Category: business
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Nigeria’s Dangote Partners with Honeywell to Double Refinery Capacity by 2028
Nigeria’s Dangote Group has selected Honeywell International Inc. to support its ambitious plans to expand refining capacity to 1.4 million barrels per day (bpd) by 2028, signaling a major step toward establishing the world’s largest single-train petroleum refinery. The partnership will leverage Honeywell’s advanced catalysts, equipment, and Oleflex technology to process a wider range of
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Moscow and Beijing Explore Expansion of Russian Oil Exports to China
Moscow and Beijing are actively discussing strategies to expand Russian oil exports to China, Russian Deputy Prime Minister Alexander Novak confirmed on Tuesday. The talks highlight Russia’s growing reliance on Asian markets, particularly China and India, following Western sanctions and geopolitical tensions. China and India Drive Russian Oil Demand Since the onset of Russia’s military
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India’s Russian Oil Imports Set to Plunge in December Amid Tightening Western Sanctions
India’s imports of Russian crude oil are expected to fall sharply in December, hitting their lowest levels in at least three years, as refiners adjust operations to comply with increasingly stringent Western sanctions, industry sources report. The decline comes after multi-month highs in November, driven by last-minute stockpiling ahead of new U.S., EU, and U.K.
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Russia’s Car Market Faces Severe Downturn in 2026 Amid Rising Scrappage Fees
Russia’s car market is heading for a challenging 2026, with higher scrappage fees set to push new car prices to record levels, industry experts warn. While October 2025 saw a temporary surge in vehicle purchases, analysts say this was driven by buyers rushing to beat the upcoming price increases, rather than a sign of genuine
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Nokia Announces $4 Billion AI Investment in the United States
Nokia, the Finnish telecommunications and technology giant, has announced plans to invest $4 billion in the United States to accelerate research, development, and production in artificial intelligence-driven network connectivity. The move comes as Nokia strengthens its North American operations and focuses on cutting-edge AI technologies for telecom infrastructure. Investment Breakdown Nokia stated that $3.5 billion
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Paramount, Comcast, and Netflix Submit Preliminary Bids for Warner Bros Discovery
Warner Bros Discovery (WBD) has received preliminary buyout bids from major media rivals Paramount Skydance, Comcast, and Netflix, signaling the start of a potential blockbuster deal in the entertainment industry. The bids could reshape the future of HBO, Warner Bros’ film library, and the DC Comics universe, as the century-old Hollywood studio considers strategic options
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Eurozone Business Activity Shows Steady Growth in November Amid Strong Services Sector
Eurozone business activity continued to expand steadily in November 2025, with the services sector driving growth while manufacturing returned to contraction, according to the latest PMI data from S&P Global. The 20-nation bloc has demonstrated resilience despite ongoing global economic uncertainty, and improving business sentiment suggests that the region’s economic momentum may persist heading into
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Canadian Retail Sales Fall 0.7% in September; October Likely Flat
Canadian Retail Sales Decline by 0.7% in September Amid Weak Auto Sector; October Expected to Remain FlatCanada’s retail sector experienced a noticeable slowdown in September 2025, with total retail sales falling by 0.7% from August, according to Statistics Canada. The decline brought total retail revenue to C$69.81 billion ($49.47 billion), driven primarily by lower sales
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U.S. Judge Presses for Swift Action in Google Ad Tech Monopoly Case
ALEXANDRIA, Virginia, Nov 21, 2025 – A U.S. federal judge overseeing the Department of Justice’s (DOJ) antitrust case against Google has pressed for a rapid resolution, asking how quickly any court-mandated breakup of the tech giant’s advertising business could be implemented. “Time is of the essence,” Judge Leonie Brinkema emphasized on Friday during closing arguments
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Global Equity Funds See Ninth Straight Week of Inflows on Strong Corporate Earnings
NEW YORK, Nov 21, 2025 – Global equity funds attracted net inflows for a ninth consecutive week, fueled by robust corporate earnings and investor confidence across major sectors, according to LSEG Lipper data. Investors continue to focus on strong third-quarter earnings growth, brushing aside concerns over stretched technology valuations and market volatility. During the week
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