Crude oil futures Friday traded slightly higher, extending the week’s strong gains as prices hit the highest levels since March amid growing concerns of a supply crunch in the second half of the year. Front-month July ICE Brent futures were trading at $117.95/barrel (1425 GMT), compared to Thursday’s settle of $117.40/b but off from Friday’s […]
European Union (EU) antitrust regulators have extended their decision on whether or not to clear Facebook’s purchase of U.S. customer service startup – Kustomer – to January 7, 2022. A news report by Reuters indicated that a European Commission filing showed on Wednesday the extension of the deadline for a second time was sequel to […]
European Union (EU) antitrust regulators have extended the deadline for a decision on Facebook’s acquisition of U.S. customer service startup, Kustomer, by a week to Dec. 15, 2021. A European Commission filing on Monday, indicated that the EU executive, which acts as the competition enforcer for the 27-country bloc, opened a full-scale investigation into the […]
The European Commission on Wednesday initiated plans for the world’s first carbon border tax on imports of carbon-intensive steel, cement, fertilizers, aluminium, and electricity, as part of a programme to meet its new climate target. According to the commission, the border levy, which is designed to protect European industries from competitors abroad whose manufacturers can […]
The European Commission (EC), the administrative arm of the European Union (EU) on Thursday fined BMW, Audi, Porsche and Volkswagen €875,189,000 for illegally colluding to restrict competition on emission-cleaning equipment for diesel engines. A news report by Forbes.com indicated that all the five automakers admitted their guilt, although Daimler escaped a €727 million financial penalty […]
Britain and Australia on Tuesday announced a free trade deal which the British government described as an important step towards building new trade relationships following its departure from the European Union (EU). By its projection, the British government believes that cars, Scotch whisky and confectionery would be cheaper to sell in Australia because of the […]
The Council of the European Union (EU ) has raised questions on Washington’s demands on countries to roll back national “unilateral” tech taxes as soon as a global levy on multinational companies is agreed on. A news report by POLITICO, an online platform, indicated that the Council’s opposition to the U.S. government’s fiscal stance was […]
The European Union (EU) and the United States (U.S.) Government have agreed to a partial truce in a dispute over metal tariffs imposed by the immediate past president, Donald Trump and to open discussions on global over-capacity and China’s “trade-distorting” policies. A news report by Reuters quoted the European Commission, which oversees EU trade policy, […]
The French Finance Minister, Bruno Le Maire, on Friday expressed his country’s support for the European Union’s (EU’s) own digital tax in the first quarter of 2021 if broader efforts to find an international solution failed to translate into concrete results this year. A news report sourced from Reuters quoted the minister as saying that […]
The Federal Government and multilateral donor agencies are expected to sign three key transmission projects deals worth $956 million to be executed by the Transmission Company of Nigeria under its national grid expansion plan before this month ends. Already, a meeting had been held between the TCN and representatives of the multilateral donor agencies in […]