FLAG AND THAT Of OTHER NATIONS

Russian President Vladimir Putin unveiled a common currency that will replace the US dollar in trade between the two countries during the BRICS summit in Kazan. The new currency is called the BRICS, using the name of the summit.The new currency, designed to strengthen economic exchanges and reduce dependence on the dollar has the banknote...

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BOEING FACTORY WORKERS REJECT CONTRACT, CONTINUE SIX WEEKS STRIKE

BOEING FACTORY WORKERS REJECT CONTRACT, CONTINUE SIX WEEKS STRIKE

Boeing factory workers voted Wednesday to reject the company’s latest contract offer and to continue a six-week strike that has halted production of the aerospace giant’s bestselling jetliners.Local union leaders in Seattle said 64% of members of the International Association of Machinists and Aerospace Workers who cast ballots voted against accepting the proposal.“After 10 years...

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RUSSIA INVESTIGATES CLAIM OF CARGO JET SHOT DOWN IN SUDAN’S DARFUR REGION

RUSSIA INVESTIGATES CLAIM OF CARGO JET SHOT DOWN IN SUDAN’S DARFUR REGION

Sudan’s paramilitary Rapid Support Forces said Monday they shot down a cargo jet in the country’s far western reaches of Darfur, a claim that Russian diplomats said they were trying to investigate in the war zone.Mobile phone footage showed what appeared to be a debris field with fighters from the paramilitary force, known as the...

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DANGOTE REFUTE ALLEGATIONS OF FILING FRESH LAWSUIT AGAINST NNPCL AND OTHERS

DANGOTE REFUTE ALLEGATIONS OF FILING FRESH LAWSUIT AGAINST NNPCL AND OTHERS

Against the news circulating on the social media that Dangote Petroleum Refinery and Petrochemicals has filed a lawsuit at the Federal High Court in Abuja requesting the annulment of import licenses granted to the Nigerian National Petroleum Company Limited (NNPCL) and others, the group has refuted the allegations.In a press statement released, Dangote affirmed that...