International Archives — City Business News

January 31, 2023 No Responses

INEOS GRENADIER PARTNERS COSCHARIS MOTORS IN NIGERIA

INEOS Automotive has named Coscharis Motors as its official retail partner in Nigeria. A statement sent to City Business News explained that Nigeria is now the sixth market in Sub-Sahara Africa to join the INEOS Automotive brand, following South Africa, Kenya,...

January 13, 2023 No Responses

Bermuda Stock Exchange To Host WFE Annual Meeting In 2023

The World Federation of Exchanges (WFE) has announced Bermuda Stock Exchange (BSX) as host of the industry’s General Assembly & Annual Meeting in 2023. A statement sent to City Business News explained that the meeting, now in its 62...

January 1, 2023 No Responses

CAN Mourns Pope Benedict XVI

Pope Benedict XVI positively influenced people across religious divides all over the world during his life time, the Christian Association of Nigeria (CAN) has declared. The apex Christian body in Nigeria stated this in its condolence message over ...

December 31, 2022 No Responses

LNG Insurers Scramble To Retain War Cover

Japan, the world’s top importer of LNG, is working with marine insurers in the country to ensure LNG imports from Russia are not jeopardized in the wake of the latest sanctions against Moscow. Already, three companies from Japan, Tokio Marine...

December 26, 2022 No Responses

Dozens Dead As Freeze Grips North America

At least 38 deaths have now been linked to a severe Arctic freeze that continues to pummel the US and Canada. Officials say 34 people died across the US, with the worst-hit area being the city of Buffalo, in New...

November 25, 2022 No Responses

Maersk Settles Sexual Assault Litigation

Maersk Line Limited (MLL), a wholly-owned subsidiary of A.P. Moller – Maersk, has settled litigation with Hope Hicks, a former midshipman on the Maersk Line’s ship Alliance Fairfax, filed against the company in New York Supreme Court in June for...

November 21, 2022 No Responses

IMO Scribe Harps On Nigeria’s Strategic Role In Global Economy

By Moses Ebosele, ebosele@hotmail.com The Secretary General of the International Maritime Organization, Kitack Lim has described Nigeria as a very important country not only to Africa, but to the global economy. City Business News reports ...

November 12, 2022 No Responses

Global Food Imports To Hit $2tri

Food import costs globally are projected to reach nearly two trillion dollars this year, or higher than previously expected, the UN Food and Agriculture Organisation (FAO) has said. FAO, in a report published on Friday, stated that the new forecast...

October 28, 2022 No Responses

TotalEnergies Attains $9.9b Income In Q3

French-headquartered energy giant TotalEnergies has strengthened its balance sheet and doubled its profit in the third quarter (Q3) of 2022 on a year-on-year basis, driven by its LNG business and higher gas prices due to the Ukraine crisis. &nb...

October 27, 2022 No Responses

Grimaldi Secures Order For Five Car Truck Carriers

The Italian shipping company Grimaldi Group has signed an order for the construction of five new Pure Car Truck Carriers (PCTCs) with China Merchants Heavy Industries Jiangsu, which is part of China Merchant Industry Holdings. According to World Maritime ...

October 27, 2022 No Responses

Hyundai breaks Ground On $5.5b EV, Battery Plant

Hyundai Motor Company broke ground on a $5.54 billion Electric Vehicle (EV) and battery plant in the United States. According to Reuters, the investment is the largest in the state’s history and the latest in a string of EV...

October 19, 2022 No Responses

Lafarge Pleads Guilty To Supporting Terror Groups

French cement maker Lafarge has pleaded guilty in the US to supporting the Islamic State and other terror groups. According to BBC report, the firm agreed to a $777.8m (£687.2m) penalty for payments it made to keep a factory running...

September 29, 2022 No Responses

Germany, UAE Reinforce Energy Partnership

Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action. ...

September 21, 2022 No Responses

Buhari Bids UN General Assembly Farewell As Nigeria’s Leader

President Muhammadu Buhari addressed the UN General Assembly on Wednesday for the last time as Nigeria’s leader. In his farewell speech, he told the global body that his administration was determined to entrench a process of free, fair, transparent and...