Norway’s sovereign wealth fund recently declared its opposition to Elon Musk’s compensation plan. Officials stated they would vote against the package at Tesla’s shareholder meeting. This decision came on November 4, 2025. The fund manages $2 trillion in assets. It ranks as Tesla’s sixth largest external investor. Therefore its stance carries significant weight. Details of…
South Korean President Lee Jae-myung delivered his first budget speech on November 4, 2025. He called for a major increase in AI spending. Lawmakers heard his plan to triple investments in artificial intelligence. Additionally he unveiled a 728 trillion won budget for 2026. This represents an 8.1 percent rise from the current year. Officials aim…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reaffirmed its goal of raising Nigeria’s crude oil production to two million barrels per day (bpd) by 2027, and to three million bpd by 2030. This assurance came from Mr. Udy Ntia, Executive Vice President, Upstream, NNPC Ltd., during his presentation at the 2025 Abu Dhabi…
Miami Beach has launched Concrete Coral, a stunning underwater sculpture park that merges art, marine science, and environmental restoration. The installation includes 22 life-size cars made of marine-grade concrete, carefully placed beneath the ocean’s surface. This first phase of The ReefLine project aims to transform artistic creativity into a powerful force for coral reef recovery…
The National Civil Society Council of Nigeria (NCSCN) has cleared the Nigerian Communications Commission (NCC) of alleged bias in its 2025 staff promotion process. The Council said it reached this conclusion after an independent review of petitions from some employees and civil society groups. NCSCN Confirms Fair NCC Promotion Exercise Speaking at a press conference…
The African Democratic Congress (ADC) has urged President Bola Tinubu to cancel the 15% fuel import duty, saying it will worsen the cost of living for Nigerians.In a Friday statement, the party said the new policy will push fuel prices higher and increase the hardship citizens already face.Read more on Nigeria’s energy policies via BBC…
The Panama Canal Authority (ACP) has achieved a major victory in its long-standing arbitration battle against the Spanish-led Grupo Unidos por el Canal (GUPC) consortium. The international tribunal ruled that GUPC must refund US$265 million to the ACP, effectively ending years of disputes over cost overruns and poor-quality materials. This decision not only restores funds…
Dangote Petroleum Refinery has reaffirmed its commitment to providing a consistent fuel supply across Nigeria. The company says its output now exceeds the country’s daily demand. According to the refinery, it currently loads over 45 million litres of Premium Motor Spirit (PMS) and 25 million litres of diesel each day. These figures, it said, are…
Disney has pulled its channels, including ABC, ESPN, Disney Channel, FX, and National Geographic, from YouTube TV after contract talks failed. The network blackout affects millions of YouTube TV subscribers who lose access to these major channels as of midnight today. What Disney and YouTube TV Say Disney said the move was necessary to protect…
Amazon has announced plans to cut around 14,000 corporate jobs, about 4% of its office workforce. The decision comes as the company increases its investment in artificial intelligence and cloud infrastructure. The restructuring is part of Amazon’s strategy to streamline operations and channel more resources toward high-growth areas. Impacted employees will receive 90 days to…
