International News Archives — City Business News

June 7, 2023 No Responses

Shell Adverts Banned Over Misleading Claims

The United Kingdom advertising watchdog, Advertising Standards Authority (ASA) has banned a video advert and billboard campaign from Shell over misleading claims about how clean its overall energy production is. The ban applies to one TV advert, a poster displayed in Bristol and...

February 14, 2023 No Responses

FG To Unveil Carbon Tax

The federal government has concluded plans to unveil a carbon tax policy and budgetary system to enhance revenue generation in the country. The Director-General of the National Council on Climate Change (NCCC), Salisu Dahiru, made this known on Monday wh...

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...

July 17, 2022 No Responses

World Bank deploys $114.9b To Finance Global Crisis

The World Bank Group has responded to the overlapping global crises by deploying $114.9 billion in financing in 2022. In a statement on Saturday, the Bank explained that from July 1, 2021, to June 30, 2022, it responded with unprecedented scale...

June 27, 2022 No Responses

PwC Staff To Get Pay Rise

Thousands of PwC staff are to get a 9% pay rise in response to rising living costs and a competitive recruitment market, the accountancy giant has said. The company said half of its more than 20,000 employees in the UK...

April 1, 2022 No Responses

US Orders Release Of Oil Reserves

US President Joe Biden has ordered a major release of oil from America’s reserves in an effort to bring down high fuel costs. The release of up to 180m barrels of oil over six months is the largest since the...

February 17, 2022 No Responses

Heineken To Put Up Prices As Costs Soar

Heineken, the world’s second-largest brewer, has warned that it will increase the price of its beers due to the impact of inflation. The firm, which sells brand including Strongbow cider, Amstel and Europe’s best-selling lager, Heineken, blamed soa...

January 18, 2022 No Responses

Unilever To Revisit $65b Merger Deal With GSK

Unilever has signaled it will continue pursuing a blockbuster deal to buy GlaxoSmithKline’s (GSK) healthcare arm. Unilever has already had a £50b ($65b) offer rejected, but said on Monday a deal would be a “strong strategic fit”. ...

December 3, 2021 No Responses

Countries Reach Deal To Cut Trade Costs

Members of the World Trade Organization (WTO) have agreed on a landmark deal that could cut trade costs by £113bn a year. Some 67 members agreed to cut red tape around licensing and qualifications. The signatories, which include the UK,...

October 31, 2021 No Responses

World Leaders Approve Corporate Tax Deal

Leaders of the world’s 20 major economies have approved a global agreement that will see the profits of large businesses taxed at least 15%. It follows concern that multinational companies are re-routing their profits through low tax jurisdictions. ...