Category: Business

On Election Day, dozens of New York Times tech workers defied a strike, crossing the picket line despite union calls for a work stoppage. Representing over 600 tech specialists, the Tech Guild has raised significant funds for their cause, advocating for issues like remote work rights and pay equity. Some members didn't join in, concerned about job security or already skeptical of the union. The strike underscored deepening divisions within the company.

The Nigerian National Petroleum Company Limited (NNPCL) has sparked a dispute over petrol pricing after beginning to load petrol from Dangote refinery at an asserted N898 per litre. Dangote Refinery has disputed this figure, while issues of pricing transparency and market dynamics continue to plague Nigeria's oil sector.

Mombasa Governor Hassan Joho has vouched to capitalize on the blue economy for economic growth if he becomes the Cabinet Secretary for Mining. His vision includes sustainable marine management, boosting tourism, fishing, and addressing environmental concerns to benefit coastal communities. Joho's goal is to diversify Kenya's economy and reduce dependence on traditional sectors.

Aliko Dangote, Chairman of the Dangote Group, strongly denies allegations of monopoly. He asserts that his companies do not prevent others from competing in the same markets. Dangote emphasizes that his group operates in a competitive environment and welcomes fair competition.

Argentina is on the brink of becoming a dominant force in the global lithium market, with an anticipated boom in production poised to flood the market in the upcoming years. This leap is primarily attributed to their rich lithium deposits within the Lithium Triangle and supportive government measures.

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The Japanese yen has weakened significantly against the US dollar, reminiscent of levels seen in April 1990. This article explores the reasons, including contrasting interest rates and inflation scenarios between Japan and the USA, and the broader economic implications.