investment
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The Chinese government and its state-controlled entities spent over USD 5.5 million at properties owned by Donald Trump while he was in office, CNN reported quoting financial documents cited in a report from House Democrats released on Thursday. It reported that it was the largest total of payments made by any single foreign country known…
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As the 2023 financial year winds up, the Office of the Accountant General of the Federation (OAGF) has issued a stern notice to all Ministries, Departments, and Agencies (MDAs) regarding the closure of 2023 accounts and the commencement of 2024 budget access. The notice came in the annual Federal Treasury Circular with reference number TRYA7&B7/2023/OAGF/CAD/026/Vol.V/823…
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This week, French finance minister Bruno Le Maire said that France and Germany agree on most proposed changes to European Union (EU) fiscal rules but differ on the treatment of investment spending when the deficit is above EU limits. Maintaining investment was crucial for Paris, a “red line,” he stressed. “I consider that France has…
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For a period of time this year, China’s export growth rate declined. This should be viewed rationally. It was related to the high base of last year. Data show that the excess inventory during the COVID-19 pandemic has been gradually digested, and the electronics cycle in the Western market has begun to bottom out. In…
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Had US President Joe Biden not talked about bringing “high-speed rail to our nation” during his recent trip to Las Vegas, it would have continued to pass most people’s notice that the United States does not have a single high-speed railway line. When the US rose to the world stage in the late 19th and…
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Reuters reported that Alphabet’s Google plans to invest hundreds of millions of dollars in Character.AI, the fast-growing artificial intelligence (AI) chatbot startup. Two former Google employees Noam Shazeer and Daniel De Freitas founded Character.AI. The investment, structured as convertible notes, will strengthen the current partnership between Google and Character.AI, which uses the tech giant’s cloud…
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President Bola Tinubu, on Saturday in Riyadh, Saudi Arabia, began his deliberation with the captains of the Saudi Arabian industry at the Nigeria-Saudi investment roundtable. The President declared that with his team in place, every negative perception or notion about what Nigeria has represented in the past with respect to the ease of doing business,…
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Despite inconsistent government policies coupled with bureaucratic bottlenecks hindering the smooth operations of indigenous airlines, West Africa’s largest carrier, Air Peace, recently recorded another breakthrough. This time it is not the expansion of its fleets as has been the case, rather the private carrier made a remarkable entry into the European air space after securing…
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Microsoft (MSFT.O) is aiming to close its $69 billion deal for “Call of Duty” publisher Activision Blizzard (ATVI.O) on Oct. 13 if it gets approval from Britain’s antitrust regulator, the Verge reported on Friday, citing a source. The Xbox maker had in July extended the cutoff date for the deal to Oct. 18 to get more time to secure…
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Japan will subsidize hydrogen fuel cell systems and other equipment to the tune of 30.6 billion yen ($205 million), the Nikkei business daily reported on Sunday. The government’s decision is aimed at supporting the development of components for electric aircraft with reduced carbon dioxide (CO2) emissions, the newspaper said. The trade ministry is expected to…
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Nigerian stocks attained their peak level ever on Tuesday as the all-share index, which measures the overall performance of equities climbed 0.5 per cent to 66,490.3 basis points on the back of a series of market-friendly reforms helping Africa’s largest economy restore investor confidence to its markets Tuesday’s feat pushes a high of 66,371.2 basis…
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Ben Murray-Bruce @benmurraybruce
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The Central Bank of Nigeria’s Monetary Policy Committee has moderately hiked monetary policy rates to 18.75 per cent. The acting Governor of the Central Bank of Nigeria, Mr Folashodun Shonubi, disclosed this on Tuesday at the press briefing at the end of the 292nd MPC meeting. MEZIESBLOG recalls that the Central Bank of Nigeria (CBN),…
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The UK government announced Monday that it is financing the construction of a high-speed electrified railway in southern Türkiye. The announcement came from the UK government’s export credit agency, UK Export Finance (UKEF), which has underwritten €781 million ($872 million or £680 million) for the project. The construction will enable Turkish conglomerate Ronesans Holding to…
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Former Manchester United midfielder Paul Pogba wants to help tackle the UK’s cost of living crisis, telling news reporters that ending poverty is “the goal” of a new ethical fund he is launching. In an exclusive interview Pogba, 30, recalled queuing with his mother at food banks when he was growing up in France. “I…
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Let’s look at why and how companies choose to invest in foreign markets. Simply purchasing goods and services or deciding to invest in a local market depends on a business’s needs and overall strategy. Direct investment in a country occurs when a company chooses to set up facilities to produce or market their products; or…
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