Ford Motor Company says it has made a major stride toward developing cheaper electric vehicles (EVs) with longer driving ranges, thanks to a breakthrough in battery technology using Lithium Manganese Rich (LMR) chemistry. While details remain scarce, the announcement has stirred attention across the auto and energy sectors. On April 23, Charles Poon, Ford’s director […]
GM Recalls 721,000 Full-Size Trucks and SUVs Due to Defective 6.2L V8 Engines
General Motors (GM) has announced a massive recall of 721,000 vehicles worldwide, including approximately 598,000 in the U.S., due to a defect in the 6.2-liter V8 engine that could cause engine failure and loss of power. The automaker has also issued a stop-sale order on affected models still in dealer inventory. The GM recall 2025 […]
GM Recall 2025: Over 721,000 SUVs and Trucks Recalled Due to Engine Failure Risk
General Motors (GM) has issued a massive vehicle recall in 2025, affecting approximately 721,000 SUVs and trucks worldwide — including nearly 600,000 in the U.S. — due to potential engine failure risks that could lead to crashes, the automaker announced on April 29. The GM recall 2025 impacts 2021–2024 model-year vehicles equipped with 6.2L V8 […]
US Stock Futures Edge Higher as Market Awaits Earnings and Economic Data; Expert Warns of ‘Perfect Volatility Storm’
US stock futures rose on Tuesday morning as investors eagerly awaited major earnings reports and economic data set to be released throughout the week, signaling heightened anticipation across the financial markets. While there have been no significant developments in the US-China trade negotiations and tariffs, US Treasury Secretary Scott Bessent provided a brief update on […]
Bessent Says US Will Factor China’s Non-Compliance with Phase One Deal in New Trade Talks
Washington – U.S. Treasury Secretary Scott Bessent said Tuesday that the Trump administration will consider China’s failure to comply with the Phase One trade deal from President Trump’s first term when finalizing a new trade agreement with China. Speaking to FOX Business Network’s “Kudlow”, Bessent responded to questions about whether the Phase One deal signed […]
UPS to Cut 20,000 Jobs Amid Reduction in Amazon Shipments
United Parcel Service (UPS) has announced plans to eliminate 20,000 jobs in 2025, a significant part of the company’s strategy to reduce costs, primarily due to a decrease in deliveries from its largest customer, Amazon. With operations spanning over 200 countries, UPS currently employs approximately 490,000 workers, meaning this layoff will impact about 4% of […]
NNPCL Reshuffles Leadership, Sacks Managing Directors of Three Refineries
The Nigerian National Petroleum Corporation Limited (NNPCL) has made significant changes to its leadership by sacking the Managing Directors of three of the country’s major refineries. This move comes as part of the ongoing restructuring efforts aimed at improving the operations of the corporation and ensuring the effective management of Nigeria’s oil and gas industry. […]
Stanbic IBTC Records Strong Financial Performance with N82 Billion Profit Surge
Stanbic IBTC Holdings Plc, a member of the Standard Bank Group, has reported an impressive profit after tax (PAT) of ₦82 billion for the financial year ended December 31, 2024, marking a significant leap in its earnings and reflecting robust growth across its core banking and financial services operations. This performance represents one of the […]
Operators and Experts Clash After Airlines Overlook Weather Forecasts
A growing dispute between airline operators and aviation experts has erupted following a series of recent incidents where airlines are accused of ignoring weather forecasts, leading to flight disruptions, delays, and in some cases, safety concerns. Industry experts have expressed concern over airlines’ adherence to weather advisory services, warning that the lack of appropriate precautions […]
Fitch Ratings Upgrades Investment Ratings for Lagos, Kaduna, and Two Other States
In a significant boost to the economic outlook of Nigeria’s regional states, international credit rating agency Fitch Ratings has upgraded the investment ratings of four Nigerian states, including Lagos and Kaduna. The other two states benefiting from this upgrade are Ogun and Rivers, marking a positive shift in the economic stability and growth potential of […]