Category: Business

Nigeria has received a significant trade advantage under the United Kingdom’s Developing Countries Trading Scheme (DCTS), which grants tariff reductions on nearly 3,000 Nigerian products. The initiative, confirmed in October 2025, is designed to expand access to the UK’s consumer market while supporting global trade opportunities for developing economies. The scheme, launched in 2023 as […]

The role helps galvanise greater understanding of the transformative potential of space technology in addressing global challenges, including climate change, disaster management and sustainable development. Professor Cox told UN News that “we have to operate in certain areas as a single planet; space is one of the best examples of that,” adding that it does […]

General Motors (GM) has laid off more than 200 engineers, delivering the news via Microsoft Teams, even as the company reported stronger-than-expected profits and raised its financial outlook for 2025. The move, confirmed on October 24, 2025, has sparked criticism over the timing and method of the layoffs, highlighting the tension between corporate restructuring and […]

📉 Summary German luxury automaker Porsche AG has posted a €967 million ($1.1 billion) operating loss for the third quarter of 2025, marking its first quarterly deficit since listing publicly. The result, announced Friday, exceeded analyst expectations and underscores the company’s deepening crisis amid a slower-than-expected transition to electric vehicles (EVs) and shrinking demand in […]

Today, EFF joined a coalition of civil society organizations in urging UN Member States not to sign the UN Convention Against Cybercrime. For those that move forward despite these warnings, we urge them to take immediate and concrete steps to limit the human rights harms this Convention will unleash. These harms are likely to be […]

🧾 Summary Nigerian fintech Lidya, founded in 2016 to provide collateral-free loans to small businesses, has ceased operations following the resignation of its CEO and CTO, and mounting complaints from customers unable to access their funds. The company’s closure marks a dramatic fall from grace for one of Africa’s early digital lending pioneers. 📉 Leadership […]

🧠 Summary Meta Platforms has formed a $27 billion joint venture with Blue Owl Capital to develop the Hyperion data center campus in Richland Parish, Louisiana, effectively moving the project off its balance sheet. The deal reflects a growing trend among tech giants to use special purpose vehicles (SPVs) to fund large-scale AI infrastructure without […]

Knowledge production doesn’t happen in a vacuum. Every great scientific breakthrough is built on prior work, and an ongoing exchange with peers in the field. That’s why we need to address the threat of major publishers and platforms having an improper influence on how scientific knowledge is accessed—or outright suppressed. In the digital age, the […]

WASHINGTON/OTTAWA: U.S. President Donald Trump announced late Thursday that he is terminating all trade negotiations with Canada, citing a controversial advertisement aired by the Ontario government. The ad features archival audio of President Ronald Reagan criticizing protectionist trade policies, which Trump labeled “fraudulent” and “interference” in U.S. judicial matters. “Based on their egregious behavior, ALL […]

ELKTON, Va., Oct. 23, 2025 — Pharmaceutical giant Merck & Co. has begun construction on a 400,000-square-foot Center of Excellence for Pharmaceutical Manufacturing at its long-standing Elkton site in Rockingham County. The project, valued at $3 billion, represents one of the company’s largest single-site investments in the United States. Expansion of a Historic Site Merck […]