Business

Daughter of Angola's president takes over Portugal Telecom

Shares of Portugal Telecom soared more than 12 percent on Monday in reaction to a…

Russia floats the battered ruble

Russia's central bank said Monday it is floating the ruble and will intervene to prop…

Algerian now produces Renault cars

French motor manufacturer Renault inaugurated a multi-million-euro plant in Algeria Monday, Paris's former colony owning…

Japan unveils technology that detects counterfeits

Japan's NEC on Monday unveiled a technology that sniffs out even the most convincing counterfeits…

Xi Jinping assures world on China's financial risks

The financial risks China faces are "not that scary", President Xi Jinping said Sunday as…

HSBC Brazil slashes 1,000 jobs in single week

Layoffs by HSBC bank in Brazil will likely top 1,000 this week, the workers' union…

Odumodu re-appointed boss of SON

Nigeria's Federal Government has announced the re-appointment of Dr Joseph Odumodu as Director-General of Standards…

China trade surplus hits $45.41 bn in October

China recorded a better-than-expected trade surplus of $45.

Nigeria's cement industry got $7bn new funds in 3 years, says Aganga

Mr Olusegun Aganga, Minister of Industry, Trade and Investment, on Friday said the Federal Government…

Oil prices rise after rough week of steep losses

Oil prices climbed Friday as the market took a breather after a turbulent week that…