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Saturday, August 8, 2020

It’s Time to Break Up Facebook

By Chris Hughes Mr. Hughes, a co-founder of Facebook, is a co-chairman of the Economic Security Project and a senior adviser at the Roosevelt Institute. May 9, 2019 The last time I saw Mark Zuckerberg was in the summer of 2017, several...

UPDATED: Diamond Bank collapse: The Hazards of Investing in Nigeria’s financial sector

By Paul Wallace If any investor wanted to get a sense of how tough the Nigerian banking sector can be, they could do worse than speak to the world’s third-biggest buyout firm. Carlyle Group LP made its first investment in Africa’s main oil producer...

Oil crash: How Saudi Arabia started a global crude price war

by Anjli Raval and David Sheppard in London Oil prices crashed by as much as 30 per cent after Saudi Arabia fired the first shots in a price war, in crude’s biggest one-day fall since the early 1990s Gulf war. Riyadh’s threat to discount its crude...

China prepares for an era of asymmetric warfare

by: Emily Feng and Charles Clover Beijing split over pursuit of low-cost hybrid systems such as drone swarms to add to its conventional arsenal With their tiny propellers buzzing, the fleet of Chinese aircraft, little larger than model planes, are flung into the air one at...

EXPLAINER: The coronavirus pandemic that tumbled oil prices are triggering a dollar shortage in Nigeria and calls for naira devaluation

By Yomi Kazeem Nigeria has recorded only two confirmed cases of Covid-19 but the global pandemic’s growing impact on its economy is far more significant. As oil prices tank while global demand drops drastically in the wake of the outbreak, Nigeria’s economy is being caught in...

The race for Nigeria’s presidency in 2019

Paul Carten ABUJA, Feb 21 (Reuters) - Nigeria’s elections were postponed by a week to Feb. 23 just five hours before polling units were set to open last Saturday, causing shock and disappointment among many voters. President Muhammadu Buhari and his rival, former vice president Atiku...

Gender pay gap: how women are short-changed in the UK

With the deadline to submit salary details for male and female staff in the UK just days away, early findings show that almost 90 per cent of women still work for companies that pay them less than male colleagues   Aleksandra Wisniewska, Billy Ehrenberg-Shannon and Sarah...

Financial assets made in China

Inclusion in major stock and bond indices will force investors to put cash in China FROM shoes to shirts and phones to fridges, made-in-China goods have blanketed the globe over the past three decades, entering every country and just about every home. But one...

The meaning of Rupert Murdoch

He changed Britain, but how much did Britain change him? The story of the Australian mogul is more complex than the popular myth suggests by: Robert Shrimsley “What graces the pages of our newspapers . . . is about our national narrative, the stories we tell...

What Happens When the Richest U.S. Cities Turn to the World?

As the economy has changed, so have the relationships between places, to the disadvantage of smaller cities and rural areas. By Emily Badger Dec. 22, 2017 SAN FRANCISCO — Well before anyone thought of this place as the center of the tech economy, the Bay Area built...
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