BUSINESS

Nigeria has failed to capitalise on an oil price boom that has helped cushion other exporters from the impact of inflation, with millions more Nigerians now facing poverty.

China's central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in offshore markets as it steps up efforts to stem the yuan's descent, four sources with knowledge of the matter said.

The criminal group, according to a spokesperson from law enforcement, was led by Hong Moumou, who is notorious for his illegal gambling and fraudulent activities across China.

H&M, the world's No.2 fashion retailer, launched a 2 billion Swedish crown ($177 million) cost savings drive on Thursday after reporting weaker-than-expected profits due to soaring input costs, slowing consumer spending and its exit from Russia.

Porsche AG made its debut on the stock market on Thursday, with a price tag of about 75 billion euros ($72.45 billion) after Volkswagen priced shares at the top end of the range, braving turbulent market conditions.

Once unthinkable, mobile phones could go dark around Europe this winter if power cuts or energy rationing knocks out parts of the mobile networks across the region.

After Pope outreach, Nicaragua's Ortega calls Church a 'dictatorship'

Soaring interest rates are providing investors with attractive alternatives to stocks, complicating the picture for equities in an already-vicious year.

US VP Harris lands in S. Korea after North's missile tests

Coolio, rapper behind hit 'Gangsta's Paradise,' dies at 59

Macron faces strike as French unions flex muscles

Hong Kong confirms November banking summit after ending quarantine

Asian stocks pick up after BoE steps in, but pound rally wanes

Top Rwanda genocide suspect Kabuga goes on trial

A federal judge in New York has frozen the assets of dozens of people and entities accused of operating a massive nationwide scheme to distribute counterfeit bottles of Gilead Sciences Inc HIV drugs

P.F. Chang's now has a subscription service called "Platinum Rewards" for access to exclusive perks like priority reservations, and VIP concierge support.

Stocks ralled Wednesday after England's central bank announced a bond buyback program.

Design startup Penpot secured $8 million in its Series A funding round, a first for a Spanish open-source company.

Power starting to return to Cuba after departure of Hurricane Ian

Exxon Mobil issued a temporary "stand-down" across its U.S.

Sneakerheads are thinking twice before splurging on the newest set of kicks as the rising cost of living takes a toll on consumer spending, setting the stage for a potential slowdown in sales for Nike Inc in coming months.

Bed Bath & Beyond investors will be closely watching the home goods retailer's second quarter earnings on Thursday for clues as to how customers are responding to its merchandise overhaul.

Ford will build the 2023 F-Series Super Duty truck at its Kentucky Truck Plant and Ohio Assembly Plant.

The Waffle House Storm Center has been tracking Ian since it was named a storm.

The scale and speed of the sell-off in British assets has jolted world markets, raising concern about contagion as chaos in a major developed economy adds to unease already generated by sharp interest rate rises from the United States and elsewhere.

Iran 'throttling' internet to limit protest footage: activists

Cristoforetti becomes first European woman to command ISS

Some major advertisers including Dyson, Mazda and chemicals company Ecolab have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions are appearing alongside tweets soliciting child pornography, the companies told Reuters.

Taco Bell fans can vote for the return of either the Double Decker Taco or Enchirito in the chain's app through Oct. 6.