Nigerians Left Cold by Tinubu Reforms as Investors Applaud
Gasoline prices have more than tripled and the pace of annual Nigerian food inflation is running above 25%.
Bloomberg Business
Food Inflation Is Still High Around the World
Domestic food price inflation remains high, with Venezuela, Lebanon, Zimbabwe, Argentina and Suriname among the hardest hit countries, according to the World Bank.
Blackstone’s Real Estate Trust Redemption Requests Decline to Lowest Point This Year
Blackstone Inc.’s giant real estate trust for wealthy individuals saw redemption requests ease to the lowest point this year as it limited withdrawals for a ninth consecutive month.
China Vows More Economic Support as Recovery Continues to Wane
China’s manufacturing and housing market continued to slump in July, with Beijing making fresh pledges to shore up the economy’s recovery.
Russia’s Seaborne Crude Flows Slump to the Lowest Since January
Four-week average shipments dropped below 3 million barrels a day
The FAA Approves Largest Uncrewed Aircraft System in the US
Electric aircraft startup Pyka is bringing its drone to the US for use as crop sprayers.
Stellantis to Launch Hybrid Ethanol Cars in Brazil by 2024
Stellantis NV plans to start producing its first flex-hybrid vehicles powered by ethanol and electricity in Brazil by 2024, in an effort to come out ahead in the competition for the EV market in Latin America’s largest economy.
Billionaire Kretinsky on a Buying Spree of Unloved French Assets
Daniel Kretinsky is at it again.
Nigerian President Tinubu Unveils Broad Plan to Ease Cost of Living Pain
Nigerian President Bola Tinubu announced sweeping measures to soften the impact of his move to end gasoline subsidies that has sent prices surging.
Pakistan’s Inflation Eases in July Amid Elevated Policy Rate
Pakistan’s inflation eased for the second straight month in July as the central bank kept policy rates elevated to keep prices in check.
