Two banks holding national banking licences are reportedly in talks to merge as the recapitalisation deadline set by the Central Bank of Nigeria (CBN) nears.
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China's Baidu to deploy robotaxis on rideshare app Lyft
Chinese internet giant Baidu plans to launch its robotaxis on rideshare app Lyft in Germany and Britain in 2026, pending regulatory approval, the two companies said on Monday. Lyft and Baidu said Monday that "in the following years" the fleet of Apollo Go driverless cars will be expanded to thousands of vehicles across Europe.
S.Africa eyes new markets after US tariffs: president
South Africa is seeking new markets in Africa and Asia as it negotiates with the United States over looming 30-percent trade tariffs, which could cost around 30,000 jobs, officials said Monday. The 30-percent tariff is the highest in sub-Saharan Africa and comes as diplomatic relations between South Africa and the United States are in tatters over a range of domestic and international policies.
BP makes largest oil, gas discovery in 25 years off Brazil
Britain's BP announced Monday it made its biggest oil and gas discovery in 25 years off the coast of Brazil, as it shifts back to its fossil fuel business. The discovery comes as a boost to the struggling energy major as it undergoes a major overhaul to focus on its more profitable oil and gas business, shelving its once industry-leading renewable energy strategy.
Italy fines fast-fashion giant Shein for 'green' claims
Italy's competition watchdog said Monday it has fined the company responsible for Shein's websites in Europe one million euros ($1.15 million) for false and confusing claims about the e-commerce giant's efforts to be environmentally "green".
Shares in UK banks jump after car loan court ruling
Shares in British banks rose on Monday after the country's top court spared the sector from the worst of feared compensation claims over controversial car loans. While the court upheld one of the three cases, it narrowed the overall grounds for claims, offering relief to banks that had been bracing for widespread payouts from millions of car buyers.
Tycoon who brought F1 to Singapore pleads guilty in graft case
A Malaysian hotel tycoon who helped bring Formula One to Singapore pleaded guilty Monday to abetting the obstruction of justice, in a rare corruption case in the city-state that saw a former transport minister jailed last year.
Egg price crashes, traders share new cost for a crate
The price of eggs in markets across the country has dropped, with the Poultry Farmers Association of Nigeria explaining what factors were involved.
Rwanda bees being wiped out by pesticides
The use of pesticides in East Africa, some sold by European firms despite being banned in the EU, is killing off bees in large numbers and threatening whole eco-systems, scientists say. Despite being banned for use in the EU, malathion is still exported by Denmark, France and Germany -- 12.5 tonnes in 2023, according to the European Chemicals Agency.
Tourism boom sparks backlash in historic heart of Athens
Surrounded by a hubbub of blaring music, restaurant terraces and rumbling suitcase wheels slaloming between overflowing litter bins, Giorgos Zafeiriou believes surging tourism has made his historic Athens neighbourhood unrecognisable. Any resident who spots a restaurant terrace encroaching on public space or cars parked on the pavement can report the offenders to this team.
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