Nigerian leader defends currency swap as pain, protests grow
Nigerian President Muhammadu Buhari says the country’s redesigned currency would bolster the upcoming presidential election.
Business
France prepares for 5th day of pension reform protest
France is bracing for a fifth day of nationwide strikes and protests against a pension reform that is the flagship policy of President Emmanuel Macron’s second term.
Centrica boss refuses to say if he will waive bonus after ‘obscene’ £3.3bn profit
Chris O’Shea urged to ‘look at his conscience’ amid cost of living crisis and prepayment meter scandalThe chief executive of Centrica has refused to say whether he will waive a £1.6m bonus, as the British Gas owner’s annual profits tripled to a record …
Collapse in new home listings in Sydney and Melbourne hits real estate company profits
Domain chief Jason Pellegrino says decline is worse than during Covid lockdowns and banking royal commissionFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastA collapse in…
Solicitors in UK warned not to act as ‘hired guns’ to silence critics of super-rich
Regulator investigating 40 alleged ‘Slapp’ cases, including action by firm on behalf of Russian oligarch who runs Wagner groupLaw firms have been warned by their regulator that they should not act as “hired guns” to silence critics of the wealthy, amid…
Westpac and Commonwealth pause regional bank closures during Senate inquiry
The inquiry will begin hearings into regional branch closures next month in GippslandSign up for the Rural Network email newsletterJoin the Rural Network group on Facebook to be part of the communityWestpac has said it will pause plans to close regiona…
Ford stops production of electric F-150 after battery fire
Ford Motor Co. says it has suspended production and halted shipments of the F-150 Lightning electric pickup after a battery caught fire during a pre-delivery quality check.
Australia’s unemployment rate climbs to 3.7% in January, higher than economists expected
Succession of interest rate rises by the RBA trims jobs growth as unemployment jumps to its highest level since May 2022Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastA…
Rising interest rates boost NAB’s quarterly profit to $2.15bn
National Australia Bank warns cash rate increase ‘also causing economic growth and house prices to soften’Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastNational Austra…
Has Google Lost Its Mission?
A former Google employee said the company has lost its way, writing in a recent blog post that Google is inefficient, plagued by mismanagement and paralyzed by risk. Praveen Seshadri joined the Alphabet-owned company at the start of 2020 when Google Cl…