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Oil prices pressured by economic slowdown

Oil prices were on Wednesday weighed down by economic growth concerns that dampened the outlook for fuel consumption, but supported by voluntary supply cuts led by producer club OPEC and by U.S. sanctions against Iran and Venezuela.
Qatar is developing a number of sustainable settlement [Reuters]

Qatar moves to establish more sustainable developments

During Doha's sweltering summers, when temperatures can hit 45 degrees Celsius and steamy humidity makes the air feel even hotter, museum manager Fahad al-Turky tends to drive a lot and stay mainly indoors.
Thomson Reuters Corp

Reuters to sack 3,200 workers by 2020

Thomson Reuters Corp said on Tuesday that it will cut its workforce by 12 per cent by 2020, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs.

Asia, Europe rush Nigerian crude oil, US import in record fall

U.S. crude oil imports from Nigeria in July plunged to the lowest level in three years and are continuing to slip as Asian and European buyers increase purchases, trade flow data from Thomson Reuters and market intelligence firms Genscape and Kpler show.
Samsung

Samsung profits slow due to weak smartphone sales

Samsung shares fell 2 percent as the guidance gave investors insight into how badly the decline in smartphone profitability is hurting the company’s bottom line, after it warned in April of an earnings slowdown amid tougher competition.
Xiaomi

China’s Xiaomi raises $4.72 billion after pricing Hong Kong IPO at bottom of range

China’s Xiaomi priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said on Friday.

Report: Nigeria named 9th most dangerous country for women

Nigeria has been named the ninth most dangerous country for women in the latest report released by Thomson Reuters Foundation on Tuesday.

Global index: World less peaceful than a decade ago

The world is less peaceful than a decade ago, mostly due to conflict in the Middle East and Africa that is costing the global economy trillions of dollars, an international index showed on Wednesday.

Dropbox beats estimates in first results since going public

File sharing and storage company Dropbox beat Wall Street expectations for quarterly results and topped estimates for paying subscribers in its first financial report as a publicly traded company.

US oil hurts Nigeria, OPEC in Europe

US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria.

Mexico fines steel coy over market manipulation

Mexico’s securities regulator has imposed one of its biggest fines ever for market manipulation on steel company Industrias CH, owned by billionaire Rufino Vigil Gonzalez.

Amazon posts largest profit in its history on sales, tax boost

Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to U.S. tax law added to its bottom line.

Bank of America profit slumps on $2.9 billion tax charge

Bank of America Corp’s fourth-quarter profit nearly halved as it booked a $2.9 billion charge stemming from the new federal tax law.

China denies allegation of illicit oil sale to North Korea

China on Friday denied reports it has been illicitly selling oil products to North Korea, after U.S. President Donald Trump said he was not happy that Beijing allowed oil to reach the isolated nation.

Murtala Muhammed Foundation steps in to help sick Chibok girls

A group of injured and sick Chibok schoolgirls freed by Boko Haram will be supported by a Nigerian charity to get the treatment they need, after the girls’ parents said the government had failed to help them to pay their medical bills.

Middle East, US crude oil curbs Indian appetite for African supplies

India’s imports of African crude oil in October plunged to their lowest in over four years, with the world’s No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed.

Samsung forecasts Q3 profit of $12.8 billion, up 179% year-on-year

Samsung Electronics said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins.

NSE, Thomas Reuters hosts market data workshop

The Nigerian Stock Exchange, NSE, in partnership with Thomson Reuters and other capital market participants, is set to host the second edition of the NSE Market Data Workshop.

Recent Stories

NAFDAC warns against consumption of non-iodised salt

The National Agency for Food and Drug Administration and Control (NAFDAC) has advised Nigerians to stop the consumption of non-iodised salt as “it is dangerous to human health.”
Ashraf Ghani

Afghan president unhurt as blast kills 24 at election rally

An explosion near an election rally attended by Afghan President Ashraf Ghani killed 24 people and injured 31 others, a health official said, but Ghani was unhurt according to an aide.

Xenophobia: Air Peace evacuation flight delayed over landing permit

The flight billed to airlift Nigerians from South Africa has been delayed because authorities at the OR Tambo International Airport, Johannesburg is yet to give permit to the airline for the flight.
The Speaker of the House of Representatives, Femi Gbajabiamila, has approved the appointment of Olarewaju Lasisi as his senior special adviser on media and public affairs. 1

Speaker Gbajabiamila: New Reps committees to begin work in October

The House of Representatives resumed plenary on Tuesday after an annual recess that lasted almost two months.

Nigerian migrants struggle to reintegrate after Libya ordeal

Emerging from her ordeal, Gloria considers herself "privileged". Last year, the 26-year-old left Nigeria with four other women, dreaming of a better life in Europe.