Coca-Cola to acquire ABInBev share in African subsidiary
Coca-Cola intends to buy the stake global beer giant Anheuser-Busch InBev holds in Coca-Cola Beverages Africa, the two companies announced Tuesday. The proposed deal follows Read more
Global Economy
OPEC members lose $1trn to oil price crisis
The over two years of oil price crisis has cost the Organisation of the Petroleum Exporting Countries (OPEC) more than $1 trillion in losses and Read more
Portugal’s Guterres poised to be next UN Secretary-General
Former Portuguese Prime Minister Antonio Guterres is poised to be the ninth United Nations Secretary-General and is expected to be formally recommended to the 193-member Read more
IMF laments rising debt profile of Nigeria
Rising debts in the public and private sectors have become a source of worry to the International Monetary Fund (IMF), which described the development as Read more
Automakers partner to compete against Apple and Google for autonomous car services
Alarmed by the threat posed by Silicon Valley firms developing autonomous driving systems, carmakers at this week’s Paris Motor Show showed signs they are ready Read more
Maersk Oil eyes Shell’s North Sea assets ahead of spin-off
A.P. Moller-Maersk (MAERSKb.CO) is in talks to buy a portfolio of North Sea assets from Royal Dutch Shell (RDSa.L) as the Danish group considers adding Read more
Chinese Imports Rise for First Time in Almost 2 Years
China’s imports rose 1.5 percent in August, marking the first increase in almost two years, while exports dropped 2.8 percent, indicating the world’s second-largest economy Read more
Exclusive – SWIFT discloses more cyber thefts, pressures banks on security
SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures Read more
Qantas Airline ‘stronger than ever’, announces record profit of $1.53b
(9News) Australia’s national carrier Qantas will return a further $500 million of capital to shareholders after Australia’s biggest airline reported an 84.7 percent jump in Read more
Oil prices fall on doubts producers can agree output restraint
By Mark Tay | SINGAPORE Oil prices fell away from 5-week highs on Wednesday as analysts doubted possible producer talks to rein in ballooning oversupply Read more