Berlin, Germany – Sales of electric vehicles in Germany collapsed in 2024 following the cancellation of a government subsidy, official figures showed on Monday. Around 380,600 electric cars were newly registered over the course of the year, 27% fewer than in the previous year, according to the Federal Motor Transport Authority (KBA). Electric models represented…
Calabar, Nigeria – In an extraordinary achievement, Emmanuel Inyang, Assistant Brand Manager and Project Lead at Tolaram Group, has set a new Guinness World Record for the longest product display in the world. The impressive display, measuring a staggering 144 feet in length, was constructed using Hypo products and set up in one of Calabar’s…
Pennsylvania, U.S. – US President Joe Biden has vetoed the proposed $14.9-billion acquisition of United States Steel Corporation (US Steel) by Japan’s Nippon Steel, citing national security concerns and potential risks to critical supply chains. The proposed buyout, which was approved by US Steel’s board, aimed to help the second-largest US steelmaker contend with rising…
Calabar, Nigeria – The $350 million Grand Litora Railway project, aimed at connecting all major cities in Cross River State, Nigeria, achieved a significant milestone with the unveiling of the topographical mapping for the initial 104km Calabar-Ugep route. The presentation occurred on Friday, December 20, 2024, at Tinapa Free Zone Resort, underscoring Cross River State’s…
Lagos, Nigeria – The naira commenced the new year trading at relatively stable rates across various foreign exchange (FX) markets, reflecting a mixed but steady performance as observed on Thursday. At the official market, also known as the Nigerian Foreign Exchange Market (NFEM), the naira opened at N1,538.50 to the dollar, according to data from…
By Thomas Fazi The European energy market is on the brink of another shock. Despite the war in Ukraine, over the past three years, Russian gas has continued to flow to Europe — mainly to Slovakia, Hungary, Austria and Italy — through a pipeline via Ukraine. Even though the share of Ukrainian transit in EU…
