US Retailers Ration Motor Oil As Prices Nearly Quadruple
Supply disruptions linked to the Iran conflict are putting pressure on the global market for full synthetic motor oil, sending ...
Tag: Business
Fed Raises Interest Rates for First Time Since 2023 to Fight Sticky Inflation
After months of holding off, the Federal Reserve raised interest rates on Wednesday in a clear effort to tackle stubborn ...
Amazon Wage Bump Drives Minimum Pay to $20 an Hour Alongside New Perks
An essential change is unfolding across American logistics centres as an Amazon wage bump pushes the e-commerce giant’s minimum starting ...
PepsiCo to Cut Nearly 70% of Workforce at Maryland Plant
PepsiCo is set to cut 98 jobs at its facility in Cheverly, Maryland, representing nearly 70 per cent of the ...
US Borrowing Costs Hit 5% as Oil Prices Surge Above $108
US government borrowing costs have risen to 5% for the first time since 2023 as soaring oil prices fueled by ...
Uber Lays Off 3,300 Workers To Back $10bn Autonomous Vehicle Plan
Uber Technologies is set to reduce its global corporate workforce by about 10 per cent, affecting approximately 3,300 of its ...
Saudi Arabia Suspends 5m-Barrel-A-Day Oil Pipeline As Houthi Advance Puts Red Sea Route At Risk
Saudi Arabia is facing fresh complications in moving its crude to international markets after the kingdom temporarily stopped a major ...
Rand Paul Staff Flew Private Jet on Taxpayer Dime for Butler Trip
Six staffers for one of Capitol Hill's most outspoken deficit hawks traveled by private jet as part of a congressional ...
Huawei Racketeering Trial Opens In New York Amid Technology Theft Allegations
The racketeering conspiracy trial of Chinese technology giant Huawei Technologies opened in New York on Wednesday, with US federal prosecutors ...
Uganda To Begin Oil Exports In December As Country Targets 230,000bpd
Uganda is preparing to enter the global oil market, with the East African country planning to export its crude oil ...
$100 Oil Spike Exposes Trump’s Empty Promises on $2 Gas
The cost of crude oil has officially passed $100 a barrel, hitting its highest level in months. This price jump ...
Oil Prices Could Climb to $120 as US Fuel Costs Soar by $100bn
Goldman Sachs has warned that further attacks in the Persian Gulf and Red Sea could send global oil prices above ...
Nigeria’s Multinational Exodus: What Is Driving Companies Out?
The growing number of multinational companies scaling down or ending their operations in Nigeria has raised fresh concerns over the ...
Uber Faces FCCPC Scrutiny After Sudden Shutdown In Nigeria
Uber’s abrupt decision to halt operations in Nigeria and Uganda has shifted the focus from a simple market exit to ...
Volkswagen to Cut 50,000 More Jobs as German Carmaker Restructures
Volkswagen's board has approved plans to cut another 50,000 jobs as part of the biggest restructuring in the group's nearly ...
