Toyota makes a major announcement as much as $10 billion will be committed to its US operations over the next five years to further solidify local manufacturing and contribute to economic growth. Opening a New Battery PlantToyota opens a $14 billion battery plant in Liberty, North Carolina. This facility starts production and focuses on electric…
Governor Senator Bassey Otu attended the handover ceremony in Calabar. Moreover he described the event as a battle won for all Cross Riverians. Additionally, Otu highlighted the recovery as a rebirth of resilience. Therefore this moment revived a key vision for the state. Officials from AMCON signed the documents. As a result, the resort returned…
The government shutdown strikes Washington’s economy hard. First, it furloughs thousands of federal workers. Additionally, it halts essential aid programs. Immediate Effects on Federal Employees Federal employees face severe hardships. Moreover, about 150,000 workers in the Washington area miss paychecks. Consequently, many dip into savings to cover basics. Furthermore, the shutdown causes a 25 percent…
Honda announced a major recall on November 7, 2025. The company targets 406,290 vehicles in the United States. Moreover, this action addresses a serious manufacturing defect. As a result, wheels could detach while driving. Affected Models The recall covers specific Honda Civic vehicles. In particular, it includes models from 2016 to 2021. Furthermore, only those…
According to President Bola Tinubu, he has followed the path of steady growth. He also spoke about the fruitful ongoing reforms in the economy. Finally, it should be noted that such changes are welcomed by both national and international audiences. The Growth Trajectory Nigeria has always made steady progress in its economy. The reforms taking…
Energy ministers from the United States and several European countries gathered in Athens, Greece, to discuss strategies that improve energy supply to Ukraine. The meeting, hosted by the Atlantic Council, witnessed the participation of more than 80 U.S. officials, European Union ministers, and executives of leading liquefied natural gas companies. The U.S. delegation was led…
The Federal Government has appointed Dr. John Nwabueze as the Tax Ombudsman, in accordance with the Joint Revenue Board of Nigeria (Establishment) Act, 2025. This appointment aligns with President Bola Tinubu’s commitment to implementing sustainable reforms in Nigeria’s tax and revenue administration system. Nwabueze’s Experience and Background Before his appointment, Dr. Nwabueze served as Managing…
Toyota Motor Corporation recently announced its financial results for the quarter ending September 2025. The company experienced a significant decline in profits. Analysts attribute this drop mainly to escalating US tariffs. Quarterly Earnings Overview Toyota reported a 27 percent drop in operating profit for the second quarter. This marks the second straight quarter of decline….
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…
